Eagle Ford Shale

Rosetta Resources Forced To Curtail Production In Gates Ranch Area

Rosetta Resources (ROSE) disclosed a temporary interruption of production from the company’s Eagle Ford Shale properties in Texas.  The interruption was due to an “operational upset” at a gathering and processing facility owned by a third party.

Rosetta Resources said that the approximately 75 million cubic feet per day of production from the Gates Ranch area has been curtailed since 7/20/2011.  The company reported total production from the Eagle Ford Shale of 120 million cubic feet of natural gas equivalents per day at the end of the first quarter of 2011.  The total curtailed production is 525 million cubic feet during the first seven days. 

Rosetta Resources guidance called for total company production at the end of 2011 to be in a range between 185 and 195 million cubic feet of natural gas equivalents per day.  The company did not indicate whether the curtailment would impact this goal.

Rosetta Resources has 65,000 net acres exposed to the Eagle Ford Shale as of 6/5/2011.  Additional details on the acreage:

Dry Gas – 15,000 net acres and 145 potential drilling locations.

Oil and Liquids – 50,000 net acres and 450 potential drilling locations.

Swift Energy - Eagle Ford Shale Activity - Second Quarter Of 2011

Swift Energy Company (SFY) reported an update on its operations in the Eagle Ford Shale during the second quarter of 2011.  

Swift Energy Company reported the completion of only four wells in McMullen County, Texas during the second quarter of 2011.  This was caused by the company releasing one of its dedicated hydraulic fracturing fleets during the quarter.  The company now as an inventory of seven Eagle Ford Shale wells that have been drilled but not yet completed.

Swift Energy Company drilled and completed the SMR EF 3H well into the Eagle Ford Shale during the second quarter of 2011.  The SMR EF 3H well had an initial production rate of 1,230 barrels of oil, 780,000 cubic feet of natural gas and 60 barrels of natural gas liquids per day.

PetroQuest Energy Reports Weak Results On First Operated Eagle Ford Shale Well

PetroQuest Energy (PQ) reported the production result of the company’s first operated well into the Eagle Ford Shale.  The well had an initial 24 hour gross daily production rate of 253 barrels of oil. 

PetroQuest Energy said that the well had an “erratic flowback” and the company attempted various methods to maximize production.  The company also said that its second and third operated Eagle Ford Shale wells have reached total depth in La Salle County, Texas.

PetroQuest Energy is conducting completion operations on the second well and will start completion operations on the third well during the fourth quarter of 2011.