Eagle Ford Shale

Rosetta Resources To Spend $590 Million In Eagle Ford Shale In 2012

Rosetta Resources (ROSE) announced a 2012 capital budget of $640 million and will spend $590 million or 90% of the funds on the company’s acreage in the Eagle Ford Shale.  The expenditures will be funded through cash flow and the company’s credit facility.

Rosetta Resources expects these expenditures to increase production from the Eagle Ford Shale by 40% over 2011.  The company will operate four rigs and complete sixty wells during the year in the company’s Gates Ranch project as well as on other parts of its properties.

2011 Eagle Ford Shale Summary

Rosetta Resources completed 45 net wells into the Eagle Ford Shale in 2011 and expects to exit 2011 with production of 195 million cubic feet of natural gas equivalent per day. 

Abraxas Petroleum Updates Eagle Ford Shale Activity

Abraxas Petroleum (AXAS) released an update on the company’s operations in Texas where it is developing the Eagle Ford Shale. 

Abraxas Petroleum is developing the Eagle Ford Shale through Blue Eagle, a joint venture between the company and Rock Oil Company, LLC.

Abraxas Petroleum recently drilled and completed the Grass Farms 1H well in Atascosa County, Texas.  The well was drilled to a total measured depth of 13,150 feet, with a 5,400 foot lateral, and completed with an eighteen stage hydraulic fracturing operation.

Abraxas Petroleum plans to drill one horizontal well into the Eagle Ford Shale during the fourth quarter of 2011.  The well is located in McMullen County, Texas, on a 2,487 net acre position that the company recently acquired.

Crimson Exploration Reports On Eight Eagle Ford Shale Wells

Crimson Exploration (CXPO) issued an operational update on the Eagle Ford Shale in Texas. The company has 8,000 net acres prospective for this formation.

The Littlepage McBride #3H well started production at a gross rate of 1,045 barrels of oil equivalent (BOE) per day.  The production was composed of 965 barrels of oil and 479,000 cubic feet of gas per day.

The Littlepage McBride #4H well started production at a gross rate of 1,126 BOE per day.  The production was composed of 1,002 barrels of oil and 744,000 cubic feet of gas per day.  The Littlepage McBride #3H and Littlepage McBride #4H wells are both located in Karnes County, Texas.

Crimson Exploration also reported on the status of several other wells targeting the Eagle Ford Shale.

Littlepage McBride #6H – Completed drilling to a total measured depth of 16,059 feet, including a 5,290 foot lateral.

Littlepage McBride #5H - Completed drilling to a total measured depth of 16,200 feet, including a 5,460 foot lateral.

Crimson Exploration expects to complete the Littlepage McBride #6H and Littlepage McBride #5H wells during the fourth quarter of 2011.The company will then start drilling the Littlepage McBride #7H and Glasscock #1H wells during the first quarter of 2012.

Crimson Exploration recently started drilling the Beeler #1H well in Dimmit County, Texas. The company will then start drilling the KM Ranch #2H well in Zavala County, Texas.