Eagle Ford Shale

Hess Corporation - Eagle Ford Shale Comments - Q4 2011 Conference Call

Hess Corporation (HES) held an earnings conference call on January 25, 2012, to discuss the company’s fourth quarter of 2011 and full year earnings.  The company disclosed some additional information on its Eagle Ford Shale operations.

“In the Eagle Ford Shale, we plan to continue to delineate our acreage position, operating a 3-rig program and drilling approximately 25 to 30 wells in 2012.”

“So our current focus remains on continuing to delineate our acreage, particularly the Northeast as we move into 2012. And we're pleased with the results to date. We've got 109,000 net acres in the Eagle Ford. We've drilled 29 wells. We've got 22 completed and on production now, 18 with 30-day initial production rates, and those are ranging between 350 and 650 barrels per day, with an average of about 500 barrels per day. So, so far, so good on the Eagle Ford.”

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Sanchez Energy Reports Two Eagle Ford Shale Completions

Sanchez Energy Corporation (SN) reported the completion of two recent wells drilled into the Eagle Ford Shale in Texas.  The company has 91,000 net acres with 750 net drilling locations exposed to this play.

Sanchez Energy Corporation reported that the Barnhart #5H well had average production of 1,318 barrels of oil equivalent (BOE) per day during the first 30 days of production.  The well was drilled with a 5,991 foot lateral and a 17 stage hydraulic fracturing operation.

Sanchez Energy Corporation reported that the Barnhart #6H well had average production of 1,235 BOE per day during the first 30 days of production.  The well was drilled with a 5,998 foot lateral and an 18 stage hydraulic fracturing operation.

Both wells are located at the Palmetto project area in Gonzalez County, Texas.

Cabot Oil and Gas - Eagle Ford Shale Update - Third Quarter of 2011

Cabot Oil and Gas (COG) released an update on the company’s operations in Texas where it is developing the Eagle Ford Shale. 

Cabot Oil and Gas is active in the Buckhorn area of the Eagle Ford Shale and completed nine wells during the third quarter of 2011, bringing the company’s total to twenty one producing wells. The company reported initial production rates averaging 628 barrels of oil equivalent (BOE) per day, and thirty day average production rates of 500 BOE per day.

Cabot Oil and Gas reported an average lateral length of 5,000 feet and sixteen hydraulic fracturing stages at Buckhorn wells. The company has three other wells in various stages of completion.