Eagle Ford Shale

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.

Abraxas Petroleum Reports Production For The T Bird 1H - First Eagle Ford Shale Well

Abraxas Petroleum Corporation (AXAS) reported the completion of its first well into the Eagle Ford Shale in Texas.  The company has 8,333 net acres in the play and plans to drill four wells here in 2011.

Abraxas Petroleum Corporation said that the T Bird 1H Eagle Ford Shale well produced an average of 5.8 million cubic feet of natural gas and 342 barrels of condensate per day during the first nineteen days under a restricted choke.

The T Bird 1H well was drilled with a 5,700 foot lateral and completed with a fifteen stage hydraulic fracturing operation.  This Eagle Ford Shale well was drilled in DeWitt County, Texas, and was drilled by Blue Eagle Energy, LLC, a joint venture between Abraxas Petroleum and Rock Oil Company, LLC.

Abraxas Petroleum Reports Status Of T Bird 1H Eagle Ford Shale Well

Abraxas Petroleum Corporation (AXAS) issued an update on its operations in Texas, where the company is developing the Eagle Ford Shale. 

Abraxas Petroleum Corporation is involved with Rock Oil Company, LLC in a joint venture in the Eagle Ford Shale called Blue Eagle Energy, LLC.  This joint venture recently finished drilling the T Bird 1H well to a total measured depth of 19,450 feet, including a horizontal lateral of 5,700 feet.

The T Bird 1H Eagle Ford Shale well is scheduled to undergo a fifteen stage hydraulic fracturing operation in January 2011.  Abraxas Petroleum Corporation owns a 50% working interest in the joint venture.