Eagle Ford Shale

Penn Virginia Adds To Eagle Ford Shale Position

Penn Virginia (PVA) has purchased an additional 4,100 net acres prospective for the Eagle Ford Shale in Texas.  The company will pay $10 million for 3,200 net acres in Gonzales County and 895 net acres in Lavaca County. 

Penn Virginia said that the joint venture partners involved with the company will receive their share of the acquired acreage, leaving 3,000 net acres for the company and increasing its total Eagle Ford Shale position to 30,000 net acres.

EOG Resources Reports Monster Eagle Ford Shale Well In Gonzales County

EOG Resources (EOG) reported one of the most productive wells ever drilled into the Eagle Ford Shale in Texas.

The Boothe Unit #10H well had initial production of 4,820 barrels of oil per day, along with 972 barrels of natural gas liquids and 4.5 million cubic feet of natural gas per day.  The Boothe Unit #10H was drilled in Gonzales County, Texas.

Other Eagle Ford Shale wells reported by EOG Resources during the second quarter of 2012 include:

Boothe Unit #9H – 3,708 barrel of oil, 527 barrel of natural gas liquids and 2.4 million cubic feet of natural gas per day.

Dreyer Unit #19H - 3,703 barrel of oil, 460 barrel of natural gas liquids and 2.1 million cubic feet of natural gas per day.

Dreyer Unit #20H – 2,650 barrel of oil, 300 barrel of natural gas liquids and 1.4 million cubic feet of natural gas per day.

Sanchez Energy Corporation - Eagle Ford Shale Project Summary

Sanchez Energy Corporation (SN) recently provided a summary of the company’s three Eagle Ford Shale project areas in Texas.

Palmetto Project - Sanchez Energy has a 50% working interest in 9,400 net acres in Gonzales County, Texas.

Marquis Project - Sanchez Energy has a 100% working interest in 54,900 net acres in Fayette and Lavaca Counties in Texas.

Maverick Project - Sanchez Energy has an 80% working interest in 26,400 net acres in Zavala and Frio Counties in Texas.

Sanchez Energy Corporation estimates that it has 750 net drilling locations into the Eagle Ford Shale with an estimated total resource potential of approximately 250 million barrels of oil equivalent.