Eagle Ford Shale

Newfield Exploration Company Updates Eagle Ford Shale Activity

Newfield Exploration Company (NFX) has 230,000 net acres under lease in the Maverick Basin in South Texas and started testing a well design that incorporated super extended laterals in early 2012.

Newfield Exploration Company has drilled three successful wells in Dimmit County that used laterals of 7,500 feet and reported initial gross production rates of 750 to 1,020 barrels of oil equivalent (BOE) per day from these wells.  The company has become more efficient at drilling these wells and reported that a recent super extended lateral well was drilled and cased in 12 days.

Newfield Exploration Company estimates that wells drilled with super extended laterals into the Eagle Ford Shale will have an estimated ultimate recovery (EUR) of 500,000 barrels. The company plans to drill six more of these wells in 2012 and estimates that these wells can be drilled at a gross cost of $8 million each.

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.

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.