Eagle Ford Shale

Crimson Exploration Reports Eagle Ford Shale Well

Crimson Exploration (CXPO) reported the completion of an Eagle Ford Shale well on its acreage in Zavala County, Texas. 

The KM Ranch #2H well produced at a gross initial rate of 511 barrels of oil equivalent (BOE) per day, with 457 barrel of oil and 326,000 cubic feet of natural gas per day.  This Eagle Ford Shale well was drilled and completed with a 5,250 foot lateral and a 16 stage hydraulic fracturing operation.

Crimson Exploration has 6,550 net acres prospective for the Eagle Ford Shale in Zavala and Dimmit counties in Texas. The company plans to use 7,000 foot laterals on future Eagle Ford Shale wells here.

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.

Chesapeake Energy Updates Eagle Ford Shale Operations

Chesapeake Energy (CHK) reported an update on its operations in the Eagle Ford Shale during the fourth quarter of 2011. 

Chesapeake Energy reported average daily production of 17,700 barrels of oil equivalent (BOE) per day in the final quarter of 2011.  This was a 60% sequential increase and a 370% increase on a year over year basis. The company is currently producing 45,500 gross BOE per day and 22,600 net BOE per day from the Eagle Ford Shale.

Chesapeake Energy said that the company’s production mix was approximately 50% crude oil, 20% natural gas liquids and 30% natural gas.

Chesapeake Energy has 178 producing wells in the Eagle Ford Shale and a backlog of nearly 200 wells in various stages of drilling and completion. The company ended 2011 with seven hydraulic fracturing crews and plans to have 11 by March 2012 and 13 by the end of 2012.