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.

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.