Eagle Ford Shale

Magnum Hunter Resources Reports Completion Of The Southern Hunter #1-H Well In The Eagle Ford Shale

Magnum Hunter Resources (MHR) updated the status of the Southern Hunter #1-H, a well recently completed into the Eagle Ford Shale in Gonzales County, Texas.

The Southern Hunter #1-H well was started in October 2010 and drilled to a vertical depth of 11,779 feet, and with a 4,460 foot horizontal lateral.  This Eagle Ford Shale well was completed with a fourteen stage hydraulic fracturing operation, and is currently producing 1,225 barrels of oil equivalent (BOE) per day, along with 212 barrels per day of water.

Magnum Hunter Resources estimates that the Southern Hunter #1-H well will have an estimated ultimate recovery (EUR) of 500,000 BOE.  The company is the operator of the well and owns a 50% working interest in this Eagle Ford Shale well.

Magnum Hunter Resources Reports Status Of Eagle Ford Shale Wells

Magnum Hunter Resources (MHR) released an operational update on its activities in the Eagle Ford Shale. 

The Southern Hunter #1-H well is located in Gonzales County and is currently being drilled.  The company has scheduled a completion operation on this well in December 2010. Magnum Hunter Resources is the operator of the well and has a 50% working interest in the Southern Hunter #1-H well.

The Cinco Ranch #2-H well is located in Gonzales County and was spud on November 2, 2010.  This is a non-operated well for Magnum Hunter Resources and the company has a 50% working interest in the Cinco Ranch #2-H well.

The Lagunillas Camp #1-H is located in Atascosa County and is currently undergoing a fifteen stage hydraulic fracturing operation.  Magnum Hunter Resources expects first production on November 20, 2010.  This is the company’s first well in Atascosa County and Magnum Hunter Resources has a 100% working interest.

The Lagunillas Camp #2-H is located in Atascosa County and is currently being cleaned up after a completion operation.  The company expects production to be approximately 500 barrels of oil equivalent per day.

Magnum Hunter Resources reported earlier an initial production rate of 605 barrels of oil equivalent per day on the Gonzo Hunter # 1-H well.