Eagle Ford Shale

Crimson Exploration Updates Eagle Ford Shale Activity

Crimson Exploration (CXPO) issued an update on the company’s activity in the Eagle Ford Shale. 

Crimson Exploration said that the Littlepage McBride #2H well in Karnes County, Texas, produced at a gross rate of 1,030 barrels of oil equivalent (BOE) per day.  The production was composed of 952 barrels of oil and 465,000 cubic feet of natural gas per day. 

Crimson Exploration also reported that the KM Ranch #1H in Zavala County, Texas, produced at 418 BOE per day composed of 331 barrels of oil and 524,000 cubic feet of natural gas per day.

Other Eagle Ford Shale well reports:

Littlepage McBride #1H – Currently producing 415 BOE per day and 78,000 cumulative since being put onto production.

Littlepage McBride #4H – reached total depth of 16,572 feet.

Littlepage McBride #3H – drilling operations underway.

Crimson Exploration plans to drill the Beeler #1H, KM Ranch #2H and KM Ranch #3H wells into the Eagle Ford Shale in 2011.

Petrohawk Energy Shuts Down Red Hawk Prospect - Was Arthur Berman Right After All?

Petrohawk Energy (HK) ended the company’s development of the Eagle Ford Shale at the Red Hawk prospect located in Zavala County, Texas. 

Petrohawk Energy said that the Red Hawk prospect failed to meet “minimum expectations” during the second quarter of 2011.  The company will reallocate capital spending towards other plays in its portfolio.

Petrohawk Energy had 50,000 net acres under lease at the Red Hawk prospect, and has reported a few wells here over the last year, including the Mustang Ranch C #1H well. This well produced at an initial production rate of 355 barrels oil and 40,000 cubic feet of natural gas per day.

Petrohawk Energy was optimistic on the Red Hawk prospect and had this to say on the area at a conference call in 2010:

“Geologically, the rocks (at Red Hawk) are very, very similar to what we see in Hawkville, but just a little bit thinner. So in terms of petrophysical properties and the things that you want to see in the rock, we are very encouraged. The biggest issue is the perm to oil. This is not condensate -- gas condensate. It’s most likely oil. So that’s what we need to learn as to what kind of rates we can get out of these rocks. But based upon the quality of the rock, I think we have a good chance of having commercial production.”

Is it possible that Arthur Berman isn’t as much of an outlier as the industry wants us to believe?

Crimson Exploration Updates Eagle Ford Shale Activity

Crimson Exploration (CXPO) issued an operational update on the company’s development of the Eagle Ford Shale in Texas.  The company has approved increasing the 2011 capital budget directed towards this play to $78 million, a 30% increase over the previous level.

Zavala County

The KM Ranch #1H well is currently flowing back and the company expects to have results to report in mid August 2011.  The KM Ranch #1H Eagle Ford Shale well was drilled and completed with a 5,800 foot lateral and twenty stages of hydraulic fracturing stimulation.

Crimson Exploration has 2,300 net acres and 147 Eagle Ford Shale drilling location in Zavala County.  The company plans to spud the KM Ranch #2H well in November 2011.  

Karnes County

Crimson Exploration has spud the Littlepage McBride #2H well and expects to begin completion operations in the third quarter of 2011 and report initial production results in September 2011.  

The Littlepage McBride #2H Eagle Ford Shale well is near the Littlepage McBride #1H well, which is currently producing 525 barrels of oil equivalent (BOE) per day and has produced a cumulative 53,000 BOE since starting production.