Laredo Energy – Record Eagle Ford Production in Webb County

Eagle Ford Shale gas wells are performing above expectations for Laredo Energy in Webb County, TX. The company provided an update on its operations today. Eagle Ford Shale production reached 40 mmcfd following the completion of two new wells and the company has three wells awaiting completion in late August. Those three wells that will likely increase production beyond current levels. 

Laredo release the production information after the Puig 3H, and the Bruni-Summers 1H wells were tied into the EEG system. “We now have 25 horizontal completions in Webb County, where we have a 120,000 acre position,” said Glen Hart, Laredo Energy’s president and CEO. “We are continuing to develop our Eagle Ford position while adding horizontal completions in the shallower Austin Chalk, Olmos, and Escondido formations.

Laredo Energy currently has 16 horizontal wells producing in the Eagle Ford Shale. three in the Austin Chalk formation, one in the Olmos and five in the Escondido formation.

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Read the full press release at laredoenergy.com

 

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Kenneth E. DuBose

Kenneth E. DuBose

Kenneth DuBose is the past President of Cheyenne Minerals Inc., an independent oil and gas operator. He began his energy industry career with ARCO Oil & Gas. Mr. DuBose then directed development of natural gas storage projects with Tejas Power Corp. He was a founding member of U.S. Minerals, (acquired by Torch Energy in 1999) a provider of internet based education for America’s mineral owners. Mr. DuBose holds a BS in Petroleum Engineering from Mississippi State University. He has served on various industry steering committees, non-profit boards, and is an active member of the Society of Petroleum Engineers, the National Association of Royalty Owners, the American Association of Professional Landmen, as well as being a Registered Investment Advisor. He writes on topics of oil and gas investing, wealth management and personal finance, having appeared in the Wall Street Journal, Kiplinger’s, Kiplinger’s Personal Finance, Houston Business Journal, Financial Advisor and various radio and TV outlets.
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