Most Read Eagle Ford Stories in 2012

Company Expansions and Announcement Dominated Headlines
Eagle Ford Shale Well Map

Eagle Ford Shale Well Map Dec 2012 | Click to Enlarge

As we reviewed 2012, we compiled a list of the most popular stories. We thought you might enjoy them as well:

We wish everyone a happy and prosperous 2013. In the past year, we watch the EagleFordShale.com reach expand to almost half a million readers. If you are looking to grow your business in South Texas, make sure to visit our Eagle Ford Advertising page.

 

Chesapeake’s Operating Plan | Natural Gas Loss = Eagle Ford Gain

Chesapeake Energy is planning to reduce the company’s natural gas rig count across the U.S. and shut in natural gas production in response to low prices. The operated, dry gas, rig count will decrease by 50 rigs to 24 in 2012 from 75 in 2011. The company is also shutting in production of 0.5 Bcfd. That’s a little less than 1% of U.S. supply, but it’s a good start in helping remedy $2 natural gas prices.

The rigs will be moved to liquids-rich areas that are supported by more valuable oil, condensate, and NGL production. The Eagle Ford is a likely beneficiary. While the change shouldn’t be substantial, don’t discount the value of the play’s liquids production in times of low gas prices. Chesapeake is likely one of many that will make similar moves. [Read more…]

GeoResources Sells Atascosa Acres – Focusing in Fayette and Gonzales

GeoResource sold 1,800 acres in Atascosa County in late 2011 and plans to focus its efforts in southwest Fayette County and northeast Gonzales County.

The company has drilled seven wells to date and has two rigs that will continue Eagle Ford drilling. A recent well in Gonzales County reached a total measured depth of 14,700 ft in 24 days. The company’s current well costs run $8.5-9 million and batch completions will be used to help drive costs down further.   [Read more…]

Goodrich Petroleum Plans Eagle Ford Growth in 2012

Goodrich Petroleum’s Eagle Ford assets will be the beneficiary of $155 million in capital spend on 29 gross (19 net) wells in 2012. The company’s assets are centered in Frio and La Salle counties.

Oil directed activity will be concentrated in the Eagle Ford Shale trend with $155 million allocated to 29 gross (19 net) wells (which assumes a combination of 6,000 to 9,000 foot laterals), and the Tuscaloosa Marine Shale trend, with $20 – $45 million allocated to 4 gross (2 net) to 6 gross (4 net) wells.

[Read more…]

Forest Oil Dropping to 1 Rig in 2012

Forest Oil will develop its Eagle Ford assets utilizing 1 rig in 2012. That’s down from two running in past months. The company plas to spend a total of $550-600 million next year, with most of its budget allocated to the Granite Wash and other properties in the Texas Panhandle. [Read more…]

Comstock Adds Eagle Ford Acreage – Release Well Results

Comstock Resources added 6,000 acres to its position in October and disclosed well results from its drilling program over the past year. Read the full update at the Comstock Resources Eagle Ford page.

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