Gulf Coast Western Planning Horizontal Buda Wells in Wilson County

Expect More Drilling Outside of the Eagle Ford as the Play Matures
Gulf Coast Western Logo

Gulf Coast Western

Gulf Coast Western announced in the acquisition of 3,500 acres in Wilson County, Texas.

The company will bypass expensive completions in the Eagle Ford with plans to drill 10 horizontal wells targeting the Buda Limestone.

As more wells are drilled in South Texas, operators will find opportunity in other formations. It will be interesting to see how development programs in plays like the Austin Chalk and Buda perform.

Read more Goodrich Petroleum Buda Limestone Well Yields Impressive Results [Read more…]

Is the Eagle Ford on Its Way to 2 Million Barrels Per Day of Oil Production?

The Play Could Make Texas One of the Most Influential Oil Suppliers in the World
Eagle Ford Production

Eagle Ford Production | Click to Enlarge

Eagle Ford Production has outpaced expectations for five years and it should be no surprise if the area eventually produces more than 2 million barrels of oil per day.

It’s hard to comprehend the full context of the previous statement, so let me state it another way. If the Eagle Ford eventually produces between two and three million barrels of oil per day, the play by itself could land in the list of the top 10 oil producing countries in the world. The entire world produces just under 90 million barrels of oil per day.

Most research organizations predict production will reach between 1.6 and 2 million b/d sometime between 2017 and 2020. Recent results in the Buda and Austin Chalk make it easy to see how the area could produce much more if other formations prove commercial. Add the Permian Basin, where Texas is experiencing similar growth, and the state is closing in on Mexico as the third largest producer in North America (behind the U.S. and Canada) [Read more…]

Crimson Exploration Merges With Contango Oil

Combined Company Will Keep The Name Contango Oil
Contango Oil - Crimson Exploration Combined Assets

Contango Oil – Crimson Exploration Combined Assets | Click to Enlarge

Crimson Exploration and Contango Oil announced the companies will merge at the end of April. The new Contango Oil gains exposure to the Eagle Ford in several counties across South Texas.

The combined company will have the option to develop or explore Eagle Ford acreage in Dimmit, Karnes, Liberty, Madison, and Zavala counties. [Read more…]