Halcon Resouces’ Record Eagle Ford IP Comes From Step Out Well – Nears Acreage Target

Working Toward the Optimal Drilling & Completion Design
El Halcon Eagle Ford Play Map

El Halcon Eagle Ford Play Map | Click to Enlarge

Halcon Resources set an initial production record from an Eagle Ford well in Brazos County that is a five mile step out from the nearest producing well. The Stasny-Honza 1H came online producing 1,262 boe/d.

Halcon has three rigs working in the area and plans to have four rigs active through 2014. The company spudded 13 wells and brought 19 wells to production in the third quarter. Net production from the area grew to 6,500 boe/d from 31 wells during the quarter. Eight wells are waiting to be completed and three wells are being drilled. [Read more…]

Marathon Oil Expects to Exit 2013 Producing 100,000 boe/d from the Eagle Ford

Drilling & Completion Costs Are Down More Than 20% Since Q3 2012
Marathon Oil Eagle Ford Acreage Map & Improving Well Performance

Marathon Oil Eagle Ford Acreage Map & Improving Well Performance | Click to Enlarge

Marathon Oil’s Eagle Ford production averaged more than 90,000 boe/d at the end of October and is on pace to eclipse more than 100,000 boe/d by year-end 2013. Another important note is that more than 70% of oil production is now being transported by pipelines. [Read more…]

Marathon Oil’s Eagle Ford Production Jumps 11% – Other Plays Look Promising

Eagle Ford Spud To Total Depth Drilling Time Falls To 12 Days
Marathon Oil Core Eagle Ford Acreage

Marathon Oil Core Acreage | Click to Enlarge

Marathon Oil’s Eagle Ford production jumped 11% to 80,000 boe/d during the second quarter.

Marathon drilled 82 gross Eagle Ford wells and brought 70 wells to production over the three month period. Marathon averaged more than three wells per Eagle Ford pad and 85% of its wells were drilled from pads in the second quarter. The company’s spud to total depth drilling time as fallen to 12 days and spud-to-spud time averaged 18 days. [Read more…]

Halcon Allocating More Capital To Its Brazos County Eagle Ford Development

Recent Eagle Ford Wells Producing More Than 1,000 boe/d (90+% oil)
Halcon Eagle Ford Activity Map

Halcon Eagle Ford Activity Map | Click to Enlarge

Halcon announced plans to spend $100 million targeting the Eagle Ford in Brazos County in 2013 just two months ago. Now, the company might spend double or triple that number.

The company didn’t say how much more capital would be allocated to the play, but said “capital is being reallocated to El Halcon from the Woodbine…” [Read more…]

Goodrich Petroleum’s Eagle Ford Drilling Time Down To 10 Days

Thick Pay Zone Allows GDP To Drill Horizontal Lateral Faster
Goodrich Petroleum Eagle Ford and Pearsall Activity Map

Goodrich Petroleum Eagle Ford & Pearsall Activity Map | Click To Enlarge

Goodrich Petroleum has driven its drilling time down to ten days for wells with 6,000 ft laterals. That equates to 13 days from spud to rig release and 20 days spud-to-spud.

That’s almost 60% less than what Goodrich was doing two short years ago. Faster drilling has led to a larger number of drilled, but uncompleted wells. Goodrich now has 9 gross (6 net) wells waiting to be completed. [Read more…]

Anadarko’s Eagle Ford Well Costs Down Below $6 Million

Brasada Processing Plant Coming Online In Late May Or Early June
Anadarko Eagle Ford Acreage Map

Anadarko Eagle Ford Acreage Map | Click to Enlarge

Anadarko’s Eagle Ford production is up 55% from one year ago to 42,200 boe/d. Liquids volumes account for 28,000 b/d of production and grew even faster at a rate of 60% over the past year. [Read more…]