Chesapeake’s Eagle Ford Production Set to Top 100,000 boe/d by Year-end

Average Well Came Online at 930 Boe/d in Q3
Chesapeake Eagle Ford Acreage - Drilling Map

Chesapeake Eagle Ford Acreage – Drilling Map | Click to Enlarge

Chesapeake is on pace to surpass 100,000 boe/d of net Eagle Ford production in the fourth quarter. Average production in the third quarter was 211,000 gross (95,000 net) boe/d from the play.

Add back Eagle Ford assets sold to EXCO that produced over 6,000 boe/d during the quarter and Chesapeake would have already surpassed the 100,000 barrel mark. [Read more…]

EXCO’s Eagle Ford Results Are Meeting Expectations – Manufacturing Mode Coming

EXCO Plans to Run 4-5 Rigs to Develop the Eagle Ford
EXCO Eagle Ford Map

EXCO Eagle Ford Map | Click to Enlarge

EXCO Resources completed the acquisition of Eagle Ford assets in the third quarter and ended September producing approximately 7,600 boe/d from the play.

Immediately following the Chesapeake deal, the company sold a 50% interest in the undeveloped portion of acquired assets to KKR for $131 million, so the two are partners with CNOOC in the Eagle Ford. [Read more…]

Chesapeake & EXCO Reach Eagle Ford Deal – $680 Million

KKR Becomes EXCO's Capital Partner & Will Carry A Portion Of Development Costs
Chesapeake Eagle Ford Acreage Map

Chesapeake Eagle Ford Acreage Map Q1 2013 | Click to Enlarge

Chesapeake has agreed to sell approximately 55,000 net acres in Dimmit, Frio, La Salle, and Zavala counties to EXCO Resources for $680 million. The deal adds a new operating area for EXCO. The company currently operates rigs in West Texas, East Texas & North Louisiana, and the Marcellus Shale region.

The sale is part of Chesapeake’s plans to raise $4-7 billion through assets sales in 2013.

The Eagle Ford acreage includes: [Read more…]