Abraxas Petroleum Eagle Ford Well Results – September

Abraxas Petroleum provided an operations update on the Eagle Ford. The company’s first well in DeWitt County produced more almost 260,000 barrels equivalent in the first seven months and is currently producing 800 barrels of oil equivalent per day. A Talisman operated well, in which the company has an interest, came online in mid-August producing 1,500 barrels of oil equivalent per day after the companies completed a 14 stage frac stimulation. Abraxas is completing a horizontal well with 18 frack stages in Atascosa County and plans to drill two wells in McMullen County before year end.

Abraxas has over 12,000 net acres that stretch across Atascosa, DeWitt, Lavaca, and McMullen counties. The company reports having as many as 75 net drilling locations on 160-acre spacing. [Read more…]

Global Petroleum – Texon Testing 17 Fracks in McMullen County

Global Petroleum announced more details on Texon’s lastest wells in the Eagle Ford. What is Texon’s third well was completed with 17 frack stages instead of the 15 used in previous wells. Watch to see if production results increase accordingly.

It’s an interesting puzzle finding the right number of frack stages at the right costs.  [Read more…]

Texon Eagle Ford Well Results and Reserves Growth of 50%

Texon Petroleum is taking a mid-year hike of 50% in its Eagle Ford Shale reserves bookings. The increase is attributable to the company’s two producing wells and two wells awaiting completion.

The company stated that 88% of its Eagle Ford reserves are oil and gas liquids.  The company now has almost 900,000 barrels of proved reserves and estimates total proved, probable, and possible reserves total 8,423,000 barrels.

The two wells the company has producing came online at 785 barrels of oil equivalent per day and 600 barrels of oil equivalent per day over the first 15 days of production, respectively. That’s above average for McMullen County wells close to Texon’s property. The wells were completed with 15 frack stages, with the less of the two wells only have 12 effective fracks.  [Read more…]