Austin Exploration Eagle Ford Well with Halcón Resources Has Good Initial Production (IP) Rates

Austin's Burleson County, TX Well Had Initial Production of 1,066 boe/d (87% oil)
Austin Exploration Eagle Ford Acreage Map

Austin Exploration Eagle Ford Acreage Map | Click to Enlarge

Australian-based Austin Exploration saw good initial production (IP) rates from its’ first Eagle Ford well with farmee partner

Halcón Resources in late March 2014 of 1,066 boe/d (87% oil). The well (Stifflemire #1H) was drilled to a total depth of 17,000 feet with an 8000 foot horizontal leg into the Eagle Ford Shale.

Austin Exploration entered the Eagle Ford in 2011, and in May 2013 announced a farm-out program with Halcón, whereby Halcón agreed to pay for the cost of three horizontal wells to earn a 70% interest in 4,400 acres of Austin’s Birch Project. The cost to drill these wells is approximately $10 million per well.

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Swift Energy Reveals Initial Production Rates for Six Eagle Ford Test Wells

Company Officials Say IP Rates from Test Wells Indicate More Predictable Growth Profile in Acreage
Swift Eagle Ford Acreage Map

Swift Eagle Ford Acreage Map | Click to Enlarge

Swift Energy tested three Eagle Ford wells in the Fasken area of Webb County, with average initial production (IP) rates of 22.1 mmcf/d. The Company has identified an additional 50-60 undeveloped lower Eagle Ford locations in the Fasken area and expects future well costs to be approximately $7.5 million. The company is currently in the negotiations process for a joint venture in this area to accelerate development.

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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…]

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