Rosetta is Proving Eagle Ford Acreage – Growing Production

55-acre spacing at Gates Ranch continues to yield promising results
Rosetta Resources Eagle Ford Shale Activity Map

Rosetta Resources Acreage & Rigs | Click to Enlarge

Rosetta Resources tested a 8,100-acre tract for the first time in the third quarter of 2012. The Lasseter & Eppright 1 well is located in central Dimmit County (oil window). The well has a 5,404-ft lateral and was completed with 15 frac stages. In the first seven days online, the well produced 667 b/d of oil, 1.8 mmcfd of residue gas, 262 b/d of NGLs for an equivalent rate of 1,228 boe/d. I’ll step out on a limb and say more than 1,000 boe/d is really good sign. We’ll likely see the company attribute additional wells to its development program in this area in the coming months. [Read more…]

Marathon Oil Brings on Record Well – Drilling 255 Eagle Ford Wells in 2012

Burrow 2-H in Gonzales County produced at a peak 24-hour rate of 6,275 boe/d
Marathon Eagle Ford Acreage Map - July 2012

MRO Eagle Ford Acreage Map | Click to Enlarge

Marathon Oil reported earnings today and impressive Eagle Ford results accompanied the news. Marathon has driven Eagle Ford drilling times down to 24 days across its acreage and has increased the number of wells it expects to drill by 20 to 250-260 in 2012.

“Our investment in the Eagle Ford shale a little more than a year ago, and our bolt-on acquisitions since then, continue to deliver value beyond original expectations. Not only have we improved the speed and efficiency of our drilling and completions there, we also continue to optimize well spacing which could significantly increase drillable locations and recoverable reserves. [Read more…]

Chesapeake Selling Eagle Ford Acreage in the Northern Block

Capital constraints have CHK focused on only the highest rate of return areas
Chesapeake's Eagle Ford Northern Block

Chesapeake’s Eagle Ford Northern Block | Click to Enlarge

Chesapeake’s Eagle Ford assets will be trimmed down as the company’s focuses on its core areas of development. As part of the company’s “core of the core” strategy, they will divest areas of the Eagle Ford that might not be held by production as leases expire. Chesapeake is simply capital constrained. [Read more…]

Anadarko’s Eagle Ford Drilling Time Continues to Fall

Gross production surpasses 100,000 boe/d
Anadarko's Third Quarter Production Chart - Southern Region

APC Eagle Ford Production Chart | Click to Enlarge

Anadarko Petroleum’s average drilling time in the Eagle Ford continues to fall. In the third quarter, the company drilled 28 wells that had a spud to rig release time of less than 10 days. The company’s record still stands at near 6 days, but the overall fleet is getting more efficient and company averages are approaching old records.

Anadarko has nine rigs, one spudder rig, and three completion crews dedicated to Eagle Ford development.

During the quarter, Anadarko’s production from the area grew to 36,400 boe/d net. That’s more than 100,000 boe/d on a gross basis! Daily gross processed production averaged 112,000 boe/d for the quarter. That’s impressive considering Eagle Ford production was near ZERO two years ago.

Anadarko also installed booster turbines at primary delivery points in its gathering system and has increased its ability to deliver sales volumes uninterrupted.


Comstock’s Restricted Choke Program Proving Successful

Comstock Resources’ restricted choke program is showing early success in the Eagle Ford Shale. The company’s first 19 wells tested came online at 24-hour peak production rates of 782 boe/d and averaged 584 boe/d for the first 30 days and 514 boe/d for the first 90 days. That’s a drop of less than 35% from the peak 24-hour rate to the 90 day rate.

Read more at our Comstock Resources Eagle Ford page. [Read more…]

Anadarko’s Eagle Ford Resource Estimate Swells to 600 mmboe

Gross Resource Estimates Easily Surpass 1 Billion Barrels Equivalent

Anadarko Petroleum increased the number of identified Eagle Ford well locations to 4,000 and increased its resource estimate to 600 million barrels of oil equivalent.  That means total resource from the company’s 400,000+ gross acres will stretch to more than 1 billion boe. Anadarko is partnered with KNOC across its Eagle Ford acreage.

Anadarko also reached record production in the quarter. The company averaged more than 30,200 boe/d for an entire week. Sales volumes averaged 12,000 b/d of oil, 6,000 b/d of NGLs, and 59 mmcf/d of natural gas during the quarter. [Read more…]