U.S. Energy Corp. Provides Operations Update For Buda Limestone Wells

U.S. Energy Corp. Has Non-Operated Interests in Dimmit and Zavala County Acreage
U.S. Energy Corp. Oil & Gas Project Area Map

U.S. Energy Corp. Oil & Gas Project Area Map | Click to Enlarge

This week, U.S Energy Corp. provided its operations update for several of it’s Zavala and Dimmit County wells targeting the Buda Limestone formation, which lies just underneath the Eagle Ford Shale. The Beeler #6H well, located in the company’s Booth-Tortuga acreage block, was completed in March 2014, and had a peak early 24-hour flow back rate of 1,185 boe/d, with a 91% oil yield. The company has a 30% working interest and a 22.5% net revenue interest in 12,457 acres of the Booth-Tortuga acreage block. Contango Oil & Gas Company is the operator.

U.S. Energy Corp. also participates with U.S. Enercorp in approximately 4,243 gross (636 net) acres in the Big Wells acreage block in Dimmit County, TX. The leasehold is contiguous to the southwestern portion of the Booth-Tortuga acreage block.

[Read more…]

Newfield’s Eagle Ford Production Is Set to Surge at Year-end

NFX Plans to Drill 20 Wells and Grow Production 30% in 2014
Newfields Eagle Ford Focus Areas

Newfield’s Eagle Ford Focus Areas | Click to Enlarge

Newfield Exploration’s Eagle Ford production grew 9% from the second quarter to the third quarter to average 8,200 boe/d. Fourth quarter production is expected to surge to more than 12,000 boe/d as well pads in the West Asherton area come online.

Growth in the last few months of the year puts Newfield on pace to grow production 70% year over year. The company’s production is approximately 56% oil, 19% NGLs, and 24% natural gas.

Read more: Newfield Moving to Pad Completions in the Eagle Ford

Newfield is drilling horizontal laterals that range from 5,000-10,000 ft in the West Asherton Field in Dimmit County and has been able to drive well costs down approximately 20% to $7.3 million.

[Read more…]

Forest Oil Will Double Oil Production in 2014 – Securing Eagle Ford Acreage

Now Seeking Opportunites To Add To Their Eagle Ford Acreage Position
Forest Oil Eagle Ford Acreage Map Year-end 2013

Forest Oil Eagle Ford Acreage Map Year-End 2013 | Click to Enlarge

Forest Oil expects to grow company-wide production by 11% next year, with oil production growing 90-100%.

Sales volumes from the Eagle Ford will drive growth. The company expects production from South Texas to more than double to 6,250 boe/d in 2014.

Forest is planning to spend 77% of its $290-310 million capital budget in the Eagle Ford. [Read more…]

Swift Energy Is Pumping More Fluid & Proppant in Eagle Ford Completions

Lower Eagle Ford Proving to be the Most Productive
Swift Eagle Ford Acreage Map

Swift Eagle Ford Acreage Map | Click to Enlarge

Swift Energy is testing higher volumes of fluid and proppant in Eagle Ford well completions. The company’s number of Eagle Ford completions actually slowed to nine in the third quarter, but production grew due to better well performance.

The company’s best well on a boe basis in the third quarter produced over 2,300 boe/d. The completion method utilized on the well included 25% more fluid and proppant. Completion testing didn’t stop there. [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…]

Pioneer Natural Resources Eagle Ford Production Up & Costs Down

Eagle Ford Production On Pace To Eclipse 40,000 boe/d In 2013
Pioneer Eagle Ford Production Chart

Pioneer Eagle Ford Production Chart | Click to Enlarge

Pioneer Natural Resources’ Eagle Ford production was up to 37,000 boe/d in the first quarter.

That’s an increase from 35,000 boe/d in the fourth quarter and a 2012 average of 28,000 boe/d.

Pioneer drilled 37 wells in the quarter and brought 35 of those to production. In total, the company expects to drill 130 wells at a cost of $7-8 million each this year. Those wells will be drilled with just 10 rigs compared to 12 in 2012. [Read more…]

MENU