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…]

EOG’s Best Eagle Ford Well Produces 6,500 boe/d – Ups Production Growth Outlook

The company will drop to 20 rigs running the remainder of the year after drilling time drops to 14 days
EOG Eagle Ford Shale Map

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EOG Resources’ Eagle Ford assets continue to deliver. The company brought on the largest producing well in the play to date in the second quarter. The Gonzales County Boothe Unit #10H came on line at 4,820 bpd of oil, 972 bpd of NGLs, and 4.5 mmcfd of natural gas. That’s more than 6,500 boe/d from one well. Better yet, the Boothe Unit #9H, an offset well in the same unit, produced over 4,600 boe/d when it came online.

Drilled from the same pad as the Boothe wells to minimize costs, the Dreyer Unit #19H and #20H were turned to sales at initial rates of 3,703 and 2,650 Bopd with 460 and 300 Bpd of NGLs and 2.1 and 1.4 MMcfd of natural gas, respectively. EOG has 100 percent working interest in these four wells.

Enterprise Expansions Add Marketing Options for EOG

[Read more…]

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