U.S. Energy‘s upstream properties are located in the Bakken, Eagle Ford, and onshore Gulf Coast. The company didn’t provide well results, but did give an update on the progress of two wells: [Read more…]
Crimson Exploration announced drilling success in both Karnes and Zavala Counties. The company’s Karnes County well came online at more than 1,000 barrels of oil equivalent per day and was completed through a 4,200 ft horizontal lateral with 15 frac stages. Future well test that are planned will have longer laterals and additional frack stages.
The company also completed a well in Zavala County where U.S. Energy Corporation is a partner. The well initially had issues with too much water production, but the companies were able to plug the water producing portion of the well and bring it back to production at more than 400 barrels of oil equivalent per day. That’s a win for a well that could have been written off for too much water production. [Read more…]
US Energy Corp and Crimson exploration have reached another participation agreement in the Eagle Ford Shale. US Energy now has over 3,500 acres with the potential for 70 gross and more than 20 net wells in Dimmit and Zavala counties. [Read more…]