Coastal Bend Oil & Gas Permits – Nov 27, 2012

Two wildcat permits stick out in this past week's Coastal Bend O&G Report

Texas Railroad Commission

Just eight permits were filed in the Coastal Bend area last week, but a couple of them were interesting.

  • Apache permitted an 11,200 ft well in Nueces County
  • EOG permitted a 12,750 ft horizontal well in San Patricio County

If you have an interest in the area, watch to see if these two wells get drilled. It will be interesting to see if they’re typical Gulf Coast targets or if they are planning to test one of the shale formations in the area. [Read more…]

Eagle Ford Shale in Mexico Needs Private Investment

A two-thirds vote by congress is need to make constitutional amendments to Mexican energy policy

The Eagle Ford Shale in Mexico is still years away from development even though over 5,000 wells have been permitted and more than 2,000 wells are producing on the U.S. side of the border. The difference is a nationalized oil monopoly versus the free market north of the Rio Grande.

Literally hundreds of companies have competed for the right to develop the Texas Eagle Ford, while PEMEX (the national oil company in Mexico) has been forced to standby and wait until the organization has a better understanding of hydraulic fracturing. Only FIVE wells have been drilled to date and 170 wells are planned over the next four years. For reference, there are more than 200 wells being drilled each month in the Texas Eagle Ford. [Read more…]

Bee County Passes $9,500 Well Permit Fee to Fund Road Repairs

Bee County Commissioners passed a resolution that will require Eagle Ford oil & gas operators to pay a $9,500 fee for each approved well permit.  The fee will be contributed to the Bee County Road and Bridge Fund and will be used to make needed repairs in areas of high traffic. Road repairs can cost as much as $50,000 per mile.

There are 18 approved permits, from five companies, in the northern area of the county that will be affected by the new fee. $171,000 will be raised almost immediately.

[Read more…]

Slow Permitting During Thanksgiving Week

Only one Eagle Ford well was permitted last week in the area surrounding Corpus Christi.  Pioneer Natural Resources permitted the 21,000 ft horizontal well in Live Oak County.  20,000 ft wells are becoming more common.  If economics are challenged by lower commodity prices, you can bet extending laterals on larger units will be a way operators increase reservoir drainage to improve economics. [Read more…]

Eagle Ford Well Permitting Up – Reaches 1,000 Producing Wells

Eagle Ford permitting has risen more than 150% over 2010 and the producing well count likely surpassed 1,000 in early October. That’s a quick trip to 1,000 producing wells. There were virtually ZERO in 2008.

With 770 producing wells at the beginning of September and ~ 200 active rigs drilling in the play, we likely eclipsed 1,000 producing wells sometime in early to mid-October.  [Read more…]

Eagle Ford Permits Update July 25,2011

Six oil & gas permits in McMullen County, TX, made it the most active county for new well permits in South Texas over the last week. Also, Pioneer Natural Resources has permitted three 21,000 ft total depth wells in the Sugarkane field in Live Oak County, TX. I’m not sure how long the horizontal portion of the wells will be, but it is definitely pushing past the norm for the Eagle Ford Shale.  [Read more…]