Hawkwood Energy Acquires East Texas Eagle Ford Acreage

Assets Located Primarily in Brazos and Robertson Counties
Brazos County Eagle Ford Shale Map

Brazos County, TX

Denver-based Hawkwood Energy, announced in early July of 2014 its entrance into the Eagle Ford with the acquisition of producing and non-producing assets in East Texas.

The deal includes 50,000 generally contiguous net undeveloped acres and approximately 1,800 b/d of current oil production, according to company officials. Development of the acquired assets has either targeted or will be prospective for the Eagle Ford Shale and Woodbine formations. The assets extend across Brazos, Leon, Madison and Robertson Counties.

Hawkwood acquired the assets in two separate transactions for undisclosed amounts from Crimson Energy Partners III and Encana Oil & Gas (USA) Inc. The deal with Crimson was mostly for acreage in Brazos County, and Encana’s assets included in the transaction were located primarily in Robertson County.

“We are excited about the growing unconventional activity in the Eagle Ford and Woodbine, as well as the other long term multi-pay opportunities the area has to offer,” said Hawkwood Energy CEO Patrick Oenbring.

Encana Divesting East Texas Assets

Encana has historically been a major industry player for natural gas production, but recently began selling many of its non-core assets to focus on liquids-rich shale fields. Some of those non-core assets were in East Texas, and in April of 2014, Encana announced the sale of approximately 90,000 net acres in Leon and Robertson Counties for $530 million. Company officials did not name a buyer for this transaction, and the deal is expected to close in the third quarter.

In June of 2014, Encana closed on its acquisition of 45,500 net acres in the oil window of the Eagle Ford in South Texas from Freeport-McMoran for $3.1 billion. This newly acquired acreage for Encana represents a new core area.

Read more: Encana Purchases Eagle Ford Assets from Freeport-McMoran – $3.1 Billion

Read more at hawkwoodenergy.com

GE – Vess Oil Acquire Woodbine & Eagle Ford Acreage From Enervest – $108 Million

Gains 13,000 Net Acres in Brazos, Grimes, and Madison Counties
Vess Oil Operations Map

Vess Oil Operations Map | Click to Enlarge

GE and Vess Oil have partnered to acquire 13,000 net acres in Brazos, Grimes, and Madison counties from EnerVest for $108 million.

The acreage is producing from the Woodbine and prospective for the Eagle Ford Shale. [Read more…]

Crimson Woodbine Well In Madison County Impresses

Also Testing The Buda Formation In Dimmit County
Crimson Woodbine Acreage Map

Crimson Woodbine Acreage Map | Click to Enlarge

Crimson’s latest Woodbine well came online at an impressive rate of production.

The Nevill-Mosley #1H came online at 1,164 boe/d or 1,021 b/d of oil and 77 b/d of NGLs, and 392 mcfd. The well was drilled 15,192 ft, including a 6,041 ft lateral, and was completed with a 22-stage fracture completion. [Read more…]

Crimson Exploration Merges With Contango Oil

Combined Company Will Keep The Name Contango Oil
Contango Oil - Crimson Exploration Combined Assets

Contango Oil – Crimson Exploration Combined Assets | Click to Enlarge

Crimson Exploration and Contango Oil announced the companies will merge at the end of April. The new Contango Oil gains exposure to the Eagle Ford in several counties across South Texas.

The combined company will have the option to develop or explore Eagle Ford acreage in Dimmit, Karnes, Liberty, Madison, and Zavala counties. [Read more…]

SM Energy Expects Eagle Ford Condensate Discount – Interruptible Gathering

Eagle Ford Production Up 74% From Q1 2012
SM Energy Operated Eagle Ford Acreage Map

SM Energy Operated Acreage | Click to Enlarge

SM Energy expects its Eagle Ford condensate production will realize a long-term average discount of $7-8 to NYMEX prices. Oil production in the region averaged price realizations of 101% and 103% of WTI in the fourth quarter of 2012 and first quarter of 2013, respectively. [Read more…]

Is the Eaglebine Ready To Take Off?

Drilling in 2013 Will Determine The Extent Of The Play
Halcon Resources Eaglebine Map

Halcon Resources Lease Map

Drilling results in the Eaglebine have been relatively quiet, but operators have leased aggressively in Brazos, Leon, Madison, Walker, and Grimes counties for a few years now. [Read more…]