Cabot Oil & Gas' Eagle Ford acreage in the Buckhorn area of Frio and La Salle counties will likely be developed on 55-acre well spacing (or less). Two wells tested at 400 ft spacing between 5,900 ft laterals came on line at 790 boe/d. At lower spacing intervals, Cabot has 550-700 Eagle Ford locations in the Buckhorn area alone. That compares well to the previous seven development wells drilled in the Eagle Ford that came online at 860 boe/d. When compared to the average of all 30 wells Cabot has drilled, these were better. The company didn't attribute the improvement to any one factor, but better completion designs developed at the end of last year likely played a role.
This won't be the last time you hear about operational improvements from companies. Expect major efficiency gains in 2012. Operators are just beginning to hit their stride.
Check out the company's acreage map and read more about their position at Cabot's Eagle Ford page.