Magnum Hunter Resources Eagle Ford operational update from the fourth quarter included the company's best well to date. The Snipe Hunter #1H, in Lavaca County, was drilled to a total measured depth (TMD) of more than 16,000 ft and produced over 2,000 boe/d in the first 24 hours. Magnum Hunter is having success testing longer laterals with additional frack stages. The Snipe well included a horizontal lateral that extended over 6,000 ft. The company provided details for all four wells that were completed before year-end 2011:
- The Furrh #2H which was drilled to a measured depth of 15,876 feet (horizontal lateral length of 5,945 feet), was fraced with 20 stages and placed on production November 11, 2011. The 24 hour flowing initial production rate ("IP") was 1,275 Boepd on a 19/64" choke with 1,680 psi FCP. Magnum Hunter operates the Furrh #2H and owns a 50% working interest.
- The Kudu Hunter #1H was drilled and cased to a measured depth of 16,412 feet (horizontal lateral length of 5,696 feet), and was fraced with 20 stages in mid-November. The 24 hour IP rate was 1,590 Boepd on a 22/64" choke with 2,200 psi FCP. The Kudu Hunter #1H was placed on production November 26, 2011. Magnum Hunter operates the Kudu Hunter #1H and owns a 46.3% working interest.
- The Snipe Hunter #1H was drilled and cased to a measured depth of 16,202 feet (horizontal lateral length of 6,094 feet), and was fraced with 23 stages in late December. The 24 hour IP rate was 2,033 Boepd on a 20/64" choke with 2,100 psi FCP. The Snipe Hunter #1H was placed on production December 30, 2011. Magnum Hunter operates the Snipe Hunter #1H and owns a 50% working interest.
- The Leopard Hunter #1H was drilled and cased to a measured depth of 16,936 feet (horizontal lateral length of 6,708 feet), and was fraced with 25 stages in early January. The 24 hour IP rate was 1,333 Boepd on an 18/64" choke with 1,700 psi FCP. The Leopard Hunter #1H was placed on production January 8, 2012. Magnum Hunter operates the Leopard Hunter #1H and owns a 50% working interest.