Petrohawk announces Eagle Ford Shale gas discovery in South Texas. The company is leveraging its shale gas experience into the growing shale business in South Texas. Initial results indicate the Eagle Ford will produce more liquids than the Haynesville and Fayetteville. The company's discovery well is part of a 100,000 acres holding in La Salle County, TX.
"This new field in La Salle County, Texas, was discovered after extensive regional subsurface and seismic mapping, geochemical analysis and petrophysical study. The Company has leased over 100,000 net acres in what it believes to be the most prospective areas for commercial production from the Eagle Ford Shale. The field is located immediately south of the Stuart City Field, which is on the Edwards Reef Trend that extends across South Texas."
" 'This discovery folds perfectly into our portfolio of unconventional resource assets,' said Dick Stoneburner, Chief Operating Officer. 'Petrohawk's staff has extensive experience in the acquisition and development of horizontal plays as exhibited by our results in the Haynesville Shale and Fayetteville Shale plays. Leveraging that expertise to uncover new opportunities like the Eagle Ford Shale adds significantly to our playbook.' "