SM Energy Plans 100 Operated Eagle Ford Completions in 2014

SM Energy Eagle Ford Map
SM Energy Eagle Ford Map

SM Energy plans to spend $900 million in the Eagle Ford in 2014.

Approximately $650 million is planned for the company's operated position where 100 Eagle Ford completions are expected. An additional $250 million will be spent on acreage operated by Anadarko.

The company's costs carry from Mitsui will be exhausted in the first half of the year. From that point, SM Energy will be responsible for its working interest share of costs.

Read more:SM Energy and Mistsui Agree to Eagle Ford Joint Venture

Five rigs and two dedicated frack crews will run on the company's operated acreage. Operated activity in 2014 will be split between Galvan Ranch and Briscoe Ranch.

We anticipate that our announced program will generate strong returns and will allow SM Energy to post another record year of production in 2014.
— Tony Best, CEO

Read more at sm-energy.com

Rosetta Resources Plans Eagle Ford Development at 55-Acre Spacing at Gates Ranch

Rosetta Eagle Ford Map | June 2012
Rosetta Eagle Ford Map | June 2012

Rosetta Resources continues to evaluate its well spacing tests across the Eagle Ford, but results to date show no interference from wells tested at 425-565 ft apart or 50-65 acre spacing. Without signs of interference, the company is going forward with development at 55-acres spacing. The lower down-spacing interval will allow the company to drill 428 wells across its Gates Ranch properties; a 29% increase.

Rosetta expects it had approximately 800 net wells to be completed throughout its Eagle Ford position at the end of 2011. Over 30% of those are located in the Gates Ranch area of Webb County where the company has two rigs running continually. The company's rigs are spread throughout the Briscoe Ranch, Central Dimmit County and the company's Karnes County acreage.