Eagle Ford Well Record for Natural Gas - Escondido Resources II

Petrohawk Eagle Ford Shale Map

An Eagle Ford well record was recently set by Escondido Resources in the Hawkville Field in Webb County. The company completed the Spohn Ranch 1H well with a 6,975 ft lateral and 25 fracture stages. The well came online at more than 16 mmcfd and produced 0.4 Bcf in the first 30 days online. Escondido now has plans for additional development in the area.

Escondido is also pushing forward developing other horizons in South Texas. The company just completed its first horizontal "Escondido" well. Let's hope for the company's namesake this turns out to be a good investment. The first well indicates it will and the company plans seven follow up wells

The Storey 4H well is located in LaSalle County, Texas. in the Tres Encanto Field, an area also referred to as the White Kitchen Field. In its first 30 days of production, the Storey 4H averaged nearly 400 barrels of crude oil production per day along with 1.2 Mmcf of associated gas per day. The well was completed with eight frac stages over a 4,475-foot lateral.

A McMullen County Olmos formation well was also completed.

In its first 30 days, production from the Nichols 3H averaged more than 300 barrels per day and 1.1 Mmcf of associated gas per day. The well is the third successful horizontal oil well the company has drilled in the prolific AWP Field. The well was completed with 13 frac stages over a 6,667-foot lateral. The company is currently drilling three additional wells in the AWP Field.

Escondido currently produces more than 74 mmcfed from the Eagle Ford, Escondido, and Olmos formations across Webb, LaSalle, and McMullen counties. The company owns approximately 60,000 net acres, with Eagle Ford rights on approximately half that amount.

Read the full press release escondidoresources.com

Escondido Resources Horizontal Eagle Ford Drilling Results - 2011

Escondido Resources II announced well results from the company's 2011 drilling program in South Texas.  Escondido drilled 17 wells in 2011 with an average IP rate of 7 mmcfd. That is not just Eagle Ford wells. The company has drilled a total of 29 wells since 2009, with 18 in the Escondido formation, 7 targeting the Olmos, and 5 targeting the Eagle Ford Shale. All 17 wells in 2011 were horizontal.  The company primarily operates in Northern Webb County targeting the Escondido and Olmos formations, but also operates acreage in La Salle and McMullen counties.  The company owns the deeper Eagle Ford rights on over half its 60,000 net acres in the area.

The jewel of the Eagle Ford wells came online at 10 mmcfd of wet gas in late 2011 and another well that had good log shows is set to be completed in March.

Read the full press release at escondido-resources.com

Texon Petroleum Olmos Well a Success

Texon Petroleum's latest Olmos well came online at 370 barrels of oil equivalent per day. The well is part of Texon's Olmos and Eagle Ford development plans in McMullen County, TX. The Peeler #3 was the 11th well in the Leighton field and all have been successful. This is the second announcement in as many weeks for successful Olmos wells. Swift Energy announced positive results from a horizontal Olmos well just over a week ago.

Texon advises that its recently drilled Peeler #3 (refer to Texon release of 21 July 2011) has begun to flow oil and gas at the gross combined rate of 370 boepd from the Olmos reservoir (comprising 325 bopd and 268 mcfgpd). This is the eleventh well in the Leighton Olmos oil and gas field, all of which have been successful producers. The well will be connected for production to oil tanks and the gas pipeline in the next 2 weeks.

This is a good result as the closest three Olmos production wells, Peelers #1 and #2 and Tyler Ranch #5 tested at initial rates of 170 to 445 boepd. P#3 is the northern most well drilled to date in the Leighton field.

This positive result confirms that the productive Olmos reservoir extends across the northern part of the field and that it contains good quality reservoir further de-risking the 24 undrilled Olmos well locations in the field. The Company has an average 50% working interest (37.5% net revenue interest) in the well.

Swift Energy Olmos Wells Add Another Drilling Target

Swift delivers promising Olmos formation results. The company might have stumbled upon two prolific plays if the results listed below continue across the company's acreage. Both the Eagle Ford Shale and Olmos will be horizontal drilling targets going forward. It will be interesting to see if the Olmos is localized or a true resource play.

In McMullen County, one Eagle Ford horizontal well and two Olmos horizontal wells were completed during the quarter.  The SMR EF 3H, with a lateral length of 4,850 feet was completed in the Eagle Ford shale and had an initial production rate of 1,230 barrels per day (“bbls/d”) of oil, 0.78 million cubic feet of gas per day (“MMcfg/d”) and 60 bbls/d of natural gas liquids, with flowing casing pressure of 1,975 psi on a 18/64” choke.

To date in the third quarter, Swift Energy has fracture stimulated five horizontal wells in South Texas. The R Bracken 40H Olmos well had an initial production rate of 6.2 MMcfg/d, 480 bbls/d of natural gas liquids and 12 bbls/d of oil, with flowing casing pressure of 5,800 psi on a 20/64” choke. The Siddons 3H Olmos well had an initial production rate of 5.1 MMcfg/d and 398 bbls/d of natural gas liquids, with flowing casing pressure of 5,400 psi on a 20/64” choke. The Whitehurst 3H Olmos well had an initial production rate of 608 bbls/d of oil, 1.4 MMcfg/d, and 106 bbls/d of natural gas liquids, with flowing casing pressure of 2,685psi on a 20/64” choke