By Andrea: http://oilshalegas.com
Petrohawk Energy (HK) currently owns 87,000 net acres in the Eagle Ford shale of Zavala County, Texas. They completed the Ranch C #1H well in 2Q 2010 with a production rate of 350 barrels of oil/day. They plan to spud their third well in Zavala County by the end of 2010.
Crimson Exploration (CXPO) owns a 95% working interest in roughly 4,600 gross acres in southeast Zavala County, Texas. Activity has increased greatly in the Eagle Ford Shale in the oil corridor of the play for Crimson. They are in the process of reviewing the area for potential late 2010 or early 2011 drilling activity.
Chesapeake Energy Corp. (CHK) has increased its acreage position in the Eagle Ford Shale to 550,000 net acres, an increase of 150,000 net acres from the first quarter of 2010. Chesapeake Energy has drilled and completed 7 gross wells to date on its acreage in the Eagle Ford Shale, and estimates that it will operate an average of 5 rigs during 2010. Their most recent well completed in Zavala County, the Traylor North 1H, produced 300,000 cubic feet of natural gas per day and approximately 930 barrels of oil per day.
Doxa Energy currently operates on 1,138 net acres in Zavala County, Texas in the Eagle Ford shale. They plan to spud their first well by Q3 2011.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
