Monday, September 13, 2010

McMullen County, Texas - Eagle Ford Shale Update

By Andrea:

Petrohawk Energy Corp. (HK) recently completed a well in the Eagle Ford shale located in McMullen County Texas:

Antares Energy is pleased to advise Petrohawk Energy Coroporation has completed the first well in the Term Assignment Area , the Donnell 457 No. 1H. The well had an initial, 24-hour production rate of 563 bo/d and 3,628 mcf/d equating to a rate of 1,168 boe/d. The well had a flowing tubing pressure of 4,580 psi on a restricted 16/64” choke.

The Donnell 457 No. 1H was completed over a measured depth interval between 12,062 ft and 15,871 ft with over 3,000,000 pounds of proppant and 2,700,000 gallons of fluid.

Additionally, Petrohawk has commenced drilling operations on the second Term Assignment well, the Dilworth No. 1H. The Dilworth No. 1H is a direct downdip offset to the Frances Dilworth No. 2H and is planned to be the longest Eagle Ford shale horizontal well to date with a lateral length of over 8,000 ft.

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