Bee County, Texas: Eagle Ford Shale Update: Crimson Exploration

By Andrea: http://oilshalegas.com

Crimson Exploration Inc. (CXPO) released a brief update on the Windham #1 test of the Eagle Ford shale in Bee County, Texas. Crimson stated that they are currently drilling and they expect to be finished with the well by mid October, 2010.

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Sabine County, Texas: Bossier shale update

By Andrea: http://oilshalegas.com

Crimson Exploration Inc. (CXPO) recently released an update on their Bruin Prospect Area of the Bossier shale in Sabine County, Texas:

Crimson currently continues to drill in the lateral section of the Gobi #1 (70% WI) in the Bruin Prospect Area. Completion operations are expected to begin in October. The Bengal #1 (37.5% WI), our first well in Crimson's Tiger Prospect Area in Sabine County, is expected to spud in early September.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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San Augustine County, TX: Bossier Shale Update: Crimson Exploration

By Andrea: http://oilshalegas.com

Crimson Exploration Inc. (CXPO) announced today, August 18, 2010 that it completed it's first well in San Augustine County, TX in the mid-bossier shale. Press release below:

In San Augustine County, Crimson Exploration Inc. (CXPO) successfully completed its first operated well in the Bruin Prospect Area. The Grizzly #1 (55% WI) was drilled to a measured depth of 18,100 feet with an approximate 4,200-foot horizontal lateral in the Mid Bossier Shale and was completed with 14 frac stages. The Grizzly #1 continues to clean up and is currently producing at a gross restricted rate of approximately 11.5 MMcfd on a 16/64" choke with around 9,100 psi flowing casing pressure.

Mr. Allan D. Keel, Crimson's President and CEO, stated, "With the successful completion of the Grizzly #1 well, Crimson has validated the reserve potential of the Mid Bossier Shale in its Bruin Prospect Area." Mr. Keel went on to say "based on well performance, we could have flowed the Grizzly well at significantly higher rates but have decided to use industry-best practices for reservoir optimization to maximize ultimate recovery." With respect to the recent successes in the Schwarz #2 and Catherine Henderson A-7 wells, Mr. Keel said, "The successful execution of our Liberty County drilling program continues to provide Crimson with the production and cashflow base that allows us to continue our Haynesville and Eagle Ford Shale development as well as pursue additional growth opportunities within our deep inventory of lower risk, high quality conventional prospects."

The 11.5 MMcfd test rate on the Grizzly well is reflective of Crimson's strategy that restricting rate and pressure drawdown on Haynesville and Mid Bossier Shale wells increases the Estimated Ultimate Recovery (EUR), results in a shallower and more stable decline curve, and delays the need for costly compression. Crimson adopted this strategy based on the experience attained by other operators in this trend, core studies that substantiate the loss of fracture conductivity at higher initial drawdown rates, and service company studies that indicate potential pinching off of available reservoir at higher production rates. Data from wells produced at restricted rates in the trend suggest that although this methodology provides lower production in the first few months of flow, the cumulative production curve compared to higher rate wells crosses in less than a year with the restricted rate wells flowing at higher rates and pressures at the point they cross, substantiating the belief that EUR is benefited at little to no loss of present value.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Liberty County, Texas: Bossier Shale Update: Crimson Exploration

By Andrea: http://oilshalegas.com

August 18, 2010: Crimson Exploration Co. (CXPO) announced today that they successfully completed the Schwarz #2 (65% WI) in the Lower Cook Mountain sand at approximately 15,100 feet. The well is producing at a gross rate of 5.4 MMcfd and 120 Bcpd on a 12/64" choke with flowing tubing pressure of 9,100 psi and has been flowing to sales for approximately one week. This well follows our recently announced Catherine Henderson A-7 well (66% WI) which has been producing since June at a rate of approximately 4.5 Mmcpd and 340 Bcpd. With the production additions from these two important wells, Crimson's current daily net production has increased to approximately 41 Mmcfepd.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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http://www.oilshalegas.com/bossiershale.html

Zavala County, Texas: Eagle Ford Shale

By Andrea: http://oilshalegas.com

Today I researched the Eagle Ford shale in Zavala County, Texas. The following companies are currently operating in Zavala County:

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

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Bee County, Texas: Eagle Ford Shale Update

By Andrea: http://oilshalegas.com

Crimson Exploration Inc. (CXPO) has released an update on the Eagle Ford shale. They will be drilling their first Eagle Ford shale well in Bee County, Texas:

Crimson Exploration Inc. (CXPO)C is currently participating (20% WI) in its first horizontal Eagle Ford Shale well in Bee County, Texas. The Windham #1, operated by Petrohawk, has a rig on location and is expected to spud in the next couple of days. This location is near the Dubose #1 vertical well that Crimson drilled and tested in late 2009. Drilling and completion results are expected in the fourth quarter of this year for the Windham #1. A second well (20% WI) may spud during November 2010 on another portion of Crimson's leasehold in Bee County.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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San Augustine County, TX: Bossier Shale Update

By Andrea: http://oilshalegas.com

Crimson Exploration Inc. (CXPO) released an update on the Bossier Shale located in San Augustine County, TX:

Crimson is currently finalizing the completion of the Grizzly well (55% WI) in its Bruin Prospect Area in San Augustine County, Texas. The Grizzly is the first Crimson-operated well in the Bruin Prospect and has a surface location approximately 2.5 miles south of the Kardell (52% WI) well drilled in 2009. The Grizzly was drilled to a total measured depth of 18,100 feet, which includes a lateral of approximately 4,200 feet in the Mid Bossier Shale. The well was completed with 14 frac stages. Crimson was able to drill and case the Grizzly in 60 days, an improvement of 30 days compared to the Kardell. Flowback operations have commenced, and consistent with our strategy to maximize the ultimate recovery, we are methodically increasing the choke size, and monitoring pressure and rate at each step. We are very encouraged with the pressure and rate response and expect to have the well tested and flowing at a sustained rate in approximately two weeks, at which time the results will be reported. Production during the testing phase is being flowed into the sales line.

The Gobi (73% WI), the Company's second operated well in the Bruin Prospect Area, has reached a total vertical depth of approximately 13,900 feet in the pilot hole with drilling of the 4,500 foot lateral in the Mid-Bossier Shale expected to commence soon. Gobi is located approximately 2 miles northwest of the Grizzly. Initial completion of the Gobi is scheduled to begin in October, with results expected to be announced in November.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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