Eagle Ford Shale - LaSalle Frio County Texas Oil Wells

By Tim - http://oilshalegas.com

November 6, 2011 - The Eagle Ford Shale continues to produce some nice oil wells as we head into 2012. Goodrich Petroleum (GDP) recently reported some of their oil well data which you will see below. These Eagle Ford Shale wells are located in LaSalle County, TX & Frio County, TX.

Eagle Ford Shale, LaSalle and Frio Counties, Texas

The Company completed the following five Eagle Ford Shale wells during the quarter, with an average 24-hour peak production rate of 907 BOE per day:

• Burns Ranch 20H (67% WI), a 5,960 foot lateral with 21 frac stages, at a 24-hour peak production rate of 1,080 barrels oil equivalent ("BOE") per day;
• Burns Ranch 2H (67% WI), an 8,320 foot lateral with 29 frac stages, at a 24-hour peak production rate of 1,004 BOE per day;
• Burns Ranch 3H (67% WI), a 5,160 foot lateral with 19 frac stages, at a 24-hour peak production rate of 953 BOE per day;
• Burns Ranch 18H (67% WI), a 5,060 foot lateral with 19 frac stages, at a 24-hour peak production rate of 883 BOE per day;
• Burns Ranch 19H (67% WI), a 5,940 foot lateral with 21 frac stages, at a 24-hour peak production rate of 613 BOE per day.

The Company completed two additional Buda Lime wells in the quarter:

• Carnes 7H (65% WI), an un-stimulated 4,215 foot lateral, at a 24-hour peak production rate of 1,167 BOE per day and a 30-day average of 871 BOE per day (762 BO and 655 Mcf per day);
• Burns Ranch 30H (67% WI), a 5,060 foot lateral with 19 frac stages, at a 24-hour peak production rate of 500 BOE per day.

The Company is in completion phase on the following wells:

• Burns Ranch 35H (67% WI), an 8,880 foot lateral with 32 planned frac stages;
• Burns Ranch 16H (67% WI), a 5,710 foot lateral with 20 planned frac stages;
• Burns Ranch 22H (67% WI), a 5,520 foot lateral with 20 planned frac stages;
• Shiner G-1 (67% WI), a 4,190 foot lateral in the Buda Lime;
• Shiner G-4 (67% WI), a 4,130 foot lateral in the Buda Lime;

Shale News

OilShaleGas.com

Comstock Resources (CRK): Bossier Shale Update

By Andrea: http://oilshalegas.com

In the East Texas/North Louisiana region, Comstock Resources (CRK) has drilled 55 wells (33.6 net) in 2010. Fifty-four of the wells are Haynesville or Bossier shale wells. As of November 1, 2010, twenty-four of the 54 Haynesville or Bossier shale wells drilled in 2010 have been completed and were put on production at an average per well initial production rate of 10.8 MMcfe per day. Comstock expects to complete fourteen operated Haynesville or Bossier shale wells in the fourth quarter. In addition to its Haynesville shale horizontal drilling program, Comstock has drilled two vertical wells during 2010. Comstock successfully completed a Cotton Valley well in its Blocker field in East Texas.

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

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Red River Parish, LA: Bossier Shale Update

By Andrea: http://oilshalegas.com

Forest Oil Corp. (FST) drilled and completed three wells in the third quarter of 2010. In order to optimize recovery from Haynesville / Bossier Shale wells, Forest has adopted a restricted flow rate production program. With this operating strategy, initial production rates from the last three wells were curtailed at 11 to 13 MMcfe/d. Results have shown that cumulative production from the restricted-rate wells has exceeded the cumulative production from comparable unrestricted wells after approximately 90 days. Further, early indications support expectations that estimated ultimate recoveries for restricted-rate wells should exceed recoveries for less restricted wells.

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

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Red River Parish, LA: Haynesville Shale Update

By Andrea: http://oilshalegas.com

Forest Oil Corp. (FST) drilled and completed three wells in the third quarter of 2010. In order to optimize recovery from Haynesville / Bossier Shale wells, Forest has adopted a restricted flow rate production program. With this operating strategy, initial production rates from the last three wells were curtailed at 11 to 13 MMcfe/d. Results have shown that cumulative production from the restricted-rate wells has exceeded the cumulative production from comparable unrestricted wells after approximately 90 days. Further, early indications support expectations that estimated ultimate recoveries for restricted-rate wells should exceed recoveries for less restricted wells.

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

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Conoco Phillips (COP): Eagle Ford Shale Update

By Andrea: http://oilshalegas.com

Conoco Phillips (COP) released an update on the Eagle Ford Shale. They are showing an optimistic outlook for rest of 2010 in Eagle Ford Shale :

Year-to-date, we've drilled 13 and completed seven wells at Eagle Ford and are optimistic about this deal’s potential to support future production and returns growth. We’ve got six rigs drilling in the area, plan to have as many as 12 by year end, in current production of about 7,000 BOE per day. Our APLNG project is targeting FID by the end of 2010.

So looking at Eagle Ford, we're seeing of the 13 wells we’ve drilled and the seven we've completed, we're seeing IP rates anywhere in the range of, let's say, between 1,500 to 2,500 BOE per day. We do have some that are on the higher side of that where we’ve got gas being produced. I guess our best well is around close to six MCF a day and oil is 1,600 BOE per day. So you’ve got an MMcf per day of close to 16. But I would say on an MCF or a BOE per day, on a BOE per day basis, we're seeing something around 2 at Eagle Ford

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

Fore more stock updates, visit: http://daytradingstockblog.blogspot.com