Atascosa County: Eagle Ford Shale Update

By Andrea: http://oilshalegas.com

Comstock Resources Inc. (CRK) has initiated development of its Eagle Ford shale acreage in Atascosa, Karnes and McMullen counties in South Texas. Comstock has drilled the Rancho Tres Hijos #1H in McMullen county to a vertical depth of 11,020 feet with a 4,091 lateral and has drilled the NWR #1H in Atascosa county to a vertical depth of 8,715 feet with a 5,209 foot lateral. These wells are scheduled for completion in November. Comstock is currently drilling its third Eagle Ford shale well in Karnes county.

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

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Chesapeake Energy Corp (CHK): Avalon Shale update

By Andrea: http://oilshalegas.com

Chesapeake Energy Corp. (CHK) has drilled 8 wells to date in the Avalon shale on their 120,000 net acres across Texas and New Mexico. They predict that each well in the Avalon shale can produce 350 MBOE with an unrisked resource of 200 MMBOE. Chesapeake anticipates operating an average of roughly six rigs in the Permian Basin unconventional liquid plays by the end of 2010 and plans to drill approximately 50 net wells.

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

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