By Tim - http://oilshalegas.com
Carrizo Oil & Gas (CRZO) has come out an given an update on their Eagle Ford Shale well production.
Carrizo Oil & Gas Announces Initial Production Rates for Its First Two Eagle Ford Shale Wells and Updates Niobrara Activity.
11/30/2010 -- Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) today is providing an operational update on the Company's activities in the Eagle Ford Shale and Niobrara Formation. Carrizo's initial two Eagle Ford Shale wells were drilled from a common surface location in central La Salle County, Texas. The Mumme Ranch 10H was drilled with a 5,493 foot horizontal leg and was completed with 15 frac stages. The Mumme Ranch 12H was drilled with a 5,455 foot horizontal leg and was completed with 19 frac stages. Following the flow-back of completion fluids, the two wells were tested for production potential beginning on November 20, 2010. The Mumme 10H had a 24-hour initial production rate of 1,011 barrels of oil per day ("Bopd") while the Mumme 12H had a 24-hour initial production rate of 1,220 Bopd. Production from this two-well pad appears to have stabilized at the current combined rate of approximately 1,125 barrels of oil per day. Approximately 2 million cubic feet per day of 1,367 btu per mcf natural gas is currently being flared pending connection to a gas gathering pipeline. Carrizo has a 100% working interest and a 75% net revenue interest in these two wells.
Hydraulic fracture stimulation activities have been completed on the Company's next Eagle Ford well, the Pierce 10H, located to the southwest of the Mumme wells, and the well has commenced flow-back today. It is currently anticipated that initial production results for this well should be available before the end of the year. Carrizo owns approximately 20,000 net acres in the Eagle Ford Shale play, the majority of which are located in the condensate window of La Salle, Dimmit, and McMullen Counties. In addition to the three wells mentioned in this announcement, Carrizo has drilled two other Eagle Ford horizontal wells in La Salle County which are currently waiting on completion, expected to begin in the first quarter of 2011.
http://www.easyir.com/easyir/prssrel.do?easyirid=5973FCB26450FFF1&version=live&prid=692025
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Tuesday, November 30, 2010
Saturday, November 20, 2010
Bone Spring - Wolfberry - Spraberry Oil Fields - Permian Basin
By Tim - http://oilshalegas.com
Recently, I've been asked to blog about the recent activity going on in the Permian Basin right now located in West Texas. The Permian Basin is the hot spot right now as was the Eagle Ford Shale over the past year. While we are seeing the majority of the rigs continue to flock to the Eagle Ford Shale, there is a huge jump in rigs and drilling activity in the Permian Basin.
The Permian Basin consists on a combination of Oil fields which also contain Natural Gas. On the east side, we have the Spraberry Field as the top zone, the Dean Formation as the middle layer, and the Wolfcamp Shale as the bottom zone. When the oil producers drill into all of these formations, they are calling it the Wolfberry.
On the west side, we are talking about the top layer being the Avalon Shale ( also known as Leonard Shale ) with it mixing into the top layer of the Bone Spring which is made up of three zones. After the bone spring formation, we have the wolfcamp shale again. This area is located in West Texas and extends up into New Mexico. Lea County New Mexico and Eddy County New Mexico are the hot spots.
The Spraberry is seeing acreage go for $15,000+ per acre in some spots regarding mineral rights leasing. All of these zones are hot hot hot and producing a lot of oil.
For more shale updates, visit http://blackberrystocks.blogspot.com
Recently, I've been asked to blog about the recent activity going on in the Permian Basin right now located in West Texas. The Permian Basin is the hot spot right now as was the Eagle Ford Shale over the past year. While we are seeing the majority of the rigs continue to flock to the Eagle Ford Shale, there is a huge jump in rigs and drilling activity in the Permian Basin.
The Permian Basin consists on a combination of Oil fields which also contain Natural Gas. On the east side, we have the Spraberry Field as the top zone, the Dean Formation as the middle layer, and the Wolfcamp Shale as the bottom zone. When the oil producers drill into all of these formations, they are calling it the Wolfberry.
On the west side, we are talking about the top layer being the Avalon Shale ( also known as Leonard Shale ) with it mixing into the top layer of the Bone Spring which is made up of three zones. After the bone spring formation, we have the wolfcamp shale again. This area is located in West Texas and extends up into New Mexico. Lea County New Mexico and Eddy County New Mexico are the hot spots.
The Spraberry is seeing acreage go for $15,000+ per acre in some spots regarding mineral rights leasing. All of these zones are hot hot hot and producing a lot of oil.
For more shale updates, visit http://blackberrystocks.blogspot.com
Climarex Energy Co. (XEC): Permian Basin Update
By Andrea: http://oilshalegas.com
Climarex Energy Co. (XEC)recently release an operational update on the Permian Basin:
In the first three quarters of 2010 Cimarex drilled and completed 61 gross (47.1 net) Permian Basin wells, 95% of which were completed as producers. At quarter-end, 18 gross (14.4 net) wells were in the process of being completed or were awaiting completion. Third-quarter 2010 Permian production averaged 169.4 MMcfe/d versus a third-quarter 2009 average of 152.1 MMcfe/d.
Drilling principally occurred in southeast New Mexico, mainly targeting Bone Spring, Abo and Paddock formations.
Recent horizontal Bone Spring wells brought on production include the KHC 33-26 2H (96% working interest) at 1,050 barrels equivalent per day (Boe/d), Irwin 13 Federal 1H (100% working interest) at 1,010 Boe/d and Penny Pincher 21 Federal 1H (78% working interest) at 650 Boe/d. Third-quarter Abo horizontal oil wells include the Franklin 18 Federal Com 4H (81% working interest) at 510 Boe/d and the Ticonderoga 16 State Com 4H (100% working interest) at 325 Boe/d. All individual well rates are 30-day gross averages.
Cimarex has 12 operated rigs running in the Permian Basin.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Climarex Energy Co. (XEC)recently release an operational update on the Permian Basin:
In the first three quarters of 2010 Cimarex drilled and completed 61 gross (47.1 net) Permian Basin wells, 95% of which were completed as producers. At quarter-end, 18 gross (14.4 net) wells were in the process of being completed or were awaiting completion. Third-quarter 2010 Permian production averaged 169.4 MMcfe/d versus a third-quarter 2009 average of 152.1 MMcfe/d.
Drilling principally occurred in southeast New Mexico, mainly targeting Bone Spring, Abo and Paddock formations.
Recent horizontal Bone Spring wells brought on production include the KHC 33-26 2H (96% working interest) at 1,050 barrels equivalent per day (Boe/d), Irwin 13 Federal 1H (100% working interest) at 1,010 Boe/d and Penny Pincher 21 Federal 1H (78% working interest) at 650 Boe/d. Third-quarter Abo horizontal oil wells include the Franklin 18 Federal Com 4H (81% working interest) at 510 Boe/d and the Ticonderoga 16 State Com 4H (100% working interest) at 325 Boe/d. All individual well rates are 30-day gross averages.
Cimarex has 12 operated rigs running in the Permian Basin.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Climarex Energy Co. (XEC): Woodford Shale Update
By Andrea: http://oilshalegas.com
Cimarex drilled and completed 80 gross (34.5 net) Mid-Continent wells during the first nine months of 2010, of which 77 gross (33.3 net) were successful. At quarter-end, 24 gross (7.7 net) wells were in the process of being completed or were awaiting completion. Third-quarter 2010 Mid-Continent production averaged 262.8 MMcfe/d versus a third-quarter 2009 average of 208.8 MMcfe/d.
In the western Oklahoma, Cana-Woodford shale play, Cimarex drilled and completed 57 gross (23.9 net) wells during the first three quarters of 2010. At quarter-end 24 gross (7.7 net) wells were being completed or awaiting completion in this area.
Since the Cana-Woodford drilling began in late 2007, Cimarex has participated in 146 gross (57.9 net) wells. Of total wells, 111 gross (45.6 net) were on production at quarter-end and the remainder were either drilling or awaiting completion. Third-quarter 2010 net production from the Cana play averaged 84 MMcfe/d versus the third-quarter 2009 average of 28 MMcfe/d.
Texas Panhandle drilling in the first nine months of 2010 totaled 11 gross (7.3 net) wells: nine Granite Wash and two Morrow. Third-quarter drilling included the George 11-3H (32% working interest), a horizontal Granite Wash well in southern Hemphill County, which was brought on production in late September, averaging 12.5 MMcfe/d (11.3 MMcf/d of gas and 200 barrels per day of oil) for the first-25 days.
Cimarex currently has eleven operated rigs running in the Mid-Continent; nine in the Cana-Woodford, one in the Texas Panhandle and one in southern Oklahoma.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Cimarex drilled and completed 80 gross (34.5 net) Mid-Continent wells during the first nine months of 2010, of which 77 gross (33.3 net) were successful. At quarter-end, 24 gross (7.7 net) wells were in the process of being completed or were awaiting completion. Third-quarter 2010 Mid-Continent production averaged 262.8 MMcfe/d versus a third-quarter 2009 average of 208.8 MMcfe/d.
In the western Oklahoma, Cana-Woodford shale play, Cimarex drilled and completed 57 gross (23.9 net) wells during the first three quarters of 2010. At quarter-end 24 gross (7.7 net) wells were being completed or awaiting completion in this area.
Since the Cana-Woodford drilling began in late 2007, Cimarex has participated in 146 gross (57.9 net) wells. Of total wells, 111 gross (45.6 net) were on production at quarter-end and the remainder were either drilling or awaiting completion. Third-quarter 2010 net production from the Cana play averaged 84 MMcfe/d versus the third-quarter 2009 average of 28 MMcfe/d.
Texas Panhandle drilling in the first nine months of 2010 totaled 11 gross (7.3 net) wells: nine Granite Wash and two Morrow. Third-quarter drilling included the George 11-3H (32% working interest), a horizontal Granite Wash well in southern Hemphill County, which was brought on production in late September, averaging 12.5 MMcfe/d (11.3 MMcf/d of gas and 200 barrels per day of oil) for the first-25 days.
Cimarex currently has eleven operated rigs running in the Mid-Continent; nine in the Cana-Woodford, one in the Texas Panhandle and one in southern Oklahoma.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Jefferson County, MS: Haynesville Shale Update
By Andrea: http://oilshalegas.com
Mainland Resources, Inc. (MNLU.OB) recently announced an update on the Haynesville Shale, located in Jefferson County, MS:
As of September 27, 2010, the Company is drilling ahead on the Burkley-Phillips No.1 well at 16,531 feet. Since the last activity update on August 16, 2010, the Company drilled to a depth of 12,940 feet where it conducted electric line logging, acquired side-wall cores in selected zones and successfully installed and cemented a 9 5/8” casing string. As previously reported, the well penetrated a sand package preliminarily identified as the Lower Tuscaloosa Massive Sand with approximately 50 feet of thickness exhibiting elevated mud log gas readings. Further analysis of the sand, utilizing electric line logging and side-wall cores, has warranted the initiation of a technical and commercial analysis, which is currently in progress.
The forward plan calls for drilling operations to continue to a depth of approximately 19,200 feet where wireline logging will be conducted to analyze the current open-hole interval and then a string of protective casing will be installed and cemented. At that point, the Company will begin drilling the final section of the well targeting the Haynesville Shale and will continue the drilling program to an anticipated depth of 22,000 feet.
Nick Atencio, CEO, states, “We are pleased with the drilling progress to this point and anticipate we will continue to make similar progress to the programmed total depth. As warranted, we will continue to analyze any secondary targets we encounter as we drill through the Hosston and Cotton Valley intervals.”
Management will continue to provide updates as milestone events are reached on the well.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Mainland Resources, Inc. (MNLU.OB) recently announced an update on the Haynesville Shale, located in Jefferson County, MS:
As of September 27, 2010, the Company is drilling ahead on the Burkley-Phillips No.1 well at 16,531 feet. Since the last activity update on August 16, 2010, the Company drilled to a depth of 12,940 feet where it conducted electric line logging, acquired side-wall cores in selected zones and successfully installed and cemented a 9 5/8” casing string. As previously reported, the well penetrated a sand package preliminarily identified as the Lower Tuscaloosa Massive Sand with approximately 50 feet of thickness exhibiting elevated mud log gas readings. Further analysis of the sand, utilizing electric line logging and side-wall cores, has warranted the initiation of a technical and commercial analysis, which is currently in progress.
The forward plan calls for drilling operations to continue to a depth of approximately 19,200 feet where wireline logging will be conducted to analyze the current open-hole interval and then a string of protective casing will be installed and cemented. At that point, the Company will begin drilling the final section of the well targeting the Haynesville Shale and will continue the drilling program to an anticipated depth of 22,000 feet.
Nick Atencio, CEO, states, “We are pleased with the drilling progress to this point and anticipate we will continue to make similar progress to the programmed total depth. As warranted, we will continue to analyze any secondary targets we encounter as we drill through the Hosston and Cotton Valley intervals.”
Management will continue to provide updates as milestone events are reached on the well.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Wednesday, November 3, 2010
Ellis County, TX: Barnett Shale Update
By Andrea: http://oilshalegas.com
Range Resources Corp. (RRC) recently released an update on the Barnett Shale In Ellis, TX, they have begun completion operations on 2 wells in Ellis County:
During the third quarter, the Southwestern Division continued its successful drilling program. In the Barnett Shale formation, Range initiated sales on three wells in Denton County at a combined average rate of 15.0 (11.3 net) Mmcfe per day, comprised of 8.1 (6.1 net) Mmcf per day and 1,156 (868 net) barrels of NGLs and oil per day. In addition, we began completion operations on five wells in Tarrant County and two wells in Ellis County with production scheduled to begin early in the fourth quarter of 2010. In West Texas at the Conger Field, the division deepened three wells to the Strawn formation and recompleted another well into the Wolfcamp formation. The three Strawn deepenings yielded a combined daily average rate of 551 (468 net) Boe per day, comprised of 437 (372 net) per day barrels of oil and NGLs and 685 (582 net) mcf per day. The Wolfcamp recompletion added 594 (505 net) Boe per day, comprised of 552 (469 net) barrels of oil and NGLs and 255 (217 net) mcf per day.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Range Resources Corp. (RRC) recently released an update on the Barnett Shale In Ellis, TX, they have begun completion operations on 2 wells in Ellis County:
During the third quarter, the Southwestern Division continued its successful drilling program. In the Barnett Shale formation, Range initiated sales on three wells in Denton County at a combined average rate of 15.0 (11.3 net) Mmcfe per day, comprised of 8.1 (6.1 net) Mmcf per day and 1,156 (868 net) barrels of NGLs and oil per day. In addition, we began completion operations on five wells in Tarrant County and two wells in Ellis County with production scheduled to begin early in the fourth quarter of 2010. In West Texas at the Conger Field, the division deepened three wells to the Strawn formation and recompleted another well into the Wolfcamp formation. The three Strawn deepenings yielded a combined daily average rate of 551 (468 net) Boe per day, comprised of 437 (372 net) per day barrels of oil and NGLs and 685 (582 net) mcf per day. The Wolfcamp recompletion added 594 (505 net) Boe per day, comprised of 552 (469 net) barrels of oil and NGLs and 255 (217 net) mcf per day.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Monday, November 1, 2010
Tarrant County, TX: Barnett Shale Update
By Andrea: http://oilshalegas.com
Range Resources Corp. (RRC) recently released an update on the Barnett Shale In Tarrant, TX, they have begun completion operations on five wells in Tarrant County:
During the third quarter, the Southwestern Division continued its successful drilling program. In the Barnett Shale formation, Range initiated sales on three wells in Denton County at a combined average rate of 15.0 (11.3 net) Mmcfe per day, comprised of 8.1 (6.1 net) Mmcf per day and 1,156 (868 net) barrels of NGLs and oil per day. In addition, we began completion operations on five wells in Tarrant County and two wells in Ellis County with production scheduled to begin early in the fourth quarter of 2010. In West Texas at the Conger Field, the division deepened three wells to the Strawn formation and recompleted another well into the Wolfcamp formation. The three Strawn deepenings yielded a combined daily average rate of 551 (468 net) Boe per day, comprised of 437 (372 net) per day barrels of oil and NGLs and 685 (582 net) mcf per day. The Wolfcamp recompletion added 594 (505 net) Boe per day, comprised of 552 (469 net) barrels of oil and NGLs and 255 (217 net) mcf per day.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Range Resources Corp. (RRC) recently released an update on the Barnett Shale In Tarrant, TX, they have begun completion operations on five wells in Tarrant County:
During the third quarter, the Southwestern Division continued its successful drilling program. In the Barnett Shale formation, Range initiated sales on three wells in Denton County at a combined average rate of 15.0 (11.3 net) Mmcfe per day, comprised of 8.1 (6.1 net) Mmcf per day and 1,156 (868 net) barrels of NGLs and oil per day. In addition, we began completion operations on five wells in Tarrant County and two wells in Ellis County with production scheduled to begin early in the fourth quarter of 2010. In West Texas at the Conger Field, the division deepened three wells to the Strawn formation and recompleted another well into the Wolfcamp formation. The three Strawn deepenings yielded a combined daily average rate of 551 (468 net) Boe per day, comprised of 437 (372 net) per day barrels of oil and NGLs and 685 (582 net) mcf per day. The Wolfcamp recompletion added 594 (505 net) Boe per day, comprised of 552 (469 net) barrels of oil and NGLs and 255 (217 net) mcf per day.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
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