Eagle Ford work planned in Gonzales, Lavaca

By OGJ editors
HOUSTON, May 26
-- Magnum Hunter Resources Corp., Houston, and private Dallas independent Hunt Oil Co. plan to drill as many as two horizontal exploratory wells in the Eagle Ford shale oil window on a 28,187-gross acre area of mutual interest in Gonzales and Lavaca Counties, Tex.

The agreement extends through December 2014, and the two companies cross-assigned interests and will share all future costs equally.

The company that contributed each lease has the right to operate wells on that lease.

One of the first two exploratory wells to be drilled will be the Magnum Hunter-operated Gonzo Hunter-1H well in Gonzales County, to spud around June 1. The joint agreement allows for the option of a second well to be drilled on Hunt Oil acreage this year.

Magnum Hunter allocated $30.7 million from its $55 million fiscal 2010 capital budget Eagle Ford joint venture. Of that, $10.6 million will be to horizontally drill three unbooked Eagle Ford exploratory locations. The rest of the company’s 2010 capital expenditures is dedicated to the Eagle Ford shale play for further leasing.

Related Articles

Magnum Hunter to move headquarters to Dallas

08/07/2014

Magnum Hunter Resources Corp. plans to relocate its corporate headquarters from Houston to the Dallas area effective on or about Dec. 31.

Magnum Hunter finds Utica gas

02/14/2014 Magnum Hunter Resources Corp. (MHR), Houston, has reported a dry gas discovery on its first Utica shale well. The Stalder No. 3UH had peak producti...

Magnum Hunter approves $400 million capital budget for 2014

12/13/2013 The board of Houston independent Magnum Hunter Resources Corp. has approved a $400 million capital expenditure budget for fiscal year 2014, excludi...

Ohio

10/29/2009 Magnum Hunter Resources Corp., Houston, signed a definitive agreement to acquire Triad Energy Corp., private Reno, Ohio, oil and gas concern, out o...

Magnum Hunter reports management additions

10/06/2009

Houston independent Magnum Hunter Resources Corp. reported several management additions.

Magnum Hunter names Frazier president, CEO

03/15/2005 Magnum Hunter Resources Inc., Irving, Tex., has named Richard R. Frazier president and CEO of the company on an interim basis through closing of th...

Cimarex Energy acquiring Magnum Hunter

01/26/2005 Cimarex Energy Co., Denver, is acquiring Magnum Hunter Resources Inc., Irving, Tex., in a $2.1 billion transaction.

US companies post mixed results in third quarter

12/06/2004 Strong commodity prices propelled third-quarter earnings for most operators and service companies in the US and Canada, many of which reported that...

Magnum Hunter reports personnel changes

11/01/2004 Magnum Hunter Resources Inc., Irving, Tex., has elected Jerry Box as chairman. Gary C. Evans will remain president and CEO of the independent produ...

White Papers

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Available Webcasts



The Future of US Refining

When Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST



On Demand

Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST


Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected