Texas: Eagle Ford shale acreage offered

By OGJ editors
HOUSTON, July 21
– An undisclosed seller has retained Energy Spectrum Advisors Inc., Dallas, as exclusive advisor in connection with the sale of 52,975 gross acres (50,383 net acres) in the Eagle Ford shale in South Texas.

The company will be delivering a weighted average 95% working interest-78% net revenue interest, with the large majority of the acreage expiring in 2015-2016.

The acreage is mostly contiguous and located in the Eagle Ford’s oil and condensate windows, primarily in Fayette and Lavaca counties, Tex.

Offsetting the seller’s acreage, recent completions have been announced with IP rates as high as 1,242 b/d of oil and 480 Mcfd of gas in the oil window and as high as 3 MMcfd and 120 b/d of condensate in the wet gas window while still flowing back 1,000 b/d of frac water.

The acreage has an inventory of more than 300 potential horizontal drilling locations.

Related Articles

Baker Hughes: US drilling rig count drops to 1,803

03/21/2014 After consecutive weeks of significant gains, the US drilling rig count lost 6 units to 1,803 rigs working during the week ended Mar. 21, Baker Hug...

EIA: Harsh winter affected US heating expenditures, oil production

03/11/2014 Worldwide liquids fuels consumption will increased by 1.2 million b/d this year and by 1.4 million b/d in 2015, according to the latest outlook fro...

Devon, Crosstex complete merger of midstream assets

03/07/2014 Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLi...

The next Eagle Ford

03/03/2014 The Eagle Ford shale is one of the largest oil fields in the US and quite possibly the largest single economic development in the history of Texas.

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