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Penn Virginia presses Eagle Ford shale program

06/20/2011
Penn Virginia Corp., Houston, is producing a combined 4,096 b/d of oil and 2,072 Mcfd of gas from six Eagle Ford shale wells in South Texas and is running three rigs in the play.The associated gas is also expected to yield natural gas liquids of 150 bbl/MMcf of gas.The initial well, the Gardner 1H, had a peak 24-hr production rate of 1,250 boe/d in late February and is still producing 350 b/d of oil and 240 Mcfd of gas after 129 days' production, bringing cumulative recovery to 68,000 bbl and 56 MMcf.The gas was flared, but the company's midstream service provider in Gonzales County recently connected the wells to its pipeline and processing facilities and Penn Virginia has begun to recog...
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