Texas-Gulf Coast

Magnum Hunter Resources Corp., Houston, said it believes at least two more locations can be drilled on acreage in Bee County, Tex., following completion of its Eberstadt-1 well in South Caesar field.

Feb 4th, 2010

By OGJ editors
HOUSTON, Feb. 4 – Magnum Hunter Resources Corp., Houston, said it believes at least two more locations can be drilled on acreage in Bee County, Tex., following completion of its Eberstadt-1 well in South Caesar field.

Eberstadt-1 flowed to sales on Feb. 1 at the rate of 1.5 MMcfd of gas with 3,600 psi flowing tubing pressure on a 12/64-in. choke from 100 gross ft of Middle Wilcox. TD is 10,600 ft. The well was still cleaning up after a Jan. 28 frac.

Magnum Hunter is operator with 51.1% working interest and 38.3% net revenue interest. The well sets up a 464-acre gas unit out of 950 acres under lease. Completed well cost was $2 million to the 100% working interest.

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