tag:blogger.com,1999:blog-3439643370415773200Mon, 07 Oct 2024 03:25:54 +0000new wellsnatural gashaynesville shalemarcellus shaleeagle ford shaleBakken ShaleTexas2012crude oilnatural gas drillingbarnett shalelouisianaNorth DakotaPermian BasinOil drillingnewspennsylvaniachkhorizontal drillinghorizontal wellsEOG Resourcesoil wells2011bossier shaleeast texas2010Niobrara Shalemineral rights2009EOGPAUtica Shalechesapeake energyWoodford shalesouth texasDevon Energy Corp. (DVN)comstock resources inc. (crk)three forksXTO Energyfayetteville shaleoil fieldproduction ratesMcKenzie Countydrilling activityCLRWest texasbakken formationoil shaleChesapeake Energy Corp. (CHK)continental resourcesnatural gas fieldBrigham Exploration Co. (BEXP)Granite Washcompanies drilling marcellus shalecotton valleydrillingjoint ventureshale gas playwellsMcMullen CountyOilcanadacnbcdrilling oil shalekodiak oil and gaskogpetrohawk energywilliams countywolfcamp shaleAustin ChalkRex Energy Corp. (REXX)SM Energy Company (SM)devon energy DVNmontanaxto2008Avalon shaleNiobraraWolfcampaugust 2010caddo parishchk - chesapeake energycompanies drilling haynesville shalehkmineral rights leasesmississippinatural gas pipelinerrcsanish three forkssouth texas shalewest virginiawilliston basinStocksTexas Panhandleacquisitionsapaapachebutler countycarrizo oil and gaschesapeak energydunn countyeagle ford shale oil fieldhaynesville shale newsoklahomarange resourcesCarrizo Oil and Gas Inc. (CRZO)ColoradoCrimson Exploration Inc. (CXPO)Haynesville Shale Natural GasKarnes CountyMountrail CountyPetrohawk Energy Corp. 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(VYOG.OB)Weld Countyappleaugust 2011bakkenbritish columbiacanadian countychattanooga shalecnbc fast moneycogcomstock resourcesdenton countydivide countydrysdryshipsfast moneygdpgoodrich petroleumgreene countyhaynesvillehurricane Gustavhurricane season 2008january 2009january 28land leasingmarcellus shale formationohio oh shaleohio oh utica shaleoil and natural gas fieldpenn virginiaqbcquebecrex energyrexxsusquehanna countyvertical drillingwell costwoodford shale newswv10/02/0810/22/0810/30/082011 budget2nd quarter 2008Antrim ShaleBuccaneer Energy Limited (BCGYF.PK)Callon Petroleum Company (CPE)Cana ShaleChesapeake Energy CorporationCrimson ExplorationDay TradingDeWitt CountyDoxa EnergyEnerplus Resources Fund (ERF)FSTForrest CountyGRMNGreen River FormationJones CountyLamar CountyMDU Resources Group Inc. (MDU)Magnum Hunter Resources Corp. (MHR)Mexco EnergyNiobrara PlayNorth Dakota ShaleNovember 2008Penn Virginia Corp. (PVA)Piceance BasinPotter countyPreston CountyRange Resources Corp. (RRC)Reagan CountyStark CountyUSOacreagearkansasbossier parishbpcapital investmentclearfield countycoal stockscompletion costscrkfebruary 2009gastargshaynesville newshaynesvilleshale.comhorizontal rigsjim cramerkentucky shalelawsuitmarathon oilmarcellus formationmarcellus shale newsmromtnet acresnew pipelineoil discoveriesoil montanaoil north dakotapa pennsylvaniapennslyvaniarecord land leasingred river parishrichland countysouthwestern energyswntexas shaletopaz resources inc (TOPZ)trans energytuscaloosa marine shaleusgsutica formationvertical wellvertical wells1/28/091/29/0910/16/0810/21/0810/29/0810/7/0811/05/0811/17/082/24/092/3/092nd quarter earnings gs4th quarter 20105/18/099/03/089/05/089/08/089/11/089/24/089/30/08American Petro-hunter Inc. (AAPH.OB)Antares EnergyBeckham CountyBee County TexasBorden County TexasCXPOCana-WoodfordCimarex Energy (XEC)Climarex Energy Co. (XEC)Colorado Oil and GasCrockett CountyDecember 2010Dewey CountyDrilling permitsEPM Evolution PetroleumEagle ford shale playEddy countyEl Paso Corp. (EP)Evolution Petroleum Corp. (EPM)Exterra Energy (EENI.OB)FSLRFirst SolarForest Oil Corp. (FSP)Frio County TexasGMXRGPSGSTGarret CountyGastar Exploration Ltd. (GST)Goldman SachsGoodrich Petrolium Corp. (GDP)GoshenGrady CountyGreen River BasinHaynesville Shale PlayHess Corporation (HES)Irion CountyIvanJefferson CountyLINELLC (LINE)Lea CountyLee CountyLinn EnergyLinn Energy (LINE)Linn Energy CorpLive Oak CountyMSMarmatonMarshall CountyMarylandMcKean CountyMichigan ShaleMiddle BossierMissourian WashMontague CountyMontrail CountyMorgan Creek Energy Corp.Newfield Exploration Company (NYSE: NFX)PXD Pioneer Natural Resources Company (NYSE:PXD)PennyslvaniaRexx Energy Corp. (REXX)Richmond CountyRoosevelt CountySamson Oil and Gas (SSN)San Augustine CountySupport and Resistance LevelsTopaz ResourcesUtahVisa V Mastercard MA Energy Conversion Devices ENERWattenbergWestmont Resources Inc (WMNS.ob)Wilson County TexasWind EnergyWise Countyalaskaalberta oil sandsanwarappalachian basinatlas energyavalon shale playbakkenshale.combarnett shale newsbeverly hills oilblm - bureau of land managementbossier shale formationbrown densebrown dense formationcalifornia oilcanada natural gas shalecanada shale fieldscardium formationcarl icahncarroll countychinacitigroupcnx gascoalcorridor resourcesde soto parishdecemberdoweagle ford shale training classeseagleford energy Inc. 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This shale blog is meant for people interested in keeping up on the latest shale news across the USA &amp; Canada. With higher oil and natural gas prices, discovering have been on fire. The Eagle Ford Shale, Haynesville Shale, Bakken Shale, Niobrara Shale, and the Marcellus Shale have really produced giant wells and the interest keeps coming. Mineral rights leases are doing incredible!http://blackberrystocks.blogspot.com/noreply@blogger.com (Tim)Blogger589125tag:blogger.com,1999:blog-3439643370415773200.post-750303820160614702Fri, 02 Mar 2012 21:09:00 +00002012-03-02T16:09:00.574-05:002012drillingmineral rightsnoble countyohohioohio oh shaleoil fieldutica formationUtica Shalewashington countyBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>Utica Shale News - Magnum Hunter Resources Corporation (NYSE: MHR) provides an update on the <a href="http://oilshalegas.com/uticashale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Utica Shale</span></b></a> located in Noble County, Ohio.</div><div><br /></div><div>Magnum Hunter Resources Corporation (NYSE: MHR) announced today that its wholly-owned subsidiary, Triad Hunter, LLC ("Triad Hunter"), has closed on the acquisition of leasehold mineral interests located predominately in Noble County, Ohio (the "Utica Acreage") from an undisclosed seller for a total purchase price of $24.8 million.<br /><br />The Utica Acreage consists of approximately 15,558 gross (12,186 net) acres predominately located in Noble County, Ohio. The net price paid per acre for this acquisition was $2,037. The majority of the leasehold acreage acquired in this transaction is held by shallower production. The purchase includes all depths of 300 feet below the top of the Queenston Formation down to all further depths. There is no associated shallow production included with this acquisition. There is a possibility of a second closing on another block of similar acreage that may occur on or before April 16, 2012, assuming the Seller can satisfy certain title deficiency requirements.<br /><br />The Utica Acreage is in close proximity to Triad Hunter's existing acreage position in Washington and Noble Counties, Ohio, and now provides Triad Hunter approximately 18,187 gross (14,815 net) acres in in these two counties, and a total of 23,214 gross (17,316 net) acres that are presently prospective for the Utica Shale..</div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/uticashale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/uticashale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/03/magnum-hunter-resources-mhr-utica-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-3025160409709091364Thu, 01 Mar 2012 18:30:00 +00002012-03-01T13:30:01.092-05:00Crockett CountyEOGEOG ResourcesnewsOil drillingoil wellsPermian Basinproduction ratesWest texaswolfcamp shaleBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>EOG Resources (EOG) is currently drilling for oil in the <a href="http://www.oilshalegas.com/permianbasinoil.html"><b><span class="Apple-style-span" style="color:#3333ff;">Permian Basin</span></b></a>, Midland Basin, and the <a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;"><b>Wolfcamp Shale</b></span></a>.</div><div><br /></div><div><span style="font-family:georgia;font-size:100%;">In the West Texas Permian Basin, EOG increased drilling activity in the Wolfcamp formation during the second half of 2011 in preparation for a more active year in 2012. EOG reported success from the upper Wolfcamp zone. The University 9 #2803H in Reagan County, 25 miles west of its current middle Wolfcamp activity began production at 883 Bopd with 68 Bpd of NGLs and 388 Mcfd of natural gas. EOG has a 100 percent working interest in the well. In Irion County, the University 43 #0902H and 40A #0402H were completed in the middle Wolfcamp zone at initial oil rates of 1,088 and 1,076 Bopd, respectively. In addition to the strong oil production, the wells were turned to sales with 86 and 129 Bpd of NGLs and 489 and 736 Mcfd of natural gas, respectively. EOG has 90 and 85 percent working interest in the wells, respectively. </span></div><div><span style="font-family:georgia;font-size:100%;"><br /></span></div><div><span style="font-family:georgia;font-size:100%;">On the border between Irion and Crockett counties, the University 40 #1309H and 38 #0601H began production at 1,738 and 1,077 Bopd with 137 and 119 Bpd of NGLs and 779 and 678 Mcfd of natural gas, respectively. EOG has 88 percent working interest in these wells. EOG plans to operate a four-rig drilling program in the Wolfcamp during 2012.<br /></span></div><div><br /></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://www.oilshalegas.com/permianbasinoil.html"><span class="Apple-style-span" style="color:#3333ff;">http://www.oilshalegas.com/permianbasinoil.html</span></a></div><br /><span class="Apple-style-span" style="color:#3333ff;"><a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/wolfcampshale.html</span></a><br /></span><div><br /><br /></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/03/crockett-county-tx-wolfcamp-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-1044417919927970925Wed, 29 Feb 2012 19:44:00 +00002012-02-29T14:44:00.525-05:00EOGEOG ResourcesnewsOil drillingoil wellsPermian Basinproduction ratesWest texaswolfcamp shaleBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>EOG Resources (EOG) is currently drilling for oil in the <a href="http://www.oilshalegas.com/permianbasinoil.html"><b><span class="Apple-style-span" style="color:#3333ff;">Permian Basin</span></b></a>, Midland Basin, and the <a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;"><b>Wolfcamp Shale</b></span></a>.</div><div><br /></div><div><span style="font-family:georgia;font-size:100%;">In the West Texas Permian Basin, EOG increased drilling activity in the Wolfcamp formation during the second half of 2011 in preparation for a more active year in 2012. EOG reported success from the upper Wolfcamp zone. The University 9 #2803H in Reagan County, 25 miles west of its current middle Wolfcamp activity began production at 883 Bopd with 68 Bpd of NGLs and 388 Mcfd of natural gas. EOG has a 100 percent working interest in the well. In Irion County, the University 43 #0902H and 40A #0402H were completed in the middle Wolfcamp zone at initial oil rates of 1,088 and 1,076 Bopd, respectively. In addition to the strong oil production, the wells were turned to sales with 86 and 129 Bpd of NGLs and 489 and 736 Mcfd of natural gas, respectively. EOG has 90 and 85 percent working interest in the wells, respectively. On the border between Irion and Crockett counties, the University 40 #1309H and 38 #0601H began production at 1,738 and 1,077 Bopd with 137 and 119 Bpd of NGLs and 779 and 678 Mcfd of natural gas, respectively. EOG has 88 percent working interest in these wells. EOG plans to operate a four-rig drilling program in the Wolfcamp during 2012.<br /></span></div><div><br /></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://www.oilshalegas.com/permianbasinoil.html"><span class="Apple-style-span" style="color:#3333ff;">http://www.oilshalegas.com/permianbasinoil.html</span></a></div><br /><span class="Apple-style-span" style="color:#3333ff;"><a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/wolfcampshale.html</span></a><br /></span><div><br /><br /></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/eog-resources-eog-wolfcamp-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-6809984571308690348Tue, 28 Feb 2012 19:28:00 +00002012-02-28T14:28:00.042-05:00EOGEOG Resourcesmidland basinnewsOil drillingoil wellsPermian Basinproduction ratesWest texasBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>EOG Resources (EOG) is currently drilling for oil in the <a href="http://www.oilshalegas.com/permianbasinoil.html"><b><span class="Apple-style-span" style="color:#3333ff;">Permian Basin</span></b></a>, Midland Basin, and the <a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;"><b>Wolfcamp Shale</b></span></a>.</div><div><br /></div><div><span style="font-family:georgia;font-size:100%;">In the West Texas Permian Basin, EOG increased drilling activity in the Wolfcamp formation during the second half of 2011 in preparation for a more active year in 2012. EOG reported success from the upper Wolfcamp zone. The University 9 #2803H in Reagan County, 25 miles west of its current middle Wolfcamp activity began production at 883 Bopd with 68 Bpd of NGLs and 388 Mcfd of natural gas. EOG has a 100 percent working interest in the well. In Irion County, the University 43 #0902H and 40A #0402H were completed in the middle Wolfcamp zone at initial oil rates of 1,088 and 1,076 Bopd, respectively. In addition to the strong oil production, the wells were turned to sales with 86 and 129 Bpd of NGLs and 489 and 736 Mcfd of natural gas, respectively. EOG has 90 and 85 percent working interest in the wells, respectively. On the border between Irion and Crockett counties, the University 40 #1309H and 38 #0601H began production at 1,738 and 1,077 Bopd with 137 and 119 Bpd of NGLs and 779 and 678 Mcfd of natural gas, respectively. EOG has 88 percent working interest in these wells. EOG plans to operate a four-rig drilling program in the Wolfcamp during 2012.<br /><br />In the New Mexico Leonard Shale, EOG reported drilling success from Lea County with the Caballo 23 Fed #4H and #6H. The wells, in which EOG has 86 percent working interest, initially produced at 932 and 750 Bopd with 116 and 99 Bpd of NGLs and 636 and 545 Mcfd of natural gas, respectively. During 2012, EOG is positioned to increase its drilling activity in the Leonard Shale with a year-long two-rig program.</span></div><div><br /></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://www.oilshalegas.com/permianbasinoil.html"><span class="Apple-style-span" style="color:#3333ff;">http://www.oilshalegas.com/permianbasinoil.html</span></a></div><br /><span class="Apple-style-span" style="color:#3333ff;"><a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/wolfcampshale.html</span></a><br /></span><div><br /><br /></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/eog-resources-eog-permian-basin.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-6889820108999990296Tue, 28 Feb 2012 19:28:00 +00002012-02-28T14:28:00.450-05:002012acresbarnett combo oil playbarnett shalecooke county - txEOGEOG ResourcesOil drillingoil wellsproduction rateswell costBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><b>EOG Resources (EOG) - Barnett Shale Combo Play - Oil Field Texas</b></div><div><br /></div><div>EOG Resources (EOG) is out with their <a href="http://oilshalegas.com/barnettshale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Barnett Shale Combo Play</span></b></a> update. The Barnett Shale combo play is a zone of oil and natural gas.</div><div><br /></div><div>In the Fort Worth Barnett Shale Combo, EOG's second largest driver of liquids growth during 2011, total liquids production increased 107 percent compared to 2010, driven by a 124 percent increase in crude oil and condensate production. In Montague County, a pattern of five horizontal wells, the Badger A Unit #1H, B Unit #2H, C Unit #3H, D Unit #4H and E Unit #5H showed initial peak oil production rates ranging from 525 to 659 Bopd with 106 to 205 Bpd of NGLs and 704 to 1,361 Mcfd (thousand cubic feet per day) of natural gas per well. EOG has 100 percent working interest in the wells, which had an average peak crude oil production rate of 604 Bopd per well. A series of 10 McKown wells drilled in Cooke County, began producing to sales at an average oil rate of 689 Bopd, with 210 Bpd of NGLs and 1.4 MMcfd of natural gas per well. EOG has 93 percent working interest in these wells. During 2011, EOG expanded its core holdings in the Barnett Combo by approximately 25,000 acres to 200,000 net acres. Following the success of its drilling program last year, EOG expects the Barnett Combo to be its second largest liquids production growth contributor again in 2012.</div><div><br /></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/barnettshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/barnettshale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/cooke-county-texas-barnett-shale-oil.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-5115840479552295556Mon, 27 Feb 2012 21:00:00 +00002012-02-27T16:00:05.093-05:002012bakken formationBakken Shaledrilling activityEOG ResourcesMountrail Countymtndnewsoil and gas drillingoil montanaoil north dakotaParshall fieldBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>EOG Resources (EOG) recently gave a drilling update in the <a href="http://bakkenshale.net"><b><span class="Apple-style-span" style="color:#3333ff;">Bakken Shale</span></b></a>.</div><div><br /></div><div>Consistent with its game plan to increase recovery rates in existing fields, during 2011 EOG continued infill drilling on its core acreage in the North Dakota Bakken Parshall Field, which it discovered in 2006. Although originally developed on 640-acre spacing, EOG has successfully tested 320-acre down-spacing in various areas and around the perimeters of the field. A recent well in Mountrail County, the Fertile 48-0905H, in which EOG has a 96 percent working interest, was completed at an initial rate of 1,324 Bopd. Also in Mountrail County, the Liberty 24-2531H and Liberty LR 20-26H were drilled on 320-acre spacing. The wells, in which EOG has 82 and 95 percent working interest, respectively, were turned to sales at initial crude oil rates of 1,507 and 1,165 Bopd, respectively. Over the course of 2012, EOG will continue its efforts to increase recovery of the oil-in-place on its Bakken acreage through further down-spacing tests and the initiation of a secondary recovery pilot project.</div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://bakkenshale.net"><span class="Apple-style-span" style="color:#3333ff;">http://bakkenshale.net</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/bakken-shale-north-dakota-parshall.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-5803703671938755707Mon, 27 Feb 2012 19:23:00 +00002012-02-27T14:23:00.544-05:002012acresbarnett combo oil playbarnett shaleEOGEOG ResourcesOil drillingoil wellsproduction rateswell costBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><b>EOG Resources (EOG) - Barnett Shale Combo Play - Oil Field Texas</b></div><div><br /></div><div>EOG Resources (EOG) is out with their <a href="http://oilshalegas.com/barnettshale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Barnett Shale Combo Play</span></b></a> update. The Barnett Shale combo play is a zone of oil and natural gas.</div><div><br /></div><div>In the Fort Worth Barnett Shale Combo, EOG's second largest driver of liquids growth during 2011, total liquids production increased 107 percent compared to 2010, driven by a 124 percent increase in crude oil and condensate production. In Montague County, a pattern of five horizontal wells, the Badger A Unit #1H, B Unit #2H, C Unit #3H, D Unit #4H and E Unit #5H showed initial peak oil production rates ranging from 525 to 659 Bopd with 106 to 205 Bpd of NGLs and 704 to 1,361 Mcfd (thousand cubic feet per day) of natural gas per well. EOG has 100 percent working interest in the wells, which had an average peak crude oil production rate of 604 Bopd per well. A series of 10 McKown wells drilled in Cooke County, began producing to sales at an average oil rate of 689 Bopd, with 210 Bpd of NGLs and 1.4 MMcfd of natural gas per well. EOG has 93 percent working interest in these wells. During 2011, EOG expanded its core holdings in the Barnett Combo by approximately 25,000 acres to 200,000 net acres. Following the success of its drilling program last year, EOG expects the Barnett Combo to be its second largest liquids production growth contributor again in 2012.</div><div><br /></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/barnettshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/barnettshale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/montague-county-texas-barnett-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-5191472850516360997Mon, 27 Feb 2012 19:00:00 +00002012-02-27T14:00:00.129-05:002012eagle ford shaleeagle ford shale oil fieldEOGEOG ResourcesGonzales Countysouth texassouth texas shaleBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>EOG Resources (EOG) provided an oil &amp; natural gas drilling update in the <a href="http://oilshalegas.com/eaglefordshale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Eagle Ford Shale</span></b></a> play located in Gonzales County, Texas.</div><div><span class="Apple-style-span" style="font-family:georgia;"><br />EOG's well results in the Eagle Ford continue to lead the industry. In Gonzales County, the Henkhaus Unit #1H, #2H, #3H, #4H, #6H and #7H wells were drilled on a pattern of 65-acre spacing. The six wells were completed to sales at individual initial production rates ranging from 2,424 to 3,733 barrels of oil per day (Bopd) with 442 to 679 barrels per day (Bpd) of natural gas liquids (NGLs) and 2.2 to 3.4 million cubic feet per day (MMcfd) of natural gas per well. The Mitchell Unit #3H, #4H, #5H, #6H, #7H and #8H wells, which were also drilled as down-spaced pilots, began initial production at 2,833 to 3,527 Bopd with 275 to 485 Bpd of NGLs and 1.4 to 2.4 MMcfd of natural gas per well. The Meyer #3H, #4H, #5H, #8H and #9H wells had individual peak oil rates ranging from 1,647 to 2,813 Bopd with 199 to 413 Bpd of NGLs and 1.0 to 2.1 MMcfd of natural gas.<br /><br />EOG has 100 percent working interest in these 17 Gonzales County wells. "With tremendous resource potential still remaining on our acreage, we continue to test and apply techniques that will increase the oil recovery and potential of the Eagle Ford, our crown jewel. This strategy takes us into the next inning of development. By concentrating our efforts on getting more oil out of the ground early in the development phase, we are taking a good asset and making it great," Papa said. "Looking across the industry, we believe EOG's Eagle Ford position represents the largest domestic net oil discovery in 40 years and the highest rate of return play in North America today."</span></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/eaglefordshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/eaglefordshale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/gonzales-county-tx-eagle-ford-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-555222913177899299Sun, 26 Feb 2012 23:00:00 +00002012-02-26T18:00:00.481-05:00EOGEOG ResourcesnewsOil drillingoil wellsPermian Basinproduction ratesReagan CountyWest texaswolfcamp shaleBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>EOG Resources (EOG) is currently drilling for oil in the <a href="http://www.oilshalegas.com/permianbasinoil.html"><b><span class="Apple-style-span" style="color:#3333ff;">Permian Basin</span></b></a>, Midland Basin, and the <a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;"><b>Wolfcamp Shale</b></span></a>.</div><div><br /></div><div><span style="font-family:georgia;font-size:100%;">In the West Texas Permian Basin, EOG increased drilling activity in the Wolfcamp formation during the second half of 2011 in preparation for a more active year in 2012. EOG reported success from the upper Wolfcamp zone. </span></div><div><span style="font-family:georgia;font-size:100%;"><br /></span></div><div><span style="font-family:georgia;font-size:100%;">The University 9 #2803H in Reagan County, 25 miles west of its current middle Wolfcamp activity began production at 883 Bopd with 68 Bpd of NGLs and 388 Mcfd of natural gas. EOG has a 100 percent working interest in the well."</span></div><div><span class="Apple-style-span" style="font-family: georgia; font-size: medium; "><br /></span></div><div><span class="Apple-style-span" style="font-family: georgia; font-size: medium; ">In Irion County, the University 43 #0902H and 40A #0402H were completed in the middle Wolfcamp zone at initial oil rates of 1,088 and 1,076 Bopd, respectively. In addition to the strong oil production, the wells were turned to sales with 86 and 129 Bpd of NGLs and 489 and 736 Mcfd of natural gas, respectively. EOG has 90 and 85 percent working interest in the wells, respectively. On the border between Irion and Crockett counties, the University 40 #1309H and 38 #0601H began production at 1,738 and 1,077 Bopd with 137 and 119 Bpd of NGLs and 779 and 678 Mcfd of natural gas, respectively. EOG has 88 percent working interest in these wells. EOG plans to operate a four-rig drilling program in the Wolfcamp during 2012.</span></div><div><br /></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://www.oilshalegas.com/permianbasinoil.html"><span class="Apple-style-span" style="color:#3333ff;">http://www.oilshalegas.com/permianbasinoil.html</span></a></div><br /><span class="Apple-style-span" style="color:#3333ff;"><a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/wolfcampshale.html</span></a><br /></span><div><br /><br /></div><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/reagan-county-tx-wolfcamp-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-573695708161514662Sun, 26 Feb 2012 20:02:00 +00002012-02-26T15:02:00.153-05:002012bakken formationBakken Shaledrilling activityEOG ResourcesMountrail Countymtndnewsoil and gas drillingoil montanaoil north dakotaParshall fieldBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>EOG Resources (EOG) recently gave a drilling update in the <a href="http://bakkenshale.net"><b><span class="Apple-style-span" style="color:#3333ff;">Bakken Shale</span></b></a>.</div><div><br /></div><div>Consistent with its game plan to increase recovery rates in existing fields, during 2011 EOG continued infill drilling on its core acreage in the North Dakota Bakken Parshall Field, which it discovered in 2006. Although originally developed on 640-acre spacing, EOG has successfully tested 320-acre down-spacing in various areas and around the perimeters of the field. A recent well in Mountrail County, the Fertile 48-0905H, in which EOG has a 96 percent working interest, was completed at an initial rate of 1,324 Bopd. Also in Mountrail County, the Liberty 24-2531H and Liberty LR 20-26H were drilled on 320-acre spacing. The wells, in which EOG has 82 and 95 percent working interest, respectively, were turned to sales at initial crude oil rates of 1,507 and 1,165 Bopd, respectively. Over the course of 2012, EOG will continue its efforts to increase recovery of the oil-in-place on its Bakken acreage through further down-spacing tests and the initiation of a secondary recovery pilot project.</div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://bakkenshale.net"><span class="Apple-style-span" style="color:#3333ff;">http://bakkenshale.net</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/mountrail-county-nd-bakken-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-7916898425687605413Sun, 26 Feb 2012 15:30:00 +00002012-02-26T10:30:00.472-05:002012cabot oil gascogeagle ford shaleeagle ford shale oil fieldsouth texassouth texas shaleBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>Cabot Oil &amp; Gas (COG) provided an oil &amp; natural gas drilling update in the <a href="http://oilshalegas.com/eaglefordshale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Eagle Ford Shale</span></b></a> play located in South Texas.</div><div><br /></div><div><span class="Apple-style-span" style="font-family:georgia;">Cabot's Eagle Ford activity drove the 68 percent increase in the Company's oil and liquids production between full years 2011 and 2010. This growth came from 29 net wells primarily located in the Company's Buckhorn area in South Texas. Of ten recent well successes, the 24-hour peak production rate for half of the wells has exceeded 1,000 barrels of oil per day, with a 30-day average increasing to around 575 barrels of oil per day. "We have continued our science efforts here to improve realizations in the play with a degree of success including increased EURs, higher reserves per foot completed and increases to initial maximum output rates," commented Dinges. "From these results we expect our oil resource potential to rise again in 2012 as we continue to enhance the play further by exploiting our ability to down-space locations in the field."</span></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/eaglefordshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/eaglefordshale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/cabot-oil-gas-cog-eagle-ford-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-7503663941007432296Sun, 26 Feb 2012 15:00:00 +00002012-02-26T10:00:11.662-05:002012cabot oil gascapital investmentcogmarcellus formationmarcellus shalemineral rightsoil and natural gas fieldpa pennsylvaniaBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>Cabot Oil &amp; Gas (COG) recently reported an operational update on the <a href="http://oilshalegas.com/marcellusshale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Marcellus Shale</span></b></a> in <span class="xn-location">Pennsylvania</span>. </div><div><br /></div><div><span class="Apple-style-span" style="font-family:georgia;font-size:100%;"><span class="xn-location">Cabot</span>'s Marcellus effort created a further step change as the Company exited 2011 with field production at 600 Mmcf per day, up from 236 Mmcf per day at the end of 2010 and up nine-fold since the end of 2009. This performance was driven by superior drilling results, including a dozen wells with initial production rates of more than 20 Mmcf per day, and a year where many of <span class="xn-location">Cabot</span>'s wells stood out as the top performing wells in <span class="xn-location"><location idsrc="xmltag.org" value="LS/us.pa">Pennsylvania</location></span>'s regulatory filings. For the year, <span class="xn-location">Cabot</span> completed 66 Marcellus wells with a total of 904 frac stages. </span><p style="WIDOWS: 2; TEXT-TRANSFORM: none; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: 12px/16px Arial, Helvetica, sans-serif; WHITE-SPACE: normal; ORPHANS: 2; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px"><span style="font-family:georgia;font-size:100%;">Specifically, in data just released by the <org>Pennsylvania Department of Environmental Protection</org> (PaDEP) on cumulative production for the last six months of 2011, <span class="xn-location">Cabot</span> had eight of the top 10 performing wells. In addition, for two of the identified wells, <span class="xn-location">Cabot</span> booked initial estimated ultimate recoverys (EURs) in excess of 20 Bcf each. These two wells, on one pad, have been on production for about 275 days and have cumulative production of 4.5 Bcf each. The Company does have one other well that has exceeded 5.0 Bcf of production since being placed on-line in the summer of 2010. "Also of note, is the result from our first pad drilling effort, which to date has produced 12.5 Bcf in less than 500 days and is still producing about 16 Mmcf per day from three wells," said <span class="xn-person"><person>Dan O. Dinges</person></span>, Chairman, President and Chief Executive Officer.</span></p></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/marcellusshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/marcellusshale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/cabot-oil-gas-cog-marcellus-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-8752137132299493113Sat, 25 Feb 2012 22:10:00 +00002012-02-25T17:11:05.663-05:002012drillingmineral rightsnoble countyohohioohio oh shaleoil fieldutica formationUtica Shalewashington countyBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>Utica Shale News - Magnum Hunter Resources Corporation (NYSE: MHR) provides an update on the <a href="http://oilshalegas.com/uticashale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Utica Shale</span></b></a> located in Noble County, Ohio.</div><div><br /></div><div>Magnum Hunter Resources Corporation (NYSE: MHR) announced today that its wholly-owned subsidiary, Triad Hunter, LLC ("Triad Hunter"), has closed on the acquisition of leasehold mineral interests located predominately in Noble County, Ohio (the "Utica Acreage") from an undisclosed seller for a total purchase price of $24.8 million.<br /><br />The Utica Acreage consists of approximately 15,558 gross (12,186 net) acres predominately located in Noble County, Ohio. The net price paid per acre for this acquisition was $2,037. The majority of the leasehold acreage acquired in this transaction is held by shallower production. The purchase includes all depths of 300 feet below the top of the Queenston Formation down to all further depths. There is no associated shallow production included with this acquisition. There is a possibility of a second closing on another block of similar acreage that may occur on or before April 16, 2012, assuming the Seller can satisfy certain title deficiency requirements.<br /><br />The Utica Acreage is in close proximity to Triad Hunter's existing acreage position in Washington and Noble Counties, Ohio, and now provides Triad Hunter approximately 18,187 gross (14,815 net) acres in in these two counties, and a total of 23,214 gross (17,316 net) acres that are presently prospective for the Utica Shale..</div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/uticashale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/uticashale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/noble-county-ohio-utica-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-4349620796936198831Sat, 25 Feb 2012 20:01:00 +00002012-02-25T15:01:49.952-05:002012bakken formationBakken Shaledrilling activityEOG ResourcesMountrail Countymtndnewsoil and gas drillingoil montanaoil north dakotaParshall fieldBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>EOG Resources (EOG) recently gave a drilling update in the <a href="http://bakkenshale.net"><b><span class="Apple-style-span" style="color:#3333ff;">Bakken Shale</span></b></a>.</div><div><br /></div><div>Consistent with its game plan to increase recovery rates in existing fields, during 2011 EOG continued infill drilling on its core acreage in the North Dakota Bakken Parshall Field, which it discovered in 2006. Although originally developed on 640-acre spacing, EOG has successfully tested 320-acre down-spacing in various areas and around the perimeters of the field. A recent well in Mountrail County, the Fertile 48-0905H, in which EOG has a 96 percent working interest, was completed at an initial rate of 1,324 Bopd. Also in Mountrail County, the Liberty 24-2531H and Liberty LR 20-26H were drilled on 320-acre spacing. The wells, in which EOG has 82 and 95 percent working interest, respectively, were turned to sales at initial crude oil rates of 1,507 and 1,165 Bopd, respectively. Over the course of 2012, EOG will continue its efforts to increase recovery of the oil-in-place on its Bakken acreage through further down-spacing tests and the initiation of a secondary recovery pilot project.</div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://bakkenshale.net"><span class="Apple-style-span" style="color:#3333ff;">http://bakkenshale.net</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/bakken-shale-eog-resources-eog.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-5772345654122426898Sat, 25 Feb 2012 19:46:00 +00002012-02-25T14:47:55.640-05:00EOGEOG ResourcesnewsOil drillingoil wellsPermian Basinproduction ratesWest texaswolfcamp shaleBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>EOG Resources (EOG) is currently drilling for oil in the <a href="http://www.oilshalegas.com/permianbasinoil.html"><b><span class="Apple-style-span" style="color:#3333ff;">Permian Basin</span></b></a>, Midland Basin, and the <a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;"><b>Wolfcamp Shale</b></span></a>.</div><div><br /></div><div><span style="font-family:georgia;font-size:100%;">In the West Texas Permian Basin, EOG increased drilling activity in the Wolfcamp formation during the second half of 2011 in preparation for a more active year in 2012. EOG reported success from the upper Wolfcamp zone. The University 9 #2803H in Reagan County, 25 miles west of its current middle Wolfcamp activity began production at 883 Bopd with 68 Bpd of NGLs and 388 Mcfd of natural gas. EOG has a 100 percent working interest in the well. </span></div><div><span style="font-family:georgia;font-size:100%;"><br /></span></div><div><span style="font-family:georgia;font-size:100%;">In Irion County, the University 43 #0902H and 40A #0402H were completed in the middle Wolfcamp zone at initial oil rates of 1,088 and 1,076 Bopd, respectively. In addition to the strong oil production, the wells were turned to sales with 86 and 129 Bpd of NGLs and 489 and 736 Mcfd of natural gas, respectively. EOG has 90 and 85 percent working interest in the wells, respectively. On the border between Irion and Crockett counties, the University 40 #1309H and 38 #0601H began production at 1,738 and 1,077 Bopd with 137 and 119 Bpd of NGLs and 779 and 678 Mcfd of natural gas, respectively. EOG has 88 percent working interest in these wells. EOG plans to operate a four-rig drilling program in the Wolfcamp during 2012.<br /></span></div><div><br /></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://www.oilshalegas.com/permianbasinoil.html"><span class="Apple-style-span" style="color:#3333ff;">http://www.oilshalegas.com/permianbasinoil.html</span></a></div><br /><span class="Apple-style-span" style="color:#3333ff;"><a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/wolfcampshale.html</span></a><br /></span><div><br /><br /></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/irion-county-tx-wolfcamp-shale_25.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-6476539581258730063Sat, 25 Feb 2012 19:37:00 +00002012-02-25T14:37:00.184-05:002012apaapacheGranite Washnewsoil fieldoldham countyTexas PanhandleWhittenburg Basin PlayBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>Apache (APA) recently came out and discussed a new emerging oil play in the <a href="http://oilshalegas.com/granitewash.html"><b><span class="Apple-style-span" style="color:#3333ff;">Granite Wash area</span></b></a>. This formation is called the Whittenburg Basin Play and is located in the Texas Panhandle.</div><div><br /></div><div><p><org idsrc="xmltag.org" value="NYSE:APA">Apache Corporation</org> (NYSE, Nasdaq: APA) today reported encouraging results in its exploratory drilling program in the emerging <location>Whittenburg Basin</location> play in the <span class="xn-location">Texas <location>Panhandle</location></span>. Five of six initial vertical tests were completed as oil producers in the Canyon Wash interval. </p><p><span class="xn-location">Apache</span> has leased or purchased approximately 96,000 net acres in the <location>Bivins Ranch</location> area, a 200-square-mile block in <b><span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.harley">Hartley</location></span>, <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.oldham">Oldham</location></span>, <span class="xn-location">Potter</span> and <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.moore">Moore</location></span> counties</b>, and operates all leases, most with 73.5-percent working interests. The block is immediately south of the prolific Panhandle Dolomite field and north of two 25-well Canyon Wash fields.</p><p><location>The Bivins Ranch</location> acreage play is part of <span class="xn-location">Apache</span>'s stepped-up program to explore in underdeveloped areas — beyond existing operations — that can benefit from <span class="xn-location">Apache</span>'s technical expertise and financial capacity. Prior to <span class="xn-location">Apache</span>'s recent activity, just 21 wells were drilled on the block, which is located about 100 miles west of <span class="xn-location">Apache</span>'s <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.ok.anarko">Anadarko</location></span> Basin properties. </p><p>"We are very encouraged that our early results support our geological model. We plan to expand our exploratory program using newly acquired 3-D seismic," said <span class="xn-person"><person value="APIN:4194500517">Robert Johnston</person></span>, <span class="xn-location">Apache</span>'s <location>Central Region</location> vice president. "Advances in horizontal drilling and multi-stage fracture stimulations have greatly improved the economics of drilling in oil and liquids-rich formations across western <span class="xn-location"><location idsrc="xmltag.org" value="LS/us.ok">Oklahoma</location></span> and the <span class="xn-location">Texas <location>Panhandle</location></span>; the wells we have drilled thus far in the <location>Bivins Ranch</location> area have all the ingredients to suggest that these techniques may generate even greater productivity.</p><p>"We are eager to continue to test the acreage, and we plan to commence horizontal development drilling in mid-2012," Johnston said. </p><p><span class="xn-location">Apache</span>'s new producing wells in the <location>Bivins Ranch</location> area include:</p><ul type="disc"><li>The Bivins-LIT 3-2 averaged 1,001 barrels of oil and 839 thousand cubic feet (Mcf) per day from 80 feet of pay during the first 30 days of production. </li><li>The Bivins-LIT 28-2 averaged 315 barrels of oil and 123 Mcf from 140 feet of pay for the first 30 days of production. </li><li>The Bivins-LIT 115-1 averaged 175 barrels of oil and 97 Mcf from 231 feet of net pay for the first 30 days of production. </li><li>The recently completed Bivins-LIT 4-3 has been on production less than a week; it is currently producing 137 barrels of oil and 105 Mcf of gas from 150 feet of pay. </li><li>The Bivins-West 219-2 has averaged 107 barrels of oil and 42 Mcf per day from 50 feet of pay during the first 21 days of production. </li></ul><p><span class="xn-location">Apache</span>'s initial drilling locations were developed using a 64-square-mile 3-D seismic survey. <span class="xn-location">Apache</span> recently completed a 244-square-mile 3-D survey over the remainder of the acreage with final processing expected in the first quarter. Ten additional wells are scheduled during 2012.</p></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://investor.apachecorp.com/releasedetail.cfm?ReleaseID=649195"><span class="Apple-style-span" style="color:#3333ff;">http://investor.apachecorp.com/releasedetail.cfm?ReleaseID=649195</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/oil-discovery-in-texas-2012-apache-apa.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-4413842087051536057Sat, 25 Feb 2012 19:23:00 +00002012-02-25T14:23:23.377-05:002012acresbarnett combo oil playbarnett shaleEOGEOG ResourcesOil drillingoil wellsproduction rateswell costBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><b>EOG Resources (EOG) - Barnett Shale Combo Play - Oil Field Texas</b></div><div><br /></div><div>EOG Resources (EOG) is out with their <a href="http://oilshalegas.com/barnettshale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Barnett Shale Combo Play</span></b></a> update. The Barnett Shale combo play is a zone of oil and natural gas.</div><div><br /></div><div>In the Fort Worth Barnett Shale Combo, EOG's second largest driver of liquids growth during 2011, total liquids production increased 107 percent compared to 2010, driven by a 124 percent increase in crude oil and condensate production. In Montague County, a pattern of five horizontal wells, the Badger A Unit #1H, B Unit #2H, C Unit #3H, D Unit #4H and E Unit #5H showed initial peak oil production rates ranging from 525 to 659 Bopd with 106 to 205 Bpd of NGLs and 704 to 1,361 Mcfd (thousand cubic feet per day) of natural gas per well. EOG has 100 percent working interest in the wells, which had an average peak crude oil production rate of 604 Bopd per well. A series of 10 McKown wells drilled in Cooke County, began producing to sales at an average oil rate of 689 Bopd, with 210 Bpd of NGLs and 1.4 MMcfd of natural gas per well. EOG has 93 percent working interest in these wells. During 2011, EOG expanded its core holdings in the Barnett Combo by approximately 25,000 acres to 200,000 net acres. Following the success of its drilling program last year, EOG expects the Barnett Combo to be its second largest liquids production growth contributor again in 2012.</div><div><br /></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/barnettshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/barnettshale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/eog-resources-eog-barnett-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-883597189551547680Sat, 25 Feb 2012 19:06:00 +00002012-02-25T14:06:54.296-05:002012eagle ford shaleeagle ford shale oil fieldEOGEOG Resourcessouth texassouth texas shaleBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>EOG Resources (EOG) provided an oil &amp; natural gas drilling update in the <a href="http://oilshalegas.com/eaglefordshale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Eagle Ford Shale</span></b></a> play located in South Texas.</div><div><br /></div><div><span class="Apple-style-span" style="font-family:georgia;">Starting 2011 with a 12-rig drilling program that ramped up to 26 rigs in December, EOG drilled and completed 244 net wells during the year with a focus on optimizing completion techniques, in addition to reducing drilling days and overall well costs. Moving into development mode early in 2011, EOG began shifting its attention to increasing recovery of the oil-in-place in the field. To test the impact of well spacing on reserve recoveries, EOG drilled eight pilot programs that included 33 total wells. Based on production analysis from these pilots and reservoir modeling, EOG is now pursuing development drilling on 65 to 90-acre spacing, significantly tighter than the original density of 130 acres between wells.<br /><br />After taking into account both the excellent results from the 375 wells it has drilled to date across its 120-mile acreage position and the results from the down-spaced drilling tests, EOG has increased its estimated potential reserves in the Eagle Ford from 900 million barrels of oil equivalent (MMboe) to 1,600 MMboe, net after royalty (NAR). The 700 MMBoe, NAR, or 78 percent increase represents an estimated 6 percent recovery factor. On its 572,000 net acres in the prolific oil window, EOG has identified approximately 3,200 remaining drilling locations and increased its average per well estimate to 450 thousand barrels of oil equivalent (MBoe), NAR.<br /><br />EOG's well results in the Eagle Ford continue to lead the industry. In Gonzales County, the Henkhaus Unit #1H, #2H, #3H, #4H, #6H and #7H wells were drilled on a pattern of 65-acre spacing. The six wells were completed to sales at individual initial production rates ranging from 2,424 to 3,733 barrels of oil per day (Bopd) with 442 to 679 barrels per day (Bpd) of natural gas liquids (NGLs) and 2.2 to 3.4 million cubic feet per day (MMcfd) of natural gas per well. The Mitchell Unit #3H, #4H, #5H, #6H, #7H and #8H wells, which were also drilled as down-spaced pilots, began initial production at 2,833 to 3,527 Bopd with 275 to 485 Bpd of NGLs and 1.4 to 2.4 MMcfd of natural gas per well. The Meyer #3H, #4H, #5H, #8H and #9H wells had individual peak oil rates ranging from 1,647 to 2,813 Bopd with 199 to 413 Bpd of NGLs and 1.0 to 2.1 MMcfd of natural gas.<br /><br />EOG has 100 percent working interest in these 17 Gonzales County wells. "With tremendous resource potential still remaining on our acreage, we continue to test and apply techniques that will increase the oil recovery and potential of the Eagle Ford, our crown jewel. This strategy takes us into the next inning of development. By concentrating our efforts on getting more oil out of the ground early in the development phase, we are taking a good asset and making it great," Papa said. "Looking across the industry, we believe EOG's Eagle Ford position represents the largest domestic net oil discovery in 40 years and the highest rate of return play in North America today."</span></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/eaglefordshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/eaglefordshale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/eog-resources-eog-eagle-ford-shale.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-8876694530616549333Fri, 24 Feb 2012 19:36:00 +00002012-02-24T14:36:00.606-05:002012apaapacheGranite Washmoore countynewsoil fieldTexas PanhandleWhittenburg Basin PlayBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>Apache (APA) recently came out and discussed a new emerging oil play in the <a href="http://oilshalegas.com/granitewash.html"><b><span class="Apple-style-span" style="color:#3333ff;">Granite Wash area</span></b></a>. This formation is called the Whittenburg Basin Play and is located in the Texas Panhandle.</div><div><br /></div><div><p><org idsrc="xmltag.org" value="NYSE:APA">Apache Corporation</org> (NYSE, Nasdaq: APA) today reported encouraging results in its exploratory drilling program in the emerging <location>Whittenburg Basin</location> play in the <span class="xn-location">Texas <location>Panhandle</location></span>. Five of six initial vertical tests were completed as oil producers in the Canyon Wash interval. </p><p><span class="xn-location">Apache</span> has leased or purchased approximately 96,000 net acres in the <location>Bivins Ranch</location> area, a 200-square-mile block in <b><span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.harley">Hartley</location></span>, <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.oldham">Oldham</location></span>, <span class="xn-location">Potter</span> and <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.moore">Moore</location></span> counties</b>, and operates all leases, most with 73.5-percent working interests. The block is immediately south of the prolific Panhandle Dolomite field and north of two 25-well Canyon Wash fields.</p><p><location>The Bivins Ranch</location> acreage play is part of <span class="xn-location">Apache</span>'s stepped-up program to explore in underdeveloped areas — beyond existing operations — that can benefit from <span class="xn-location">Apache</span>'s technical expertise and financial capacity. Prior to <span class="xn-location">Apache</span>'s recent activity, just 21 wells were drilled on the block, which is located about 100 miles west of <span class="xn-location">Apache</span>'s <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.ok.anarko">Anadarko</location></span> Basin properties. </p><p>"We are very encouraged that our early results support our geological model. We plan to expand our exploratory program using newly acquired 3-D seismic," said <span class="xn-person"><person value="APIN:4194500517">Robert Johnston</person></span>, <span class="xn-location">Apache</span>'s <location>Central Region</location> vice president. "Advances in horizontal drilling and multi-stage fracture stimulations have greatly improved the economics of drilling in oil and liquids-rich formations across western <span class="xn-location"><location idsrc="xmltag.org" value="LS/us.ok">Oklahoma</location></span> and the <span class="xn-location">Texas <location>Panhandle</location></span>; the wells we have drilled thus far in the <location>Bivins Ranch</location> area have all the ingredients to suggest that these techniques may generate even greater productivity.</p><p>"We are eager to continue to test the acreage, and we plan to commence horizontal development drilling in mid-2012," Johnston said. </p><p><span class="xn-location">Apache</span>'s new producing wells in the <location>Bivins Ranch</location> area include:</p><ul type="disc"><li>The Bivins-LIT 3-2 averaged 1,001 barrels of oil and 839 thousand cubic feet (Mcf) per day from 80 feet of pay during the first 30 days of production. </li><li>The Bivins-LIT 28-2 averaged 315 barrels of oil and 123 Mcf from 140 feet of pay for the first 30 days of production. </li><li>The Bivins-LIT 115-1 averaged 175 barrels of oil and 97 Mcf from 231 feet of net pay for the first 30 days of production. </li><li>The recently completed Bivins-LIT 4-3 has been on production less than a week; it is currently producing 137 barrels of oil and 105 Mcf of gas from 150 feet of pay. </li><li>The Bivins-West 219-2 has averaged 107 barrels of oil and 42 Mcf per day from 50 feet of pay during the first 21 days of production. </li></ul><p><span class="xn-location">Apache</span>'s initial drilling locations were developed using a 64-square-mile 3-D seismic survey. <span class="xn-location">Apache</span> recently completed a 244-square-mile 3-D survey over the remainder of the acreage with final processing expected in the first quarter. Ten additional wells are scheduled during 2012.</p></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://investor.apachecorp.com/releasedetail.cfm?ReleaseID=649195"><span class="Apple-style-span" style="color:#3333ff;">http://investor.apachecorp.com/releasedetail.cfm?ReleaseID=649195</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/moore-county-texas-oil-and-natural-gas.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-7182841244348918113Fri, 24 Feb 2012 19:01:00 +00002012-02-24T14:01:00.517-05:002012Cimarex Energy (XEC)Culberson countymidland basinOil drillingoil wellsPermian BasinTexasWolfcampwolfcamp shaleBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><b>Wolfcamp Shale Update - Cimarex Energy (XEC)</b></div><div><br /></div><div>Cimarex Energy (XEC) provides an update on drilling for oil in the <a href="http://oilshalegas.com/wolfcampshale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Wolfcamp Shale</span></b></a> located in Culberson County, TX</div><div><br /></div><div>In the fourth-quarter, four horizontal Wolfcamp wells were brought on production in southern <span class="xn-location"><location value="LU/us.nm.eddy" idsrc="xmltag.org">Eddy County New Mexico</location></span> (White City) and northern <span class="xn-location"><location value="LU/us.tx.culson" idsrc="xmltag.org">Culberson County Texas</location></span>. The wells brought on in the fourth-quarter had first-30 day production rates averaging 6.8 MMcfe/d, comprised of 38% gas, 31% oil and 31% NGL. On average these wells have the highest oil contribution of the wells drilled to date in the Wolfcamp. For 2011 Cimarex drilled and completed 11 gross (10 net) horizontal Wolfcamp wells, bringing total wells in the play to 18 gross (16.8 net). First 30-day production from all the wells has averaged over 6.5 MMcfe/d, comprised of 44% gas, 24% oil and 32% NGL.</div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/wolfcampshale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/culberson-county-tx-wolfcamp-shale-oil.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-1367806474608715282Thu, 23 Feb 2012 18:35:00 +00002012-02-23T13:35:00.268-05:002012apaapacheGranite Washnewsoil fieldPotter countyTexas PanhandleWhittenburg Basin PlayBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>Apache (APA) recently came out and discussed a new emerging oil play in the <a href="http://oilshalegas.com/granitewash.html"><b><span class="Apple-style-span" style="color:#3333ff;">Granite Wash area</span></b></a>. This formation is called the Whittenburg Basin Play and is located in the Texas Panhandle.</div><div><br /></div><div><p><org idsrc="xmltag.org" value="NYSE:APA">Apache Corporation</org> (NYSE, Nasdaq: APA) today reported encouraging results in its exploratory drilling program in the emerging <location>Whittenburg Basin</location> play in the <span class="xn-location">Texas <location>Panhandle</location></span>. Five of six initial vertical tests were completed as oil producers in the Canyon Wash interval. </p><p><span class="xn-location">Apache</span> has leased or purchased approximately 96,000 net acres in the <location>Bivins Ranch</location> area, a 200-square-mile block in <b><span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.harley">Hartley</location></span>, <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.oldham">Oldham</location></span>, <span class="xn-location">Potter</span> and <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.moore">Moore</location></span> counties</b>, and operates all leases, most with 73.5-percent working interests. The block is immediately south of the prolific Panhandle Dolomite field and north of two 25-well Canyon Wash fields.</p><p><location>The Bivins Ranch</location> acreage play is part of <span class="xn-location">Apache</span>'s stepped-up program to explore in underdeveloped areas — beyond existing operations — that can benefit from <span class="xn-location">Apache</span>'s technical expertise and financial capacity. Prior to <span class="xn-location">Apache</span>'s recent activity, just 21 wells were drilled on the block, which is located about 100 miles west of <span class="xn-location">Apache</span>'s <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.ok.anarko">Anadarko</location></span> Basin properties. </p><p>"We are very encouraged that our early results support our geological model. We plan to expand our exploratory program using newly acquired 3-D seismic," said <span class="xn-person"><person value="APIN:4194500517">Robert Johnston</person></span>, <span class="xn-location">Apache</span>'s <location>Central Region</location> vice president. "Advances in horizontal drilling and multi-stage fracture stimulations have greatly improved the economics of drilling in oil and liquids-rich formations across western <span class="xn-location"><location idsrc="xmltag.org" value="LS/us.ok">Oklahoma</location></span> and the <span class="xn-location">Texas <location>Panhandle</location></span>; the wells we have drilled thus far in the <location>Bivins Ranch</location> area have all the ingredients to suggest that these techniques may generate even greater productivity.</p><p>"We are eager to continue to test the acreage, and we plan to commence horizontal development drilling in mid-2012," Johnston said. </p><p><span class="xn-location">Apache</span>'s new producing wells in the <location>Bivins Ranch</location> area include:</p><ul type="disc"><li>The Bivins-LIT 3-2 averaged 1,001 barrels of oil and 839 thousand cubic feet (Mcf) per day from 80 feet of pay during the first 30 days of production. </li><li>The Bivins-LIT 28-2 averaged 315 barrels of oil and 123 Mcf from 140 feet of pay for the first 30 days of production. </li><li>The Bivins-LIT 115-1 averaged 175 barrels of oil and 97 Mcf from 231 feet of net pay for the first 30 days of production. </li><li>The recently completed Bivins-LIT 4-3 has been on production less than a week; it is currently producing 137 barrels of oil and 105 Mcf of gas from 150 feet of pay. </li><li>The Bivins-West 219-2 has averaged 107 barrels of oil and 42 Mcf per day from 50 feet of pay during the first 21 days of production. </li></ul><p><span class="xn-location">Apache</span>'s initial drilling locations were developed using a 64-square-mile 3-D seismic survey. <span class="xn-location">Apache</span> recently completed a 244-square-mile 3-D survey over the remainder of the acreage with final processing expected in the first quarter. Ten additional wells are scheduled during 2012.</p></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://investor.apachecorp.com/releasedetail.cfm?ReleaseID=649195"><span class="Apple-style-span" style="color:#3333ff;">http://investor.apachecorp.com/releasedetail.cfm?ReleaseID=649195</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/potter-county-texas-oil-and-natural-gas.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-1939187162126349687Thu, 23 Feb 2012 14:35:00 +00002012-02-23T09:35:00.548-05:002012Devon Energy Corp. (DVN)midland basinOil drillingoil wellsPermian BasinTexasWolfcampwolfcamp shaleBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><b>Wolfcamp Shale Update - Devon Energy (DVN)</b></div><div><br /></div><div>Devon Energy (DVN) provides an update on drilling for oil in the <a href="http://oilshalegas.com/wolfcampshale.html"><b><span class="Apple-style-span" style="color:#3333ff;">Wolfcamp Shale</span></b></a> located in the Midland Basin.</div><div><br /></div><div>We only recently began drilling on the 92,000-net-acre Wolfcamp shale position that we have established in the Southern Midland Basin. We brought 4 Wolfcamp Shale horizontal wells online in the fourth quarter, with the best well delivering a 24-hour IP of 935 barrels of oil equivalent per day. The results of our wells, combined with industry results around our position, give us confidence and consistent economic results in this play. We are continuing to fine-tune our drilling and completion techniques and have just finished drilling our first 7,100-foot lateral, which included a 30-stage completion. This well is just starting to flow back. We'll keep you posted and updated on our progress.</div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://oilshalegas.com/wolfcampshale.html"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com/wolfcampshale.html</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/wolfcamp-shale-devon-energy-dvn.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-4529840435859887893Wed, 22 Feb 2012 19:33:00 +00002012-02-22T14:33:00.279-05:002012apaapacheGranite Washnewsoil fieldoldham countyTexas PanhandleWhittenburg Basin PlayBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>Apache (APA) recently came out and discussed a new emerging oil play in the <a href="http://oilshalegas.com/granitewash.html"><b><span class="Apple-style-span" style="color:#3333ff;">Granite Wash area</span></b></a>. This formation is called the Whittenburg Basin Play and is located in the Texas Panhandle.</div><div><br /></div><div><p><org idsrc="xmltag.org" value="NYSE:APA">Apache Corporation</org> (NYSE, Nasdaq: APA) today reported encouraging results in its exploratory drilling program in the emerging <location>Whittenburg Basin</location> play in the <span class="xn-location">Texas <location>Panhandle</location></span>. Five of six initial vertical tests were completed as oil producers in the Canyon Wash interval. </p><p><span class="xn-location">Apache</span> has leased or purchased approximately 96,000 net acres in the <location>Bivins Ranch</location> area, a 200-square-mile block in <b><span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.harley">Hartley</location></span>, <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.oldham">Oldham</location></span>, <span class="xn-location">Potter</span> and <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.moore">Moore</location></span> counties</b>, and operates all leases, most with 73.5-percent working interests. The block is immediately south of the prolific Panhandle Dolomite field and north of two 25-well Canyon Wash fields.</p><p><location>The Bivins Ranch</location> acreage play is part of <span class="xn-location">Apache</span>'s stepped-up program to explore in underdeveloped areas — beyond existing operations — that can benefit from <span class="xn-location">Apache</span>'s technical expertise and financial capacity. Prior to <span class="xn-location">Apache</span>'s recent activity, just 21 wells were drilled on the block, which is located about 100 miles west of <span class="xn-location">Apache</span>'s <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.ok.anarko">Anadarko</location></span> Basin properties. </p><p>"We are very encouraged that our early results support our geological model. We plan to expand our exploratory program using newly acquired 3-D seismic," said <span class="xn-person"><person value="APIN:4194500517">Robert Johnston</person></span>, <span class="xn-location">Apache</span>'s <location>Central Region</location> vice president. "Advances in horizontal drilling and multi-stage fracture stimulations have greatly improved the economics of drilling in oil and liquids-rich formations across western <span class="xn-location"><location idsrc="xmltag.org" value="LS/us.ok">Oklahoma</location></span> and the <span class="xn-location">Texas <location>Panhandle</location></span>; the wells we have drilled thus far in the <location>Bivins Ranch</location> area have all the ingredients to suggest that these techniques may generate even greater productivity.</p><p>"We are eager to continue to test the acreage, and we plan to commence horizontal development drilling in mid-2012," Johnston said. </p><p><span class="xn-location">Apache</span>'s new producing wells in the <location>Bivins Ranch</location> area include:</p><ul type="disc"><li>The Bivins-LIT 3-2 averaged 1,001 barrels of oil and 839 thousand cubic feet (Mcf) per day from 80 feet of pay during the first 30 days of production. </li><li>The Bivins-LIT 28-2 averaged 315 barrels of oil and 123 Mcf from 140 feet of pay for the first 30 days of production. </li><li>The Bivins-LIT 115-1 averaged 175 barrels of oil and 97 Mcf from 231 feet of net pay for the first 30 days of production. </li><li>The recently completed Bivins-LIT 4-3 has been on production less than a week; it is currently producing 137 barrels of oil and 105 Mcf of gas from 150 feet of pay. </li><li>The Bivins-West 219-2 has averaged 107 barrels of oil and 42 Mcf per day from 50 feet of pay during the first 21 days of production. </li></ul><p><span class="xn-location">Apache</span>'s initial drilling locations were developed using a 64-square-mile 3-D seismic survey. <span class="xn-location">Apache</span> recently completed a 244-square-mile 3-D survey over the remainder of the acreage with final processing expected in the first quarter. Ten additional wells are scheduled during 2012.</p></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://investor.apachecorp.com/releasedetail.cfm?ReleaseID=649195"><span class="Apple-style-span" style="color:#3333ff;">http://investor.apachecorp.com/releasedetail.cfm?ReleaseID=649195</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/oldham-county-texas-oil-and-natural-gas.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-7542153864151538654Wed, 22 Feb 2012 14:10:00 +00002012-02-22T09:10:00.726-05:00Devon Energy Corp. (DVN)devon energy DVNmidland basinnewsOil drillingoil wellsPermian Basinproduction ratesWest texasBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>Devon Energy (DVN) is currently drilling for oil in the <a href="http://www.oilshalegas.com/permianbasinoil.html"><b><span class="Apple-style-span" style="color:#3333ff;">Permian Basin</span></b></a>, Midland Basin, and the <a href="http://www.bonespring.com/"><b><span class="Apple-style-span" style="color:#3333ff;">Bone Spring Shale play</span></b></a>. Devon Energy (DVN) is one of the leaders in the Bone Spring Formation.</div><div><br /></div><div>In the <location>Permian Basin</location>, Devon increased oil and natural gas liquids production 22 percent compared to the fourth-quarter 2010. Liquids production accounted for nearly 75 percent of the 53,000 equivalent barrels per day produced in the <location>Permian Basin</location> during the quarter.</div><div><br /></div><div>The company completed eight operated Bone Spring wells within the <location>Permian Basin</location> in the fourth quarter. Initial daily production from the eight wells averaged more than 600 Boe per day per well.</div><div><br /></div><div><b>From the recent conference call - February 2012</b><br /><br />Mark Gilman - The Benchmark Company, LLC, Research Division<br /><br />Okay. My follow-up, Dave, relates primarily to the Bone Springs in the Permian, an area where, in the recent past, results have been pretty good. I wonder if you could update us. I didn't hear you specifically mention Bone Springs activity in your review of the quarter.<br /><br />David A. Hager<br /><br />Well, we've had a number of good Bone Springs wells in the quarter. I think we highlighted, actually, in the earnings release that we had a number of good Bone Springs wells on the order of around 600 barrels a day or so that we achieved out there. I think we had 8 wells average more than 600 barrels per day, 8 operated wells in the fourth quarter that achieved more than 600 barrels a day so we're seeing very good results out there. We see a good inventory of opportunities sitting out there. We estimate we probably have 350 to 400 locations remaining in the Bone Springs just on our existing inventory and will probably drill somewhere around 80 this year. So again, you can see 4- to 5-year inventory of Bone Springs opportunities.<br /><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://www.oilshalegas.com/permianbasinoil.html"><span class="Apple-style-span" style="color:#3333ff;">http://www.oilshalegas.com/permianbasinoil.html</span></a></div><br /><a href="http://www.bonespring.com/"><span class="Apple-style-span" style="color:#3333ff;">http://www.bonespring.com</span></a><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span><br /></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/devon-energy-dvn-permian-basin-update.htmlnoreply@blogger.com (Tim)tag:blogger.com,1999:blog-3439643370415773200.post-6641148312035138070Tue, 21 Feb 2012 19:35:00 +00002012-02-21T14:35:00.485-05:002012apaapacheGranite Washhartley countynewsoil fieldTexas PanhandleWhittenburg Basin PlayBy Tim <span class="Apple-style-span" style="color:#3333ff;">- <a href="http://oilshalegas.com/"><span class="Apple-style-span" style="color:#3333ff;">http://oilshalegas.com</span></a></span><div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div><span class="Apple-style-span" style="color:#3333ff;"><br /></span></div><div>Apache (APA) recently came out and discussed a new emerging oil play in the <a href="http://oilshalegas.com/granitewash.html"><b><span class="Apple-style-span" style="color:#3333ff;">Granite Wash area</span></b></a>. This formation is called the Whittenburg Basin Play and is located in the Texas Panhandle.</div><div><br /></div><div><p><org idsrc="xmltag.org" value="NYSE:APA">Apache Corporation</org> (NYSE, Nasdaq: APA) today reported encouraging results in its exploratory drilling program in the emerging <location>Whittenburg Basin</location> play in the <span class="xn-location">Texas <location>Panhandle</location></span>. Five of six initial vertical tests were completed as oil producers in the Canyon Wash interval. </p><p><span class="xn-location">Apache</span> has leased or purchased approximately 96,000 net acres in the <location>Bivins Ranch</location> area, a 200-square-mile block in <b><span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.harley">Hartley</location></span>, <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.oldham">Oldham</location></span>, <span class="xn-location">Potter</span> and <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.tx.moore">Moore</location></span> counties</b>, and operates all leases, most with 73.5-percent working interests. The block is immediately south of the prolific Panhandle Dolomite field and north of two 25-well Canyon Wash fields.</p><p><location>The Bivins Ranch</location> acreage play is part of <span class="xn-location">Apache</span>'s stepped-up program to explore in underdeveloped areas — beyond existing operations — that can benefit from <span class="xn-location">Apache</span>'s technical expertise and financial capacity. Prior to <span class="xn-location">Apache</span>'s recent activity, just 21 wells were drilled on the block, which is located about 100 miles west of <span class="xn-location">Apache</span>'s <span class="xn-location"><location idsrc="xmltag.org" value="LU/us.ok.anarko">Anadarko</location></span> Basin properties. </p><p>"We are very encouraged that our early results support our geological model. We plan to expand our exploratory program using newly acquired 3-D seismic," said <span class="xn-person"><person value="APIN:4194500517">Robert Johnston</person></span>, <span class="xn-location">Apache</span>'s <location>Central Region</location> vice president. "Advances in horizontal drilling and multi-stage fracture stimulations have greatly improved the economics of drilling in oil and liquids-rich formations across western <span class="xn-location"><location idsrc="xmltag.org" value="LS/us.ok">Oklahoma</location></span> and the <span class="xn-location">Texas <location>Panhandle</location></span>; the wells we have drilled thus far in the <location>Bivins Ranch</location> area have all the ingredients to suggest that these techniques may generate even greater productivity.</p><p>"We are eager to continue to test the acreage, and we plan to commence horizontal development drilling in mid-2012," Johnston said. </p><p><span class="xn-location">Apache</span>'s new producing wells in the <location>Bivins Ranch</location> area include:</p><ul type="disc"><li>The Bivins-LIT 3-2 averaged 1,001 barrels of oil and 839 thousand cubic feet (Mcf) per day from 80 feet of pay during the first 30 days of production. </li><li>The Bivins-LIT 28-2 averaged 315 barrels of oil and 123 Mcf from 140 feet of pay for the first 30 days of production. </li><li>The Bivins-LIT 115-1 averaged 175 barrels of oil and 97 Mcf from 231 feet of net pay for the first 30 days of production. </li><li>The recently completed Bivins-LIT 4-3 has been on production less than a week; it is currently producing 137 barrels of oil and 105 Mcf of gas from 150 feet of pay. </li><li>The Bivins-West 219-2 has averaged 107 barrels of oil and 42 Mcf per day from 50 feet of pay during the first 21 days of production. </li></ul><p><span class="xn-location">Apache</span>'s initial drilling locations were developed using a 64-square-mile 3-D seismic survey. <span class="xn-location">Apache</span> recently completed a 244-square-mile 3-D survey over the remainder of the acreage with final processing expected in the first quarter. Ten additional wells are scheduled during 2012.</p></div><div><br /></div><div><a href="http://blackberrystocks.blogspot.com/"><span class="Apple-style-span" style="color:#3333ff;">http://blackberrystocks.blogspot.com/</span></a></div><br /><a href="http://investor.apachecorp.com/releasedetail.cfm?ReleaseID=649195"><span class="Apple-style-span" style="color:#3333ff;">http://investor.apachecorp.com/releasedetail.cfm?ReleaseID=649195</span></a></div><br /><br /><body bgcolor="#FFFFFF" ondragstart="return false" onselectstart="return false" oncontextmenu="return false">http://blackberrystocks.blogspot.com/2012/02/harley-county-texas-oil-and-natural-gas.htmlnoreply@blogger.com (Tim)