INDUSTRY NEWS
West Texas Delaware Basin Area
The Delaware Basin Area is made up of a number of gathering line segments throughout Loving, Ward, Winkler and Reeves Counties, Texas, gathering lean, Penn formation gas, as well as oil and liquids rich Bone Spring and Avalon gas. The gas gathering system is constructed and operated by Delaware Basin JV Gathering LLC ("DBJV"), a 50/50 Joint Venture between Anadarko and Access Midstream Partners, LP. The lean natural gas from the Penn formation can be delivered to various points on Enterprise GC, L.P., while the Bone Spring and Avalon gas is delivered to various third party processors, including Regency Field Services, Southern Union Gas Services and Targa Midstream Services, to capture the processing uplift.
Goodrich Petroleum Announces Tuscaloosa Marine Shale Well Result
Press Release Feb. 6, 2013, 7:51 a.m. EST
Goodrich Petroleum Corporation (NYSE: GDP) today announced the completion of its Crosby 12H-1 (50% WI)
well in Wilkinson County, Mississippi. The well is continuing to improve with a current production rate of 1,250 barrels of oil equivalent ("BOE") per day and a 24 hour average rate of 1,130 BOE per day comprised of 1,050 barrels of oil and 469 Mcf of gas, on a 15/64" choke with 2,700 psi. The well, which has approximately 6,700 feet of usable lateral and was fracked with 25 stages, is in the early stage of flowback, with approximately 1% of the frac fluid recovered to date.
The Company is also participating in the Anderson 17H-2 well, which is currently drilling, with a 7% non-operated working interest. The Company plans to spud its next operated TMS well, the Smith 5-29H-1, during the second quarter. The Ash 31H-1 and Ash 31H-2 wells, in which the Company has a 12% non-operated working interest, are currently expected to be completed in February.
Halcón Resources Unveils New East Texas Eagle Ford Shale Play
HOUSTON, TEXAS , April 15, 2013 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company")
Internally referred to as El Halcón, this new East Texas Eagle Ford Shale play has been established as the Company's fourth core area. The play extends across several counties in East Texas. Halcón is targeting 150,000 net acres in the play and currently has in excess of 50,000 net acres leased or under contract.
Fervor grows for Tuscaloosa Marine Shale
By Ted Carter, Published: May 17,2013
Mississippi’s leaders expect a parade of oil drillers to converge on the southwest corner of the state and are happy to cover the cost of striking up the marching music.
When a potential to fill seven billion barrels awaits, let’s get cracking, they say.
So far, state officials are getting the answer they wanted when they extended a lucrative tax break to energy production companies prepared to drill horizontal wells more than 10,000 feet below ground to reach what is known as the Tuscaloosa Marine Shale (TMS). The expectation is to extract Texas-size amounts of oil and liquid natural gas drillers have known about for decades but only in recent years have perfected a cost-effective hydraulic fracturing technique that frees the oil and gas from the shale deposits in which it has been trapped for eons.
Devon selling off majority of central Louisiana oil, gas leases
POSTED: 04:28 PM Wednesday, January 30, 2013, BY: Jennifer Larino, Managing Editor
Devon Energy Corp. is putting the majority of its oil and gas leases in central Louisiana up for sale, a sign that the emerging Tuscaloosa Marine Shale shale oil play faces stiff competition for investment dollars from trends in other parts of the country.
The Oklahoma City-based company has enlisted Scotia Waterous Inc. to help it sell 297,000 net acres in the play, largely located in East Feliciana, West Feliciana, Helena and Tangipahoa parishes. Devon spent $50 million to acquire the leases and has already drilled eight wells in the area, including six horizontal wells producing about 600 barrels of oil per day and one well awaiting completion. The majority of the leasehold is untouched, however.