Interesting article that includes indications of Eaglebine economics

Towards the middle of the document

"

Its most recent Woodbine completion, Jackie
Robinson 2-H, came on at 371 barrels of oil, 20
barrels of gas liquids and 55,000 cubic feet of
dry gas or a combined 400 BOE in its first 24
hours on a restricted 16/64-inch choke. It made
an average of 270 BOE per day in its first 30
days on a 22/64 choke. The EUR is some
350,000 BOE.
Wells in this new play, which is currently focused in Grimes, Madison, Leon and Brazos
counties, cost about $4.5 million apiece for
6,000-foot laterals and 21 frac stages spaced
about 225 feet apart. “Part of the lower cost is
because it’s shallow at about 7,500 feet,” says
Frank Starr, Crimson Energy president.
Also, because of the conventional nature of
the rock, a low-horsepower rig of about 1,000
HP may be adequate. And, frac jobs in the
mostly sandstone formation are at relatively
low pressures compared with completing a well"

Lots of good stuff in following paragraphs as well.  Looks like the region is in for a big boom

Tags: Buda, Crimson, Eaglebine, Glen, Rose, woodbine

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Permalink Reply by jffree1 on April 12, 2012 at 13:12

Thanks, dbob!

Permalink Reply by Joseph Cartwright on April 12, 2012 at 14:02

Amen!

 

Permalink Reply by Dry Hole on April 12, 2012 at 16:32

Thanks Dbob,

 Now I am totally confused ------ this article  says that "this formation is easier to frac than a shale" and I thought the Clays we had in the EFS (Eaglebine) made the frac more difficult than the South Texas EFS

   The rig turn around days is impressive ---- along with the AFE etc.

Permalink Reply by dbob on April 12, 2012 at 16:40

I understood the fracs to be more challenging as well, but who knows - maybe formation differences?

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