Right here in America there is a modern day oil & gas boom. The Eagle Ford Shale (EFS) is quite possibly the largest single economic development in the history of the state of Texas. The play had more than a $25 billion dollar impact on the local South Texas economy in 2011.

Oil And Gas Boom Plays In The USA And Canada

Antrim Shale ANWAR Oil Shale - Austin Chalk - Avalon Shale -Bakken Oil Shale - Barnett Shale- Bone Spring - Bossier Shale -Brazil Oil Field - Cardium Shale - Chainman Shale - Chattanooga Shale -Collingwood Shale - Cumnock Shale - Duvernay Shale -Eagle Ford Shale - Exshaw Shale - Fayetteville Shale - Granite Wash - Green River Basin Oil Shale - Haynesville Shale - Horn River Shale - Huron Shale - Kern County Oil Field - Leonard Shale- Marcellus Shale - Monterey Shale - Montney Shale -Niobrara Shale - Permian Basin - Piceance Basin - Smackover Brown Dense Formation - Spraberry Field - Tuscaloosa Marine Shale -Utica Shale - Wolfberry Trend - Wolfcamp Shale - Woodford Shale -Oil Sands - China Shale - Mineral Rights - Index of Shale

Thursday, July 7, 2011

Plains E&P Reports Early Eagle Ford Success

Plains E&P has four rigs in the Eagle Ford Shale and expects to have four to six rigs drilling in 2011. There are 10 wells waiting on completion or connection to pipelines.

Two notable wells recently completed by PXP are the Julie 1H, completed with an IP rate of ~990 b/d and 826 Mcf/d, and the Julie 2H well, with an IP rate of ~920 b/d and 756 Mcf/d. PXP has 100% WI in these wells.

In the Texas Panhandle, PXP has five rigs drilling in the Granite Wash trend and expects to continue at this level through 2011. Seven wells are waiting on completion or connection to pipelines. Net Q4 sales were ~8,000 boe/d. Average daily sales are expected to increase to ~17,000 boe/d net by year end.

Source: PLS Inc.
For Oil Project Updates or Eagle Ford Investments
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