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

EPD to Enhance Texas Infrastructure

Encouraged by the mounting production volume at the Eagle Ford Shale in South Texas, Enterprise Products Partners L.P. (EPD -Analyst Report) has plans to install a sixth natural gas liquid (NGL) fractionator, with a capacity of 75,000 barrels per day (BPD), at the Mont Belvieu complex in the state.

The partnership has already gained customary approvals as well as permits to initiate construction of the new facility without any delay. The unit is expected to be in service in early 2013.

Subsequently, the pipeline operator would be able to fractionate over 450,000 BPD NGLs at the Mont Belvieu plant, boosting Enterprise’s system-wide net fractionation capacity to more than 780,000 BPD.

Source: Zacks Equity Research
For Available Eagleford Projects or Energy Stock Information