Only two weeks after the U.S. government repealed the oil export ban, ConocoPhillips (NYSE: COP) and NuStar Energy LP (NYSE: NS) have shipped the first load of Eagle Ford sweet crude. Shipping records indicate that the product is going to Italy.
The deal is with Switzerland-based Vitol, an international trading company that will market the oil globally. ConocoPhillips committed to sell Eagle Ford Shale light crude oil/condensate to Vitol. The cargo was loaded at NuStar’s North Beach Terminal in the Port of Corpus Christi.
NuStar has invested heavily in recent years to expand its South Texas crude oil pipeline system to move crude oil from the Eagle Ford Shale play to Corpus Christi. The company has also made investments in its Corpus Christi terminal operations with the addition of more storage tanks, dock space and automated systems.
With the new dock, NuStar would have access to four loading docks in the Port of Corpus Christi, including two private docks, and would be able to load crude oil onto ships simultaneously on all four docks at a maximum rate of 90,000 barrels (bbl) per hour.
According to NuStar, the company is planning to expand their Corpus Christi operations and is in the process of developing a second private dock in Corpus Christi.
1. Murphy Oil: 12/22/15
Two Eagle Ford completions were reported by El Dorado, Ark.-based Murphy Oil Corp.’s (NYSE: MUR) subsidiary in Atascosa County (RRC Dist. 1), Texas.
The #1H McComas Unit A flowed 257 bbl of 34.8-degree-gravity oil, 99 thousand cubic feet (Mcf) of gas and 513 bbl of water per day through fractured perforations at 7,972- to 16,866 feet. Gauged on a 14/64-inch choke, the flowing tubing pressure was 517 pounds per square inch (psi).
The 17,011-foot Eagleville Field well is on a 522.5-acre Southwest Texas lease in Section 1247, Catarina Zepada Survey, A-930. The northwest-trending lateral extends almost two miles, bottoming under John Gaston Survey, A-283, at a true vertical depth of 7,365 feet.
The offsetting #1H McComas Unit B flowed 373 bbl of 36.2-degree-gravity oil, 194 Mcf of gas and 546 bbl of water per day through fractured perforations at 8,426- to 17,517 feet. It was tested on a 12/64-inch choke with a flowing tubing pressure of 916 psi.
The 17,669-foot Eagleville Field well bottomed two miles to the southwest at 8,063 feet true vertical in J.H. Calvary Survey, A-156.
2. Cabot Oil & Gas: 12/18/15
A Frio County (RRC Dist. 1), Texas, multizone producer was announced by Houston-based Cabot Oil & Gas Corp. (NSYE: COG).
The #1H Corsair 1H produced 685 bbl of 29.2-degree-gravity oil, 391 Mcf of gas and 1.62 Mbbl of water per day from fracture-treated perforations in Buda at 8,448- to 9,090 feet and Eagle Ford Shale at 9,090- to 14,382 feet. It was tested on a 20/64-inch choke with a flowing tubing pressure of 1,200 psi.
The Briscoe Ranch Field well was drilled to 14,498 feet, 8,545 feet true vertical, and is on a 1,533.4-acre Southwest Texas lease in Section 1821, Martha Jane Hardin Survey, A-1116. It bottomed more than a mile to the southeast under Section 1812.
3. New Gulf Energy: 12/8/15
New Gulf Resources LLC plans to drill four 11,500-ft horizontal Eagle Ford Shale tests in Grimes County (RRC Dist. 3), Texas, IHS reported. All wells will be in the Aguila Vado Field.
The #1H NGR Old Ranch will be on a 543-acre Upper Texas Coast lease in the BBB&C RR Co Survey, A-125. The lateral will bottom 1.5 miles to the northwest. One-half mile southwest of the bottomhole of #1H NGR Old Ranch will be #1H NGR Cochran. The lateral will bottom 1.5 miles to the southeast.
To the west, the company has scheduled two parallel tests. The #1H NGR Sawdust Ranch A will bottom 1.5 miles to the southeast and #2H NGR Sawdust Ranch A will bottom 1.5 miles to the northwest.
Within one mile to the east, Tulsa-based New Gulf is waiting on completion tools at #1H NGR Fiveland. Following a 10,800-foot vertical pilot hole, 4 1/2-inch casing was set at 12,555 feet. The horizontal test bottomed 1.25 miles to the northwest.
4. Weatherby Energy: 11/16/15
In Wilson County (RRC Dist. 1), Texas, Weatherby Energy LLC has completed two vertical Eagle Ford Shale producers.
The #11W J.H. Bain pumped 195 bbl of 29-degree-gravity crude and 80 bbl of water per day from acidized perforations at 4,368- to 90 feet. It was drilled on a 1,311-acre Southwest Texas lease in Section 149, Noel F. Roberts Survey, A-523.
About one mile to the west in the same section is #12W J.H. Bain. The 4,488-foot wildcat flowed 120 bbl/d of 29-degree-gravity oil, with no gas or water, from perforations at 4,353- to 70 feet. Gauged on a 12/64-inch choke, the flowing tubing pressure was 405 psi.
Weatherby is based in Sequin, Texas.
5. Atlas Resource Partners: 11/12/15
Two horizontal Eagle Ford Shale producers in Eagleville Field were announced by Atlas Resources Partners LP’s (NYSE: ARP) subsidiary in Atascosa County (RRC Dist. 1), Texas.
The ventures are on a 640-acre Southwest Texas lease from offsetting surface locations in Section 1780, Lot 14, BS&F Survey, A-1307.
The #1H Papa Unit flowed 431 bbl of 33.3-degree-gravity oil, 150 Mcf of gas and 1.53 Mbbl of water per day through fracture-treated perforations at 9,214- to 15,604 feet. Tested on an 18/64-inch choke, the flowing tubing pressure was 1,507 psi and the shut-in casing pressure was 1,719 psi. The 15,621-foot well has a true vertical depth of 8,921 feet.
The #2H Papa Unit produced 468 bbl of 33.4-degree-gravity oil, 224 Mcf of gas and 1.532 Mbbl of water per day from fractured perforations at 8,925- to 15,416 feet. The 15,446-foot well (8,949 feet true vertical) was tested on an 18/64-inch choke and the flowing casing pressure was 1,633 psi.
The company’s subsidiary, Atlas Eagle Ford Operating, is headquartered in Pittsburgh, Pa.
6. Murphy Oil: 11/02/15
In Karnes County (RRC Dist. 2), Texas, Murphy Oil’s subsidiary has completed a horizontal Eagle Ford Shale producer.
The #1H Armand Unit was tested flowing 532 bbl of 44.1-degree-gravity oil, 366 Mcf of gas and 3 bbl of water per day through acid- and fracture-treated perforations at 11,055- to 15,680 feet. It was tested on a 12/64-inch choke and the flowing tubing pressure was 762 psi.
Drilled from a surface location on a 320-acre Central Texas Coast lease in the Andres Hernandez Survey, A-4, the total depth is 15,831 feet and the true vertical depth is 10,582 feet. The northwest-trending lateral extends almost a mile to the south.
7. EOG Resources: 10/19/15
Three offsetting Eagle Ford discoveries in Eagleville Field were announced by Houston-based EOG Resources Inc. (NYSE: EOG) on a 640-acre Southwest Texas lease in Daniel Gray Survey, A-517 in Gonzales County (RRC Dist. 1) Texas.
The #1H HB Unit produced 2.784 Mbbl of 45-degree-gravity oil, 2.393 MMcf of gas and 2.52 Mbbl of water per day through fracture-treated perforations at 12,121- to 16,150 feet. Tested on a 32/64-inch choke, the flowing tubing pressure was 2,690 psi and the flowing casing pressure was 439 psi. The well was drilled to 16,250 feet and the lateral bottomed within one mile to the south at a true vertical depth of 12,037 feet.
The #2H HB Unit produced 2.471 Mbbl of 44-degree-gravity oil, 2.402 MMcf of gas and 2.53 Mbbl of water per day through fracture-treated perforations at 12,128- to 16,172 feet. The well was drilled to 16,273 feet, 12,022 feet true vertical.
The #3H HB Unit flowed 1.755 Mbbl of 45-degree-gravity oil, 1.614 MMcf of gas and 2.06 Mbbl of water per day through fracture-treated perforations at 12,166- to 16,181 feet. Tested on a 32/64-inch choke, the flowing tubing pressure was 2,277 psi and the flowing casing pressure was 1,390 psi.
Jones Energy II said late on Dec. 6 that it has entered into a definitive merger agreement to be acquired by Revolution Resources, an affiliate of Mountain Capital Partners, in an all-cash transaction.
Energy Transfer expands vast pipeline network and acquires strategic position on the Houston Ship Channel.
Energy Transfer LP said Dec. 3 that a comprehensive commercial tender package has been issued to EPC contractors to submit final commercial bids for the proposed Lake Charles LNG liquefaction project being developed by Energy Transfer and Shell US LNG LLC (Shell).