The discovery of the Hawkville Field in October 2008 kicked off a drilling and development boom the likes of which South Texas had not seen before. The discovery well—the STS-241 #1H, drilled by Petrohawk Energy Corp. in LaSalle County—would be the first of many horizontal wells in the Eagle Ford Shale play. In the 11 years since that initial discovery, the play is now considered one of the most mature unconventional plays, with more than 25,000 horizontal wells spudded, according to Drillinginfo.
In an exclusive report provided to E&P, Drillinginfo projects a 4% increase in production guidance from the Eagle Ford, forecasting third-quarter 2019 oil and gas production of 1.43 MMbbl/d and 194 MMcm/d (6.87 Bcf/d), respectively. For year-end 2020, oil and gas projected production is 1.49 MMbbl/d and 193 MMcm/d (6.82 Bcf/d), according to the report.
Here’s a quicklist of oil and gas assets on the market including certain Ageron Energy properties located in the dry gas window of the Eagle Ford Shale in South Texas plus a Caney and Woodford Shale opportunity from Falcon E&P Royalty Holdings.
New Century Operating LLC retained EnergyNet for the sale of an Eagle Ford / Austin Chalk opportunity. The offering includes certain oil and gas properties and related assets located in Burleson and Lee counties, Texas.
Behold! Like the ancients scanning the sky for portents, large bodies are colliding in the observable M&A-verse of upstream oil and gas.