Abraxas Petroleum Corp. (NASDAQ: AXAS) announced Feb. 2 an update on its operations in the Williston Basin and Eagle Ford Shale.
Williston Basin
At the San Antonio-based company's North Fork prospect in McKenzie County, N.D., the Stenehjem 3H, producing from the Middle Bakken, averaged 1,057 barrels of oil equivalent per day (boe/d) or 848 barrels per day (bbl/d) of oil, 1,254 thousand cubic feet per day (Mcf/d) of natural gas over the well’s peak 30 days of production.
The Stenehjem 2H and 4H, producing from the Three Forks, averaged 863 boe/d or 686 bbl/d of oil, 1,062 Mcf/d of natural gas over the wells’ peak 30 days of production.
In the Jore unit, Abraxas recently set production casing in the lateral of the Jore 5H and 6H, and is preparing to drill the lateral section of the Jore 7H. Abraxas owns a working interest of about 73% in Stenehjem and 76% in Jore.
Eagle Ford
At Abraxas’ Jourdanton prospect in Atascosa County, Texas, the Cat Eye 1H averaged 491 boe/d or 464 bbl/d of oil, 169 Mcf/d of natural gas over the well’s peak 30 days of production.
Since being placed on submersible pump the Cat Eye 1H averaged 587 boe/d or 552 bbl/d of oil, 211 Mcf/d of natural gas over the following 12 production days. The Cat Eye 1H represents the company’s first well on the Southern fault block at Jourdanton. Abraxas owns a 100% working interest across the Jourdanton prospect.
At Abraxas’ Dilworth East prospect, in McMullen County, Texas, the company drilled the R. Henry 1H to a total depth of 16,588 feet. Following the completion of drilling operations on the R. Henry 1H, the company released its Eagle Ford rig. Abraxas owns a 100% working interest in the R. Henry 1H.
Abraxas recently leased an incremental 204 incremental net acres at the company’s Dilworth East prospect in McMullen County, Texas. The prospect now consists of a combined 1,148 net contiguous acres and can accommodate up to ten 5,000-foot to 5,500-foot laterals and three 8,500-foot laterals.
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