Eagle Ford – Page 7 – Oil & Gas 360

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Penn Virginia Closes $205 Million Acquisition with Devon, Increases Borrowing Base

October 5, 2017

Penn Virginia Eagle Ford acquisition puts drill bit on contiguous acreage for extended reach laterals Penn Virginia Corporation (ticker: PVAC) closed its previously announced acquisition of Eagle Ford assets located primarily in Lavaca County, Texas on September 29, 2017. Penn Virginia bought the assets from Devon Energy Corporation (ticker: DVN) for $205 million in cash, subject to customary post-closing adjustment to

Eagle Ford Developer WildHorse Scores 28% Higher Production, Brings in 2,387 BOEPD Austin Chalk Well

August 10, 2017

41 Gen 3 wells on line in the Eagle Ford In its Q2, 2017 earnings call WildHorse Resource Development (ticker: WRD) reported second quarter production of approximately 22,600 BOEPD—which was 28% higher than its average production in Q1, 2017. It achieved a net income of $25.9 million, or $0.28 per share. Drilling activity During the course of Q2, the company

Encana Q2: 25% Sequential Margin Growth from Q1

July 21, 2017

Encana Corp. (ticker: ECA) is one of the first E&Ps to report it second quarter results. ECA announced a growth of 25% in its margin from the first to the second quarter of 2017. Douglas Suttles, President and CEO of Encana, indicated that this was due to the increase in the fraction of oil and condensate in its production mix.

400 Miles of Oil: EnerCom Conference Presenters will Discuss Eagle Ford Operations, Growth

July 20, 2017

The Eagle Ford shale play—located in East Texas, extending into Mexico, and spread across approximately 26 Texas counties—is one of the major oil and gas plays in the U.S. The play itself produces tight oil and shale gas out of its shaley matrix. The basin’s producing shale averages 250 feet thick, but can reach up to 400 feet, and is

Carrizo Oil & Gas Builds the Eagle Ford, Pursues New Potential in Delaware Acquisition

July 11, 2017

Carrizo Oil & Gas (ticker: CRZO) sports over 160,000 net acres across the Eagle Ford, Delaware basin, and Niobrara—with an inventory of over 2,000 net horizontal drilling locations. The company also has non-core assets in the Marcellus and Utica formations. The majority of the company’s acreage is in the Eagle Ford at approximately 103,300 net acres with over 1,200 net

Sundance Energy Building Eagle Ford Growth Ramp

July 3, 2017

Sundance Energy Australia Limited (ticker: SNDE) produces from both the Greater Anadarko basin and the Gulf Coast basin. Its Anadarko basin assets total 40,937 net acres, in Kansas. Its Gulf Coast basin assets total 26,160 net acres. The total average production for both basins was 6,685 BOEPD for Q1, 2017. The company expects that its average production for 2017 will

SilverBow Resources Testing Unexploited Eagle Ford Gas with New Completions

June 30, 2017

Eagle Ford-focused SilverBow Resources (ticker: SBOW), formerly Swift Energy, moved onto the New York Stock Exchange in May, 2017 when it changed its name to SilverBow. The company has achieved an average production rate of 135.6 Mmcfe per day in Q1, 2017. SilverBow revised its 2017 capital expenditure guidance to between $190 and $200 million—allowing the company to complete 26

Strong Eagle Ford Wells Point to Hot Spot for Penn Virginia

June 29, 2017

Recent completion successes and an enhanced borrowing base of $200 million sets the stage for Penn Virginia Corporation’s (ticker: PVAC) path to growth. Completions and other operations Penn Virginia announced in on June 28th, 2017 the success of two wells producing from its Zebra pad out of the Eagle Ford formation in Gonzalez County, Texas. The two recently completed wells

U.S. Energy Corp. Holding Diversified Working Interests

June 28, 2017

U.S. Energy Corp. (ticker: USEG) has multiple working interests with companies in the Bakken and Three Forks formations and throughout Texas and Louisiana. The company produced 50,628 BOE during 2016, and has projected that it will produce approximately 49,885 BOE during the course of 2017. Bakken/Three-Forks In the Williston basin, USEG partnered with Brigham Exploration Company to conduct exploratory work

Brazos County Well and New Eagle Ford Acreage Spell Growth For Lonestar Resources

June 28, 2017

Lonestar Resources (ticker: LONE) has made unconventional resource plays its bread and butter with its focus in the Eagle Ford and the Bakken. Bakken resource evaluation Lonestar has 28,655 net acres within the Bakken formation located in northern Montana, where the company was, as of the end of Q1, 2017, conducting resource evalution. Eagle Ford acquisition Lonestar nearly doubled its

SM Energy: Targets 39 Eagle Ford Completions for 2017; 6 Rigs Running in the Permian

June 22, 2017

With producing acreage in the Midland basin and Maverick basin, SM Energy (ticker: SM) is zoning in on its most lucrative acreage. SM holds approximately 88,000 net acres in the Midland basin and another approximately 167,000 net acres in the Maverick basin. SM closed the sale of non-operated assets within the Eagle Ford for $800 million gross. Venado EF L.P.

Earthstone Energy Inc. Taking Advantage of its Midland Assets

June 16, 2017

Capitalizing on the Midland acquisition Midland-Eagle Ford-Bakken producer Earthstone Energy (ticker: ESTE) isn’t slowing down. With 66.1 MMBOE in reported proven reserves and 9,515 BOEPD average production in 2017, Earthstone is moving forward on a growth plan that’s being fueled by five Permian wells in progress as of May. Earthstone completed a business combination with Bold Energy III LLC in

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