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Friday, June 8, 2012

Random Note Comparing An Early Eagle Ford Well With the Bakken

From Yahoo!InPlay:
Penn Virginia provides an update on Lavaca County Eagle Ford Shale operations; Schacherl #1H, with 22 frac stages and a lateral length of ~ 5,450 feet, had an average initial production rate of 1,277 boepd of wellhead volume: The third exploratory "earning" well, the Schacherl #1H (75% working interest) on our 13,500 gross acre area of mutual interest in Lavaca County was completed and turned in line at the end of May. The Schacherl #1H, with 22 frac stages and a lateral length of ~ 5,450 feet, had an average initial production rate of 1,277 barrel of oil equivalents per day (BOEPD) of wellhead volume (90% oil and 10% wet gas; 1,011 BOEPD average over the first seven days of production). This well has been significantly choked with a flowing pressure of ~ 3,350 pounds per square inch on a 14/64" choke as the recovery of frac fluid continues. 
Data points
  • significantly choked (14/64ths) 
  • short laterals
  • nice IPs
  • 22 stage fracs
  • if my calculations are correct, PennVirginia has a very small position in this county: 13,500 gross acres in a county that looks to be slightly more than 620,000 acres
Don't worry. I'm not going to start following the Eagle Ford vis a vis the Bakken, but it's interesting to compare the Eagle Ford wells with thte Bakken.

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