Tuesday, November 6, 2012

Keep An Eye on MRO's Eagle Ford Burrow -- A "Monster" Well? -- Or Just More Chatter?

Updates

November 6, 2012: a reader found the transcript:
 "Our investment in the Eagle Ford shale a little more than a year ago, and our bolt-on acquisitions since then, continue to deliver value beyond original expectations. Not only have we improved the speed and efficiency of our drilling and completions there, we also continue to optimize well spacing which could significantly increase drillable locations and recoverable reserves. One recent Gonzales County well, the Burrow 2-H in which we hold a 100 percent working interest, achieved a 24-hour rate of 6,275 barrels of oil equivalent per day (boed), of which 4,646 barrels were oil and condensate.
Original Post

From MRO transcript, apparently. I haven't found the original source/transcript yet; this note from SeekingAlpha:
Tuesday, November 6, 3:15 PM Marathon Oil adds to earlier gains from its Q3 results as CEO Clarence Cazalot tells a conference call the company "is positioned to meet or exceed our full-year production targets." MRO raises in FY13 target for Eagle Ford production to ~85K net boe/day from 70K prior, and Bakken production to ~33K net boe/day from 30K; its Eagle Ford Burrow well could be a "monster."

2 comments:

  1. 24-hour rate of 6,275 barrels of oil equivalent per day (boed), of which 4,646 barrels were oil and condensate

    Burrow

    Anon 1



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    Replies
    1. I just posted the update and the link; very, very impressive.

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