Bernstein Research: Play costs, working resource elements make play worthy of a closer look.
As a consequence of this greater drilling efficiency, the company is planning to reduce its drilling activity in the Eagle Ford from 28 rigs currently to 25 rigs by December 2012 and plans to average 22 rigs during 2013.
Crimson Exploration Inc. announced another successful oil well in Karnes County, Texas and provided status updates for current Eagle Ford and Woodbine wells currently in process.
Dejour Energy Inc., an independent oil and natural gas company, announced that the vertical test well drilled at the South Rangely was successfully completed, fracture stimulated with 100,000 pounds of proppant and flow tested during late December 2011 at a consistent rate of 315 MCF per day for more than 10 days with zero decline in production or pressure.
Crimson Exploration Inc. announced the commencement of drilling operations on the Mosley #1H (~86% WI), its first well targeting the oil-rich Woodbine formation in Madison County, Texas
Thanks to the Collingwood and Utica plays, the northern state is getting all kinds of attention.