El Paso announced the successful completion of their 2nd Eagle Ford well on March 22.
HOUSTON, TX, Mar 22, 2010 (MARKETWIRE via COMTEX) — El Paso Corporation (NYSE: EP) today reported that El Paso Exploration & Production Company’s second Eagle Ford well tested at a flow rate and liquids content at the high end of the company’s expectations. During a 24-hour period, the Hixon 1H well in La Salle County, Texas tested at an average rate of 2.9 million cubic feet (MMcf) of natural gas per day and 721 barrels per day of 51.7 API gravity condensate on a 24/64-inch choke with 1,822 pounds of flowing casing pressure. On a six-to-one oil-to-gas equivalent basis, the well tested at 7.2 MMcfe/d. The natural gas is liquids rich, testing at 1,368 Btu per standard cubic foot.
The well was drilled to a vertical depth of approximately 9,950 feet with a 4,100-foot horizontal lateral. El Paso completed the well with a 14-stage fracture stimulation treatment.
“We are very pleased with the drilling and completion performance of our second Eagle Ford well,” said Brent Smolik, president of El Paso Exploration & Production Company. “The Hixon 1H tested at the high end of our forecast, and it has a much higher liquids content, which further enhances our economics. We are encouraged with the results, and we are accelerating our Eagle Ford program with the addition of a second rig, which will operate in the area where this well was drilled.”
El Paso holds leases in three key areas of the Eagle Ford shale play, with a total of approximately 138,000 net acres. The Hixon 1H well is in the northernmost of the three areas, which has approximately 73,000 net acres of leasehold.
Below is a map of their La Salle leases set to expire within the next 36 months, annotated with their two Eagle Ford completed wells thus far.
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