twinpeaksmarathon and eog have been promoting huge P@#$ing...

twinpeaks

marathon and eog have been promoting huge P@#$ing competitions on the ips of their respective wells, and as we well know, texon has demonstrated excellence in IP's in mcmullen almost as a solitary winner in those stakes.


BUT!!!!! .........

EOG, whom is also in the oil window, like texon, has a few success they have been touting to the media.

the two wells mentioned in the release are side by side on 4000 feet of horizontal completions and 573 feet apart

we know that there is extreme negativity on the mcmullen acreages from potential buyers due to the disastrous completions of swift and a few others on the boundary to our acreages, terry swift a few weeks ago admitted to the failures and elaborated as to what they did wrong.. so it was not geology, but mechanical issues!!! extremely important in terms of how to value the oil play.

eog is not experiencing any of the troubles the other efs operators are having in mcmullen, and like texon are exceeding expectations of their peers...

imho it is feasible for texon to again improve with frac processes.


EOG Eagle Ford Shale Quarterly Commentary

Press Release

November 6, 2012

The main takeaways from the company’s Eagle Ford updated were:

Monster Wells are improving – 16 wells came online with IPs between 2,500 and 4,800 b/d of oil
Continue to test multi-well pilots at denser spacing (65-90 acres)
Oil is being priced at LLS, which is trading at a premium to WTI
Average well costs are falling near $5.5 million
20 rigs are expected to drill 320 net wells in 2012, with an average drilling time that has decreased to 13 days per well.

EOG continued to post outstanding well results in the Eagle Ford. In Gonzales County, the Baker-DeForest Unit #4H came on line at 4,598 barrels of oil per day (b/d) with 488 barrels per day (b/d) of natural gas liquids (NGLs) and 2.9 million cubic feet per day (mmcfd) of natural gas. The Baker-DeForest Unit #1H, #2H, #3H and #12H were turned to sales at initial rates ranging from 3,346 to 4,216 b/d with 457 to 537 b/d of NGLs and 2.7 to 3.2 mmcfd of natural gas. EOG has 100 percent working interest in these five Baker-DeForest wells.

Near the DeWitt County line in Gonzales County, a newer area for EOG, the Reilly Unit #1H had an initial oil production rate of 3,579 b/d with 483 b/d of NGLs and 2.9 mmcfd of natural gas. EOG has 70 percent working interest in this well. Also in the new area northeast of the Reilly, the Boysen Unit #1H and Baird Heirs Unit #4H were completed at 2,540 and 2,242 b/d with 268 and 181 b/d of NGLs and 1.6 and 1.1 mmcfd of natural gas, respectively. EOG has 100 percent working interest in both wells. EOG also has 100 percent working interest in the Henkhaus Unit #8H, which was completed offsetting the previously drilled Henkhaus Unit #10H and #11H. The #8H had an initial production rate of 4,012 b/d with 495 b/d of NGLs and 3.0 mmcfd of natural gas.

In the western region of its Eagle Ford acreage where EOG increased drilling activity in the second half of the year, the Lowe Pasture #9H and #10H were completed in McMullen County at initial production rates of 1,905 and 2,075 b/d with 112 and 115 b/d of NGLs and 0.673 and 0.688 mmcfd of natural gas, respectively. The Martindale L&C #1H and #2H in La Salle County began sales at 1,522 and 1,876 b/d with 220 and 208 b/d of NGLs and 1.3 and 1.2 mmcfd of natural gas, respectively.


all imho and dyor..