Exploration & Production | Drilling / Well Results | Deals - Acquisition, Mergers, Divestitures
Abraxas IPs Permian Spires Ranch Well; Talks Eagle Ford A&D Outlook
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Abraxas Petroleum Corp. has reported an update on its Texas operations, including its Eagle Ford shale growth and acquisitions outlook.
Permian BasinIn Nolan County, Texas, the Spires Ranch 129 2H averaged 92 boepd (59 barrels of oil per day, 196 mcf of natural gas per day) over the well’s first 30 full days of production. Abraxas owns a 100% working interest in the Spires Ranch 129 2H.
Eagle FordAt Abraxas’ Jourdanton prospect, in Atascosa County, Texas, the Blue Eyes 1H continues to flow to sales at encouraging rates. Thus, Abraxas recently permitted the Snake Eyes 1H, which is expected to spud in the first quarter of 2014. Abraxas owns a 100% working interest in the Blue Eyes 1H and Snake Eyes 1H.
At Abraxas’ Cave prospect, in McMullen County, Texas, the company recently cased the…
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