Exploration & Production | Capital Markets | Private Equity Activity
Escondido Reports Significant Gas Well In the Eagle Ford
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Escondido Resources II, LLC announced the completion of three significant wells in South Texas and the acquisition of a large acreage position in West Texas.
Located in Webb County’s Hawkville Field, Escondido’s Spohn Ranch 1H well is the highest producing natural gas well to date in the Eagle Ford Shale. Initial production from the Spohn Ranch well exceeded 16 million cubic feet (MMcf) of gas per day, and the well produced more than 400 Mmcf of gas in its first 30 days. The well was completed with a 6,975-foot lateral and 25 fracture stages. Escondido’s plans call for further development of the area.
Escondido Resources also announced the completion of the company’s first horizontal oil well in the Escondido formation. The Storey 4H well is located in LaSalle County, Texas. in the Tres…
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