Exploration & Production | Operational Updates | Quarterly / Earnings Reports
Forest Ramping Up Eagle Ford Drilling, Moving Forth Rig
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Forest maintains a large inventory of future drilling opportunities in the Eagle Ford Shale with 688 gross locations (344 net) identified based on 80-acre spacing and over 100 million barrels of unrisked resource potential on a net basis. In addition, net sales volumes from the Eagle Ford Shale are expected to increase to over 6,500 boe/d in 2014 from an average of 1,600 boe/d in 2012.
Forest most recently annouced a JV with Schlumberger.
2013 Drilling ProgramForest is currently moving a shalesubscribe third drilling rig into the Eagle Ford Shale and is expected to increase to four drilling rigs by the end of the third quarter of 2013.
Net sales volumes from the Eagle Ford Shale averaged 1,900 Boe/d in the first quarter of 2013, which compares to fourth quarter of 2012 volumes of 2,300…
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