Drilling / Well Results | Key Wells | IP Rates-30-Day | Initial Production Rates | Drilling Activity
Lucas IPs Wells Targeting the Eagle Ford, Austin Chalk; Cuts Well Costs
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Lucas Energy has updated its operational activity in the Eagle Ford shale and development activity in Oklahoma.
Specifically, in south Gonzales County, Texas, in the Eagle Ford shale, the Company participated in the Cyclone #9H well that tested 598 barrels of oil equivalent per day (Boe/d) and a 30-day initial production rate of 486 Boe/d. The Cyclone #10H tested 631 Boe/d and a 30-day initial production rate of 521 Boe/d. Originally estimated to cost an average of $5.2 million, these wells have been drilled and completed at an average cost of $4.7 million. Both are producing approximately 90% crude oil from a processed three-stream basis on a 18/64″ choke. Lucas owns an 8% working interest in these two wells.
Lucas’s Griffin 1H Austin Chalk well (100% working interest) in Karnes…
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