Exploration & Production | Quarterly / Earnings Reports | Capital Markets | Private Equity Activity
Sabine IPs Cotton Valley, Haynesville Wells; Talks Results
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Sabine provided the following operational update during its 2Q13 report.
Cotton ValleyThe Company completed two Cotton Valley horizontal wells during the quarter. One of these wells produced at an average rate of over 11.7 MMcf/d of gas, 90 Bbl/d of oil and 730 Bbl/d of NGL for a 30-day period. The other well produced at an average rate of over 6 MMcf/d, 30 Bbl/d of oil and 420 Bbl/d of NGL for a 30-day period. In light of these very economic results and our extensive drilling inventory, the Company has dedicated a drilling rig to the Cotton Valley.
Haynesville ShaleThe Company completed five of the fifteen Haynesville Shale wells covered under the joint development agreement that was executed in the first quarter of 2013. The five wells combined reached an average 24-hour production…
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