Eagle Ford Shale pure-play SilverBow Resources Inc., long weighted to natural gas, is looking to step up its oil inventory and develop more wells in the Austin Chalk formation to expand the South Texas inventory.

Executives highlighted recent well results and the outlook for 2021 during the recent first quarter earnings call. 

During the first quarter the second La Mesa pad in Webb County was completed, achieving peak pad production of 90 MMcf/d over 30 days. Compared with the first La Mesa pad, drilling times fell by 10% and capital costs were 13% below forecast. 

“Operationally, we continue to see strong performance from our first Webb County Austin Chalk well and plan to drill additional appraisal wells this year, with the goal of increasing our inventory with...