The Railroad Commission of Texas (RRC) was scheduled to hold a town hall meeting Thursday night in Tarrant County to discuss seismic occurrences in the Barnett Shale in North Texas, a phenomenon which some scientists have linked to wastewater injection wells.
Frio
Articles from Frio
Industry Brief
NuStar Energy LPaffiliateNuStar Logistics LPhas extended an open season to Sept. 30 for its proposed South Texas Crude Oil Pipeline. NuStar is assessing shipper interest incapacityto transport Eagle Ford Shale crude oil from several terminal locations on its South Texas system in Frio, McMullen and La Salle counties to its Corpus Christi, TX, North Beach facility (seeShale Daily,July 24).
EnerJex Adds DJ Basin to Texas, Kansas Holdings
EnerJex Resources Inc. has agreed to acquire privately held Black Raven Energy Inc., a Denver-based company with more than 75,000 net acres leased in the Denver-Julesburg (DJ) Basin.
Industry Brief
Kirkpatrick Oil & Gas LLC has hired E-Spectrum Advisors LLC to sell its nonoperated, horizontal Eagle Ford and Pearsall shale properties in La Salle and Frio counties, TX. Kirkpatrick’s ownership includes 41 producing wells, operated by Cheyenne Petroleum Co., making approximately 6,000 gross/135 net boe/d, and nine wells in various stages of drilling and completion. In addition, nine locations are permitted for drilling. Kirkpatrick holds an approximate 3% working interest and the typical lease delivers a 77% net revenue interest. The properties hold 11,281 gross/338 net acres of leasehold. Reserves include net proved reserves of 1.18 MMboe (88% oil/liquids). Offers are due by July 30.
Magnum Hunter to Test Potential of Pearsall Shale
Magnum Hunter Resources Corp. Wednesday said it plans to test for the first time the potential of the deep Pearsall Shale formation in South Texas after agreeing to pay $2.35 million to buy an additional 1,885 net mineral acres in Atascosa County.
Houston Independent Picks Up ‘Foundation’ Eagle Ford Acreage
Houston-based independent Eagle Ford Oil & Gas Corp. has acquired an 85% working interest in prospective acreage in Frio County, TX, in the “heart” of the Eagle Ford Shale of South Texas, the company said Monday.
Industry Briefs
Esenjay Exploration Inc. has completed and tested its Runnells #5 well in the deep geo-pressured Frio Trend in Matagorda County, TX, which production tested at an unstimulated daily flow rate of 21 MMcf and 710 bbl of condensate, with flowing tubing pressure of 7,436 pounds per square inch through a 25/64-inch choke. Esenjay, headquartered in Houston, is the generator and operator, and owns a 33% working interest. Esenjay turned the Runnells #5 well to sales and it is currently producing at a daily rate of 18 MMcf and 580 bbl of condensate. Combined, the company’s Runnells #5 and #3 wells are producing 31 MMcf/d and 1,052 bbl/d of condensate. Both wells have additional pay behind pipe.