ConocoPhillips gears up for heavy round of Eagle Ford projects.
Oil giant ConocoPhillips is gearing up for a large round of horizontal drilling on three leases in the Eagle Ford Shale of South Texas.
The company’s subsidiary, Burlington Resources, is seeking permission from the Railroad Commission of Texas to drill 13 wells in oil-rich DeWitt and Karnes counties. Conooco Phillips plans to drill 10 horizontal wells divided between its J Rossett and Mumme-Schendel-Maron lease in DeWitt County and three more on its Korth Vickers lease in neighboring Karnes County.
The wells target the Eagleville field of the Eagle Ford geological layer at total depth of 17,000 feet. So far this year, ConocoPhillips has filed for 80 drilling permits — all of them for projects in South Texas.
Marathon oil in the Eagle Ford.
Marathon oil’s Eagle Ford production averaged 105,000 net boed in the first quarter of 2019. We brought 41 gross Company-operated wells to sales in the quarter with an average 30-day initial production (IP) rate of 1,515 boed (62% oil) at an average completed well cost of $4.4 million.