Austin Exploration six for six in the Eagle Ford

Austin Exploration has announced its sixth Eagle Ford well in Burleson County, Texas, the Seaducer #1H well, is producing large volumes of oil and gas.
The well produced 18 604 boe in its first 30 days.

Repeatable well performance over the acreage

Austin's CEO and Managing Director Dr Mark Hart said: “This is another outstanding result. To hit on six from six proves that this property is de-risked and well performance is repeatable over Austin’s acreage. When including our initial three exploration wells, B1, B2 & B3, this totals nine wells that have intersected hydrocarbons on Austin’s Birch Texas property. Our Texas programme has been halted until oil prices recover and stabilise, but we certainly look forward to further drilling at this world-class property when prices recover,” Dr Hart said.

This well increases the amount of acreage for Austin that is held by production.

This well has been fully funded and the company remains focused on increasing cash flow through non-dilutive means. These Eagle Ford wells are expected to provide cash flows to Austin for the next 15 - 20 years.

Adapted from press release by Cecilia Rehn

Published on 25/03/2015

Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


Related articles

Weatherford introduces TruFrac® Composite Frac Plug

The new zonal isolation plug enables higher run-in speeds and more efficient milling.

Drilling Productivity Report from the EIA

Falling rig counts drive projected near-term oil production decline in 3 key U.S. regions.

Canadian oilsands cash flows to fall by US$23 billion

With low oil prices, the oilsands region's cash flows will fall by US$23 billion in 2015 and 2016 combined, according to Wood Mackenzie.

Shale oil production in Bakken & Eagle Ford up 1.6% in December

Oil production from the Bakken shale in North Dakota and the Eagle Ford shale in Texas increased by 45 000 bpd.

Recommend magazines

  Oilfield Technology