what if eagle ford produces low, page-8

just in from Apache

"The first test, the Reveille #7H in Burleson County, was completed with a ~5,400-foot lateral and produced approximately 21,000 barrels of oil during its first 2.5 months on line."

"The second test, the Leone #2H, also in Burleson County, was completed with a ~4,900-foot lateral and was turned to sales in December. Production from the well in December (partial month) was recorded at ~4,900 barrels of oil."

"Apache's likely emergence as an active participant in the play is not at all surprising. Apache is one of the largest leaseholders in the Giddings area. The company's acreage position prospective for the Eagle Ford in East Texas spans several counties, including Fayette, Lee, Burleson, Brazos, Grimes and Washington (map below). Importantly, Apache has significant technical knowledge of the East Texas Eagle Ford and takes credit for discovering this play six years ago."


Full article link below. Lots of charts. 12 wells coming in Burleson county alone.

Interesting to note 400MBOE as the "commercial" well target.

Also highlights the difference between "old" (5 yrs ago) and "new" techniques/designs.

GLTA

http://seekingalpha.com/article/2027611-apache-trumpets-reveille-in-east-texas-eagle-ford?source=email_alternative_energy_investing_edi_pic_2_2&ifp=0