From Eagle Ford Shale Blog:This is not "off board" as it might...

From Eagle Ford Shale Blog:

This is not "off board" as it might at first appear.

Newfield Exploration Company Updates Eagle Ford Shale Activity

Newfield Exploration Company (NFX) has 230,000 net acres under lease in the Maverick Basin in South Texas and started testing a well design that incorporated super extended laterals in early 2012.

Newfield Exploration Company has drilled three successful wells in Dimmit County that used laterals of 7,500 feet and reported initial gross production rates of 750 to 1,020 barrels of oil equivalent (BOE) per day from these wells. The company has become more efficient at drilling these wells and reported that a recent super extended lateral well was drilled and cased in 12 days.

Newfield Exploration Company estimates that wells drilled with super extended laterals into the Eagle Ford Shale will have an estimated ultimate recovery (EUR) of 500,000 barrels. The company plans to drill six more of these wells in 2012 and estimates that these wells can be drilled at a gross cost of $8 million each.