Eagleford Shale Action Back to Blog
At its Jourdanton prospect in Atascosa County, Texas, Abraxas Petroleum said the Blue Eyes 1H continues to show encouraging results, however no 30-day IP rate was provided. Abraxas recently permitted Snake Eyes 1H, which was spud in the first quarter of 2014. “Given the early results of the Blue Eyes 1H, we have elected to drill the Snake Eyes 1H on the company’s Jourdanton prospect in Atascosa County, Texas. We look forward to an active development program on our 4,000+ net acre, 100% working interest lease block at Jourdanton in 2014,” said Bob Watson, Abraxas president and CEO. At its Cave prospect in McMullen County, Texas, the company recently cased the lateral of Dutch 2H with completion underway. Abraxas closed the previously announced divestiture of its Eagle Ford interests at WyCross in McMullen County for $71.4 million on Dec. 23. Proceeds were used to repay debt, and will be used to fund additional Bakken and Eagle Ford assets. Wellreports.com reports sixteen new drilling permits issued by the Texas Railroad Commission for Abraxas in the previous 14 months.