Energy Hunter Resources said Wednesday it's pleased with initial production from an Eagle Ford well in Karnes County, Texas, Kallanish Energy reports.
The Gap Band 2H well, the first of seven planned Eagle Ford wells, is producing 900 barrels of crude oil per day and nearly 2.6 million cubic feet per day of natural gas, with production being 68% liquids, said the Irving, Texas-based independent.
The well’s peak 24-hour flow rate was 1,322 barrels of oil-equivalent per day (BOE/d). The well features a 3,855-foot lateral.
The company said the well has been online since Jan. 1 and is producing on a 18/64 choke. It's using roughly 2,990 pounds of sand per lateral foot, the company said.
“The Gap Band #2H is presently exceeding our initial type curve projections and is the first well of an ultimate seven-well Eagle Ford drilling program,” said chairman and ECO Gary Evans, in a statement.
He said Energy Hunter Resources plans to drill two additional horizontal Eagle Ford wells and a minimum of two horizontal San Andres wells in 2018.
Evans added: “The combination of WTI oil now trading over $60 per barrel, our total drilling and completion costs for this first Eagle Ford shale well at $5.5 million, and utilizing our current estimated production curve, should generate an internal rate of return on this well exceeding 100%.
“We now plan to commence workover and drilling operations on our first San Andres property acquisition over the next few months. This 9,413 gross acreage position was acquired on Dec.4, 2017, and allows infill drilling of up to 45 new horizontal wells,” he said.