oil & gas assets

South Texas Scout

Serving the local market with drilling activities, permits & multiple listings

South Texas Scout
PLS publishes drilling activity in Railroad Districts 1,2,4 and select counties north of 3 through the South Texas Scout. Published every three (3) weeks, this local report covers lead stories on drilling activity, successes and new projects while also reporting on new permits, completions and P&A activity.

  • Stay in front of local prospects, plays & rigs!
  • South Texas RRC 1, 2, 4 and north of 3
  • Hard Copy and Email For 1 Individual
  • Every 3 Weeks (16-20 issues per year)
  • Regional discoveries, drilling activity, permits,
    completions and summary drilling statistics, layered
    with regional listings and business opportunities
  • Web access to the South Texas Scout archive
  • Does not include access to MLS

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News Date
STS - Conoco accelerates Eagle Ford as it moves toward plateau - August 15, 2019
ConocoPhillips’ Eagle Ford position, which it operates through its Burlington Resources unit, is in its late-stage growth development, and the company added a seventh rig in Q2 to ramp up as it approaches the plateau phase over the next few years. An eighth rig may be added next year. Q2 production averaged 221,000 boe/d, up 21% YOY. The company is still working to determine its optimal Eagle Ford plateau rate and plans to disclose more information in November. Conoco has evolved...
Aug 15, 2019
STS - Devon securing Eagle Ford upside with refracs & redevelopment - August 15, 2019
Through refrac and redevelopment programs, Devon Energy is working to expand its resource opportunity in the Eagle Ford. The company says it has a 10-year drilling inventory with potential upside. Devon has 700 “high-return” (over 20% IRR) undrilled locations identified and 200 risked refrac candidates identified out of 700 or more potential refracs. In DeWitt County, Texas, the Muir C 4H was refracked in Q2 and came online at an initial 30-day uplift of 1,400 boe/d. The Krause B 2H refrac...
Aug 15, 2019
STS - Regional Highlights - August 15, 2019
The EIA projects that Eagle Ford production will fall by 6,000 bo/d and 16 MMcf/d sequentially in September to 1.383 MMbo/d and 6.732 Bcf/d. There are 1,504 DUCs in the Eagle Ford as of July, down by 13 from...
Aug 15, 2019
STS - Matador Resources Highlights - August 15, 2019
Matador Resources’ efforts to divest portions of its non-core assets progressed in Q2 and early Q3. The company announced the sale of Eagle Ford and Haynesville assets, as well as a small portion of its leasehold in a non-operated area. The company said it continues to receive offers from other operators on its various properties in South Texas, northwest Louisiana and East Texas and is actively working to complete other transactions through the rest of the...
Aug 15, 2019
STS - BP Highlights - August 15, 2019
BP’s US onshore subsidiary BPX Energy is running seven rigs in the Eagle Ford. The company is testing Austin Chalk upside in South Texas, in addition to its typical Eagle Ford...
Aug 15, 2019
STS - EOG Resources Highlights - August 15, 2019
EOG Resources brought online 86 Eagle Ford wells with laterals averaging 7,300 ft during Q2. Initial 30-day rates averaged 1,350 boe/d (85% oil), or 185 boe/d per 1,000 lateral ft. The company also turned to sales six Austin Chalk wells with laterals averaging 4,300 ft and IP30s coming in at 1,850 boe/d (78% oil), or 430 boe/d per 1,000...
Aug 15, 2019
STS - Carrizo Oil & Gas Highlights - August 15, 2019
On its 77,000-net-acre South Texas position, Carrizo Oil & Gas drilled 11 operated wells and completed 30 during Q2. In June, a 13-well multi-pad in the Brown Trust project area reached a combined peak IP30 of 11,100 boe/d (85% oil) from laterals averaging 6,100 ft on restricted chokes. In July, the company brought on production from a 14-well multi-pad in its Irvin project area; to date, the project has achieved a peak seven-day rate of more than 8,000 boe/d (93% oil) from laterals...
Aug 15, 2019
STS - Magnolia scores its best Karnes County rate in Austin Chalk - July 25, 2019
Magnolia Oil & Gas completed 16 wells on the Yanta Etal Unit in Karnes County, Texas, during Q2. Six Austin Chalk wells averaged 4,915-ft effective laterals and initial 24-hour IPs of 1,439 boe/d (86% oil), or 293 boe/d per 1,000 lateral ft, while the 10 Eagle Ford producers sporting effective laterals averaging 5,163 ft flowed IP24s of 1,763 boe/d (88% oil), or 341 boe/d per 1,000 ft. These wells were on par with the company’s prior operated results in the county. Notably, the top...
Jul 25, 2019
STS - WildHorse executives launch WildFire Energy I - July 25, 2019
Former WildHorse Resource Development president Anthony Bahr and COO Steve Habachy launched a new Houston company named WildFire Energy I to acquire and develop oil and gas assets with significant existing production. Bahr is CEO of WildFire and Habachy is COO and president. WildFire will pursue onshore acquire-and-exploit opportunities throughout the Lower 48. The company signed a line of equity arrangement exceeding $1 billion from management, funds affiliated with Warburg Pincus and the...
Jul 25, 2019
STS - Regional Highlights - July 25, 2019
The EIA projects that Eagle Ford production will fall by 1,000 bo/d and rise by 2 MMcf/d sequentially in August to 1.382 MMbo/d and 6.848 Bcf/d. There are 1,519 DUCs in the Eagle Ford as of June, up by one from...
Jul 25, 2019

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