Laredo Energy said that the company’s gross production of natural gas from Laredo’s operations in the Eagle Ford shale in Webb County, Texas has reached 35mmcfd flowing into the newly completed Eagle Ford Escondido Gathering System.
Laredo expects to complete three more wells in Webb County and tie them into the system before the end of the year.
Laredo released the production information after successful fracture stimulation of the RV Benavides No 5H well located 18.7 miles north of the City of Laredo.
The well was completed in the Eagle Ford shale to a measured depth of 14,854ft with a horizontal section of 3,200ft and tested at over 10mmcfd at 7,000psi flowing tubing pressure on a 17/64-inch choke.
Laredo Energy president and CEO Glenn Hart said that the company has 12 horizontal completions in Webb County at present.
"Our burgeoning drilling program in South Texas includes successful horizontal completions in the Eagle Ford shale and in the shallower Austin Chalk, Olmos and Escondido formations," Hart said.
To date, Laredo Energy has six horizontal wells producing in the Eagle Ford shale, one in the Austin Chalk formation, one in the Olmos, and four in the Escondido formation.
The company is operating one drilling rig in Webb County and expects to begin operating a second rig in mid November.
