SilverBow Resources has put a horseshoe lateral in South Texas’ Austin Chalk, turning a one-miler around for a total 8,900-foot, U-shaped hole, it reported Wednesday.
The U lateral is the Chalk's first, according to Enverus data, while other operators have made U laterals in the underlying Eagle Ford formation, Jeff Magids, SilverBow vice president of finance and investor relations, told Hart Energy.
The well, in Live Oak County, Texas, came in with a 25% lower price tag than two one-mile wells, the company reported.
An IP rate wasn’t reported.
The well, HP Chapman 201H, is in northwestern Live Oak near its border with Atascosa and McMullen counties at the intersection of the Eagle Ford’s volatile oil and condensate phases.
“The successful … approach will be deployed to develop additional targets in the immediate area,” SilverBow reported.
SilverBow has identified more than 30 locations in “complex, stranded acreage configurations” where the U shape may “unlock potential significant value,” it added.
Among them, seven are planned in the area of HP Chapman 201H.
Recommended Reading
Sempra Targets Summer 2025 for Commercial Start of ECA LNG Phase 1
2024-03-06 - Sempra is targeting the summer of 2025 as the commercial operations date for its 3.25 mtpa (0.43 Bcf/d) nameplate capacity Energía Costa Azul LNG Phase 1 project, located in Ensenada in Baja California, Mexico.
Darbonne: Brownsville, We Have LNG Liftoff
2024-04-02 - The world’s attention is on the far south Texas Gulf Coast, watching Starship liftoffs while waiting for new and secure LNG supply.
Mexico Pacific FID Imminent for Saguaro LNG Trains 1 and 2
2024-04-04 - Mexico Pacific Ltd. is close to taking an initial final investment decision for the first two trains at its Saguaro Energía LNG facility in Sonora, Mexico, which will source feed gas from the Permian Basin.
ConocoPhillips Looks to Scale Portfolio, But Citgo Auction Not a Factor
2024-05-15 - ConocoPhillips has a long-term ambition to boost its LNG offtake capacity to between 10 mtpa to 15 mtpa as it keeps a short-term eye on the auction of Citgo Petroleum.
Segrist: The LNG Pause and a Big, Dumb Question
2024-04-25 - In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.