Eagleford Energy Begins Drilling Well in Zavala County
Eagleford Energy Inc.'s wholly owned subsidiary, Dyami Energy LLC has commenced drilling the Murphy/Dyami #3, on its Murphy Lease comprising 2,637 acres of land in Zavala County, Texas. This marks the third well drilled on the lease with the previous two wells encountering the Eagle Ford shale formation at expected target depth. Data from the previous two wells drilled indicates that the Murphy Lease sits atop Serpentine plugs with multi-stacked formations such as the Escondido, Olmos, San Miguel, Anacacho, Austin Chalk, Eagle Ford shale, Buda and the Georgetown formations prospective to host hydrocarbons.
A. L. "Buddy" Dawsey, of Dawsey Operating LLC., a Texas based operating company drilling the Murphy well for the Company, stated, "We have several stacked targets on the Murphy lease. Total organic content, permeability and porosity from the previous two wells drilled indicate that the Eagle Ford formation on the Murphy Lease held by Dyami Energy has the petro-physical attributes of commercially productive wells in the oil window of this play."
The Company's Murphy Lease is situated in northeast Zavala County, Texas, and is part of the Maverick Basin of Southwest Texas, downdip from the United States Geological Studies north boundary of the Smackover-Austin-Eagle Ford total petroleum system. This area is often referred to as the "oil window" of the present Eagle Ford shale play and data derived from cores of the two prior Murphy wells demonstrates this lease to be in this oil window.