Abraxas Finishes Drilling 1st Eagle Ford Well

Abraxas announced completion of its first Eagle Ford well in South Texas.

In DeWitt County, Texas, Blue Eagle Energy, LLC, the previously announced joint venture between Abraxas and Rock Oil Company, LLC, drilled the T Bird 1H to a total measured depth of 19,450 feet, including a 5,700 foot lateral which is one of the longest laterals drilled in the Eagle Ford Shale play to-date. The well was completed with a 15-stage fracture stimulation and recently placed on-line at a restricted rate approximately 75 days after spud. The well is being opened up slowly to prevent formation damage and an unrestricted rate will be announced in the near future. Abraxas currently owns an approximate 50% interest in the joint venture.