Base on their drilling plans i would guess their IP30 is between 400 and 800, this well has a 5,000 lateral. If it were much lower than that I think they would have allocation some drilling dollars to the turner. We will know soon enough
Yes: In the Eagle Ford, the company will complete one well on its Cave prospect in McMullen County and drill and complete five net wells on its Jourdanton prospect in Atascosa County. Approximately $10 million is budgeted to be spent acquiring additional leasehold in Abraxas’ core areas, the Bakken and Eagle Ford.
5 more wells would seem to indicate that Blue Eyes is a good well.
Also, $10MM of the $72MM garnered from the Wycross sale indicates that debt is to remain substantially paid down for a while.
Blue Eyes is in Atascosa County.
You have Marathon; Murphy Oil; Pioneer; EOG and other Big Companies drilling the Eagle Ford.
Low Initial Production was 450 Barrels with a High of 1,500 Barrels. There is also a good amount of Natural Gas.
No one is really drilling close to AXAS Leases.