Austin Exploration has commenced drilling on the Krueger #1 well located on the Eagle Ford Shale project at the Birch Prospect in Burleson County, Texas.
The well will be drilled to a depth of 9200ft and is expected to take 12-15 days to complete.
Primary targets of the drilling will be the Eagle Ford formation, which is expected to be intersected at 8,700ft, and the Austin Chalk, which is expected to be intersected at 8,300ft.
Other hydrocarbon bearing formations which are expected to be intersected include the Taylor Sand formation at 6,500ft, the Buda lime formation at 9,000ft and the Georgetown Lime formation at 9,100ft.
Austin Explorations CEO Guy Goudy said that the firm expects to achieve initial production rates of in excess of 800 barrels of oil per day from horizontal wells drilled into the Eagle Ford formation.
