Newfield Energy’s Eagle Ford First Quarter Production and Operations Update

Five Eagle Ford Wells Placed Online in Q1 2014
Newfield Energy Eagle Ford Production

Newfield Energy Eagle Ford Production | Click to Enlarge

Newfield Energy’s net production in the Eagle Ford was 11,000 boe/d in the first quarter of 2014. That’s down slightly from the company’s fourth quarter 2013 production when well pads in the company’s West Asherton area first came online.

Read more: Newfield’s Eagle Ford Production is Set to Surge at Year End

Newfield’s Eagle Ford Operations Update

Newfield is currently running a single rig program to develop its West Ahserton field and Fashing area. In the first quarter of 2014, five Eagle Ford wells were placed online, with a 24-hour gross average initial production (IP) rate of 911 boe/d. The 30-day rate was 799 boe/d.

Production is expected to maintain current levels throughout 2014 and grow approximately 30% year-over-year in the play. Newfield plans to drill 20 wells during the year. Thats down from 29 wells in 2013.

Newfield’s Ealge Ford First Quarter Highlights

  • 11,000 boe/d in production
  • Single rig programming running to develop West Asherton Field and Fashing area
  • Five wells placed online

Read more at newfield.com

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Kirk Eggleston

Kirk Eggleston

Contributor at EagleFordShale.com
Kirk Eggleston writes on significant news developments in the Eagle Ford and Bakken Shale plays. He is a former broadcast journalist, and has experience covering news and politics in the Texas and Louisiana markets.

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