Talisman Energy’s Adds Fracking and Completion Crews

Talisman Energy recently completed an Eagle Ford Shale Acreage Acquisition from SM Energy and now has two in house completion crews that will administer fracking operations across the play. The decision to build the Talisman led hydraulic fracturing crews delayed oil & gas operations earlier in the year, but the company should be able to ramp up activity without the inflation other operators are experiencing. Economic results have been strong and this is another sign that Talisman and the like are planning to be here for the long haul.

In the Eagle Ford, we’re continuing to ramp up activity, and we’ll exit with 10 rigs operating there. We now have 2 completion teams fully up and running, and they have a continuous program as we build production from the area. We were a little slower than we had hoped in getting the completion activity started this year because we wanted to use our own dedicated crews rather than utilize existing service companies at the very high spot rates earlier in the year. This will reduce our average production from the play for this year because we can’t make up for the period we delayed, but the crews at least are now fully up and running.

Read the full press release at SeekingAlpha.com

The following two tabs change content below.
Kenneth E. DuBose

Kenneth E. DuBose

Kenneth DuBose is the past President of Cheyenne Minerals Inc., an independent oil and gas operator. He began his energy industry career with ARCO Oil & Gas. Mr. DuBose then directed development of natural gas storage projects with Tejas Power Corp. He was a founding member of U.S. Minerals, (acquired by Torch Energy in 1999) a provider of internet based education for America’s mineral owners. Mr. DuBose holds a BS in Petroleum Engineering from Mississippi State University. He has served on various industry steering committees, non-profit boards, and is an active member of the Society of Petroleum Engineers, the National Association of Royalty Owners, the American Association of Professional Landmen, as well as being a Registered Investment Advisor. He writes on topics of oil and gas investing, wealth management and personal finance, having appeared in the Wall Street Journal, Kiplinger’s, Kiplinger’s Personal Finance, Houston Business Journal, Financial Advisor and various radio and TV outlets.