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
Kenneth E. DuBose
Latest posts by Kenneth E. DuBose (see all)
- H2S Gas Found in Higher Concentrations – McMullen Co. Wells - Dec 29, 2014
- RRC Adopts New Pipeline Permit Rule - Dec 26, 2014
- SPE-GCS Shale Study Group to Be Formed in 2015 - Dec 24, 2014