Anadarko Eagle Ford production had a record setting fourth-quarter in 2013, with a net sales volume of 53,000 boe/d. That’s up from the company’s third-quarter 2013 results by ~6% and up 36% from fourth-quarter 2012 net sales of ~39,000 boe/d.
Anadarko set a new record for onshore U.S. sales volumes with 590,000 boe/d of production in the third quarter. The record was achieved through growth in areas like the Eagle Ford.
Anadarko’s Eagle Ford production grew 4% from the previous period to 50,000 boe/d in the third quarter. More impressively, the company has grown production from the play by 38% over this time in 2012.
Anadarko operated nine rigs in the quarter and spud 97 wells. With the average drilling time coming in at less than ten days, the company expects to drill ~325 wells in 2013. [Read more…]
Anadarko (APC) hosted KNOC and Korean media outlets for a tour of the Eagle Ford late last year.
The video below provides a short overview of the trip and Anadarko’s Eagle Ford operations.
After embattled CEO and founder Aubrey McClendon left Chesapeake in April, the company has been searching for his replacement. On May 2oth, the company announced Robert “Doug” Lawler was chosen to take the reins as CEO. [Read more…]
Anadarko’s Eagle Ford production is up 55% from one year ago to 42,200 boe/d. Liquids volumes account for 28,000 b/d of production and grew even faster at a rate of 60% over the past year. [Read more…]
Anadarko Petroleum’s Eagle Ford assets will be developed with fewer rigs in 2013. Anadarko is dropping its average rig count from 10 to 8 after the company was able to drop its spud to rig release time by 26% in 2012. The average spud to rig release averaged 9.2 days during the quarter and a record 5.4 days was set. [Read more…]