Anadarko Starts 96 Eagle Ford Wells In The Second Quarter

Benefitting From KNOC Cost Carry Through Year-End 2013
Anadarko EagleFord Production Graph Q213

Anadarko’s Eagle Ford Production | Click to Enlarge

Anadarko Petroleum released second quarter results and updated us on the company’s Eagle Ford operations. The company spud 96 wells in the second quarter and plans to drill a total of 325 wells in 2013.

Eagle Ford production increased 13% over the first quarter to 48,000 boe/d. Liquids production accounted for almost 32,000 b/d or approximately two-thirds of the company’s production in the region. That’s up over 60% from the second quarter of 2012. [Read more…]

Anadarko Plans More Eagle Ford Drilling With Fewer Rigs

Anadarko Eagle Ford Acreage Map

Anadarko Eagle Ford Acreage Map | Click to Enlarge

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…]

Anadarko’s Eagle Ford Resource Estimate Swells to 600 mmboe

Gross Resource Estimates Easily Surpass 1 Billion Barrels Equivalent

Anadarko Petroleum increased the number of identified Eagle Ford well locations to 4,000 and increased its resource estimate to 600 million barrels of oil equivalent.  That means total resource from the company’s 400,000+ gross acres will stretch to more than 1 billion boe. Anadarko is partnered with KNOC across its Eagle Ford acreage.

Anadarko also reached record production in the quarter. The company averaged more than 30,200 boe/d for an entire week. Sales volumes averaged 12,000 b/d of oil, 6,000 b/d of NGLs, and 59 mmcf/d of natural gas during the quarter. [Read more…]

Net Midstream 105-mile Expansion to Agua Dulce Planned

Eagle Ford Midstream Will Go From 55-Miles To 160-Miles of Pipe When the Project is Completed

Net Midstream’s subsidiary, Eagle Ford Midstream, LP, has plans to expand its existing pipeline system by 105-miles from La Salle County to Nueces County. Anadarko is supporting the pipeline through a long-term transportation agreement.  [Read more…]

Enterprise Products Adding NGL Fractionators 7 & 8 at Mont Belvieu

Total Capacity Will Exceed 600,000 b/d at Mont Belvieu and EPD Will Have Capability to Handle 2.4 Bcf in the Eagle Ford

Enterprise Product Partners is the latest of many Eagle Ford midstream companies that are adding infrastructure to handle growing NGL production. Enterprise is already constructing its sixth fractionator at Mont Belvieu and the latest announcement comes after Dow and Shell announced plans to go forward with new petrochemical plants in the U.S.

The additions will add 150,000 b/d of incremental capacity in the fourth quarter of 2013 when total capacity will be more than 610,000 b/d at the facilities. That’s more than double the capacity of Enterprise’s plant just two years ago. The plans are supported by growing volumes of NGL production in the Eagle Ford Shale, Rocky Mountains, and West Texas. [Read more…]