Forest Oil is shifting gears in the Eagle Ford, after three gross (1.5 net) wells hit a fault line in the company’s southern acreage during the fourth-quarter.
In 2013, Forest reported results on 44 gross (22 net) wells, with a 30-day average gross production rate of 408 boe/d. By contrast, 17 gross (8.5 net) wells drilled during the fourth-quarter had a 30-day average gross production of 304 boe/d. That’s about ~25% less for the fourth-quarter, compared to the full year. Both gross production rates included the results from three gross (1.5 net) wells impacted by faulting.
The company had plans for 2014 to more than double its oil production in the Eagle Ford; however, due to faulting’s negative impact on production in the fourth-quarter, the company is pulling back the reins.