Anadarko – KNOC Tour of the Eagle Ford – Video

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.

Anadarko reports Q3 earnings on November 5th. We’ll have another APC update for you then.

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 Eagle Ford Drilling Time Falls to 6.8 Days for Record

Anadarko is also approaching 100,000 boe/d of gross processed production
Anadarko Eagle Ford Shale Map

Click to View Larger Version

Anadarko set an Eagle Ford record with a spud to rig release time of just 6.8 days for its best well in the second quarter of 2012. On average, the company spent just 10.5 days from spud to rig release for each well. That is down from almost 18 days when the company started drilling Eagle Ford wells in 2009.

Anadarko also set a record with a weekly net production rate of 32,300 boe/d in the quarter. Gross processed production is approaching 100,000 boe/d. [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…]

Anadarko Petroleum Q3 Operations Update

Anadarko Petroleum announced third quarter earnings today (Nov. 1) along with an operations update. In the Eagle Ford, the company grew production to more than 66,000 boe/d, which is almost 50% quarter over quarter growth and up from a just over 25,000 boe/d in the 2010 third quarter.

The company operated 11 rigs, with one being a spudder rig. Those 11 rigs commenced drilling 56 wells, while Anadarko brought 37 wells to production.

The Korea National Oil Company (KNOC) owns a 33% in Anadarko’s Maverick Basin Eagle Ford assets.   [Read more…]

SM Energy – Mitsui Reach Eagle Ford Shale JV Deal

SM Energy Map

Click to View Larger Image

SM Energy sells 39,000 net acres to Mitsui for total commitments of $680 million (>$17,000 per acre).  The full payment will be made in the form of a cost carry in which Mitsui will carry SM for 90% of its costs on the acreage until the $680 million is exhausted. Industry analyst have been waiting for announcements from SM Energy on how they would raise capital for development of their Eagle Ford Shale assets.  [Read more…]

MENU