Newfield Moving To Pad Completions and Driving Costs Down

NFX's Eagle Ford Production Was Down In Q1 - Will Surge In Q2
Newfields Eagle Ford Focus Areas

Newfield’s Eagle Ford Focus Areas | Click to Enlarge

Newfield (NFX) is one of the first to show what I expect we’ll see from others later in the year.

NFX’s Eagle Ford production was down in the first quarter, BUT it will surge in the second quarter when well pads that are already drilled are completed.

Others will experience this as well. Pad drilling will make production profiles look much more choppy than they have been to date. [Read more…]

Newfield’s Extended Lateral Wells in Dimmit County Produce 900 BOED

We should know results of the 10,000 ft lateral test early in 2013
Newfield Eagle Ford Well Performance

Newfield Focus Areas | Click to Enlarge

Newfield Explorations has drilled four extended lateral (SXL) wells in Dimmit County to date. Initial wells results look promising with initial production rates near 900 boe/d. The company has drilled the wells with 7,500 ft laterals in as little as 12 days. That’s moving. The company has five additional SXL wells planned before year-end and also plans to test a wells with a 10,000 ft lateral. Results point to SXL wells yielding more than 500,0000 barrels and 10,000 ft laterals might grow potential EURs even further. The company commented:

Again, we are using controlled flowback to manage the production, limit pressure drawdown and maximize EURs. Our South Texas drilling team is able to drill and case these wells in 12 days for less than $3 million. We are seeing some relief in completion cost and expect the favorable trends to continue into 2013.

[Read more…]