Newfield Exploration’s Eagle Ford production grew 9% from the second quarter to the third quarter to average 8,200 boe/d. Fourth quarter production is expected to surge to more than 12,000 boe/d as well pads in the West Asherton area come online.
Growth in the last few months of the year puts Newfield on pace to grow production 70% year over year. The company’s production is approximately 56% oil, 19% NGLs, and 24% natural gas.
Newfield is drilling horizontal laterals that range from 5,000-10,000 ft in the West Asherton Field in Dimmit County and has been able to drive well costs down approximately 20% to $7.3 million.