Anadarko's Eagle Ford Drilling Time Continues to Fall

Anadarko's Third Quarter Production - Southern Region
Anadarko's Third Quarter Production - Southern Region

Anadarko Petroleum's average drilling time in the Eagle Ford continues to fall. In the third quarter, the company drilled 28 wells that had a spud to rig release time of less than 10 days. The company's record still stands at near 6 days, but the overall fleet is getting more efficient and company averages are approaching old records.

Anadarko has nine rigs, one spudder rig, and three completion crews dedicated to Eagle Ford development.

During the quarter, Anadarko's production from the area grew to 36,400 boe/d net. That's more than 100,000 boe/d on a gross basis! Daily gross processed production averaged 112,000 boe/d for the quarter. That's impressive considering Eagle Ford production was near ZERO two years ago.

Anadarko also installed booster turbines at primary delivery points in its gathering system and has increased its ability to deliver sales volumes uninterrupted.