Clayton Williams Energy grew its Eagle Ford oil production in the fourth quarter of 2013 over 2012 by ~430% from 312 b/d - 1,354 b/d.
The increase in production is a sign that the company is gaining confidence in moving forward with its Eagle Ford operations. In an early February 2013 statement, the company alluded that additional drilling and production data would be needed to determine if the Eagle Ford Shale drilling program could be economically viable.
Clayton Williams Reserve Additions in 2013
In 2013, the Eagle Ford contributed to 27.7 mmboe of reserves additions in 2013. Other plays that contributed to Clayton Williams' reserve additions included the Wolfberry and Delaware Basin.
Clayton Williams Eagle Ford Guidance for 2014
Planned expenditures in the Eagle Ford formations account for ~$160 million. That's ~50% of the company's budget for the year. As of late February, the company had 2 rigs in its Giddings - Eagle Ford Shale drilling program.
Clayton Williams Eagle Ford Production Breakdown in Q4 2013
- Oil - 1,354 b/d
- Natural Gas - 86 mcf/d
- NGLs - 20 b/d
Clayton Williams Eagle Ford Production Breakdown for 2013
- Oil - 1,136 b/d
- Natural Gas - 78 mcf/d
- NGLs - 19 b/d
Read more at claytonwilliams.com