Anadarko set a new record for onshore U.S. sales volumes with 590,000 boe/d of production in the third quarter. The record was achieved through growth in areas like the Eagle Ford.
Anadarko's Eagle Ford production grew 4% from the previous period to 50,000 boe/d in the third quarter. More impressively, the company has grown production from the play by 38% over this time in 2012.
Anadarko operated nine rigs in the quarter and spud 97 wells. With the average drilling time coming in at less than ten days, the company expects to drill ~325 wells in 2013.
During the second half of the year, Anadarko's midstream infrastructure has expanded significantly:
- Commissioned 3 oil stabilization trains with 75,000 b/d of capacity
- Reached start up on an expanded gas gathering facility (500 mmcfd)
- Added gas compression
- Expects to add more compression and another 25,000 b/d oil stabilization train in the fourth quarter
Additional midstream infrastructure will allow for more predictable growth and allows the company to maximize the value of the liquids it produces.
Anadarko will likely spend more in the Eagle Ford in 2014 than the company spent in 2013.
Anadarko reached record production in the Wattenberg field, the Eagle Ford, East Texas Haynesville, the Greater Natural Buttes area in Utah, and the Marcellus Shale. Read the full release at anadarko.com