Newfield Energy's Eagle Ford First Quarter Production and Operations Update

Newfield Energy Eagle Ford Production
Newfield Energy Eagle Ford Production

Newfield Energy's net production in the Eagle Ford was 11,000 boe/d in the first quarter of 2014. That's down slightly from the company's fourth quarter 2013 production when well pads in the company's West Asherton area first came online.

Read more: Newfield's Eagle Ford Production is Set to Surge at Year End

Newfield's Eagle Ford Operations Update

Newfield is currently running a single rig program to develop its West Ahserton field and Fashing area. In the first quarter of 2014, five Eagle Ford wells were placed online, with a 24-hour gross average initial production (IP) rate of 911 boe/d. The 30-day rate was 799 boe/d.

Production is expected to maintain current levels throughout 2014 and grow approximately 30% year-over-year in the play. Newfield plans to drill 20 wells during the year. Thats down from 29 wells in 2013.

Newfield's Ealge Ford First Quarter Highlights

  • 11,000 boe/d in production
  • Single rig programming running to develop West Asherton Field and Fashing area
  • Five wells placed online