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Unconventional Yearbook 2018

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12 | January 2018 | hartenergy.com 2018 UNCONVENTIONAL YEARBOOK | KEY PLAYERS 48 unit is one of the largest producers in the San Juan Basin of New Mexico and Colorado, where the company operates about 3,900 wells, according to the company. In August 2017 BP brought online a highly productive natural gas well in the Mancos Shale, according to a press release. "Early production rates at the NEBU 602 Com 1H well in San Juan County are the highest achieved in the past 14 years within the San Juan Basin, a large oil and gas producing area spanning southwest Colorado and northwest New Mexico that includes the Mancos Shale," the release stated. "The successful well test took place on assets BP acquired in late 2015." The well achieved an average 30-day IP rate of 12.9 MMcf/d. For 2017 BP expected to start up seven major projects outside the U.S. in 2017, "making it one of the most signifi cant years for commissioning new projects in our history," BP stated on its website. "Together with the projects already brought online in 2016, these new projects will make a huge contri- bution to the 800,000 barrels of oil equivalent per day of new production by 2020." Carrizo Oil & Gas Inc. ■ 104,000 net acres in the Eagle Ford Shale ■ Second-quarter 2017 crude oil production of 33,629 bbl/d Houston-based Carrizo Oil & Gas Inc. is an energy company actively engaged in the exploration, development and production of oil and gas from resource plays in the U.S. The company operates in the Eagle Ford Shale in South Texas, Delaware Basin in West Texas and Niobrara Formation in Colorado. In third-quarter 2017 Carrizo reported crude oil production of 34,903 bbl/d, a 43% increase from a year earlier, and total production of 55,224 boe/d, a 35% increase from a year earlier, according to the company's third-quarter 2017 report. "Drilling and completion capital expenditures for the third quarter of 2017 were $165 million. Approx- imately 75% of the third-quarter drilling and com- pletion spending was in the Eagle Ford Shale, while more than 20% was in the Delaware Basin. Land and seismic expenditures (excluding the ExL acquisition) during the quarter were $11.8 million and were pri- marily focused in the Permian Basin and Eagle Ford Shale," the company stated in the report. In the Delaware Basin Carrizo has 42,500 net acres, 400-plus net undrilled locations and 12 MMboe of proved reserves, according to the com- pany's website. The company's 2017 plans included a three-rig program, drilling 10 gross (8 net) wells and completing 16 gross (13 net) wells. In the sec- ond quarter Carrizo completed two operated wells, and crude oil production from the play was more than 900 bbl/d for the quarter, according to the company's second-quarter 2017 report. In August 2017 Carrizo acquired about 16,508 net acres located in the Delaware Basin in Reeves and Ward counties in Texas from ExL Petroleum Management LLC and ExL Petroleum Operating Inc., a press release stated. In the Eagle Ford Shale Carrizo has 104,000 net acres, 1,200-plus net undrilled locations and 162 MMboe of proved reserves, according to the compa- ny's website. The company's 2017 plans included a two- to three-rig program, drilling 93 gross (80 net) wells and completing 93 gross (84 net) wells. In the second quarter Carrizo drilled 23 gross (21.2 net) operated wells and completed 26 gross (21.6 net) wells, and crude oil production from the play was more than 30,600 bbl/d for the quarter, according to the company's second-quarter 2017 report. In the Niobrara Formation Carrizo has 30,700 net acres, 640-plus net undrilled locations and 3 MMboe of proved reserves, according to the com- pany's website. The company did not have drilling or completion activity planned in the Niobrara for 2017. Carrizo planned to sell its Denver-Julesburg Basin assets for up to $155 million to an undisclosed buyer, according to a November 2017 press release. The transaction is expected to close in January 2018. In November 2017 Carrizo sold substantially all of its assets in the Utica Shale, located primar- ily in Guernsey County, Ohio, for $62 million in cash, a press release stated. In the Utica Carrizo had 25,900 net acres, 130-plus net undrilled loca- tions and 2 MMboe of proved reserves, according to the company's website. The company did not

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