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Unconventional Yearbook 2018

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30 | January 2018 | hartenergy.com 2018 UNCONVENTIONAL YEARBOOK | KEY PLAYERS Energen ■ 2.5 Bboe net undeveloped horizontal resource potential in Permian ■ Proved reserves totaled 316 MMboe at year- end 2016 Energen operates exclusively in the Permian Basin of West Texas and New Mexico. As of July 1, 2017, the oil-focused E&P company had identified 4,116 net engineered, unrisked potential drilling loca- tions in horizontal plays in the Delaware and Midland basins with an estimated 2.5 Bboe net undeveloped resource potential, according to the company's website. Energen's proved reserves at year-end 2016 totaled 316 MMboe. The independent company was scheduled to complete an estimated 111 net wells in 2017—36 in the Delaware Basin and 75 in the Midland Basin, according to Energen's September 2017 presenta- tion. All 2017 completions feature the company's Gen 3 fracture design, and about 75% are pattern wells completed in batches at original reservoir pressure, the company said. As a result, Energen was on track at mid-year 2017 to generate 29% year-over-year growth in total production and 37% growth in Midland and Delaware production. Energen expected to have 15 gross (14 net) drilled but uncompleted wells (DUCs) in the Midland Basin and 14 gross (12 net) DUCs in the Delaware Basin at year-end 2017, according to the presentation. In addition, Energen is adding to its Perm- ian footprint through acquisitions of unproved, bolt-on leasehold. In the 18 months ending June 30, 2017, Energen acquired about 19,000 net bolt-on acres for some $335 million, according to the company. EOG Resources Inc. ■ 2016 U.S. production of 181 MMboe ■ Completed 51 wells in the second quarter in the Eagle Ford EOG operates in several basins across the U.S. The company reported 2016 U.S. production of 181 MMboe and year-end 2016 proved reserves of 2,088 MMboe, according to the company's website. In the South Texas Eagle Ford EOG completed 51 wells in the second quarter with an average treated lateral length of 6,500 ft per well and aver- age 30-day IP rates per well of 1,960 boe/d, or 1,520 bbl/d of oil, 225 bbl/d of NGL and 1.3 MMcf/d of natural gas, according to the company's sec- ond-quarter 2017 results report. In Karnes County, Texas, EOG completed a three-well pattern, the Lynch Unit 2H-4H, with an average treated lat- Energen has identified 4,116 net engineered, unrisked potential drilling locations in horizontal plays in the Delaware and Midland basins. (Photo courtesy of Energen)

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