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Unconventional Yearbook 2018

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40 | January 2018 | 2018 UNCONVENTIONAL YEARBOOK | KEY PLAYERS McClelland pad was our first development with eight infill wells drilled in the Woodford. The aver- age 30-day rate for the eight infill wells was 1,966 boe/d (36% oil). The McClelland infill wells are per- forming in-line with Newfield's recent Tina devel- opment (second-quarter 2017 completions), where production per well has averaged 1,465 boe/d (41% oil) over the first 120 days," the report stated. In March 2017 the company broke ground on a water recycling facility located in its Stack play in the Anadarko Basin in Kingfisher County, Okla., according to a news release. The Barton Water Recycle Facility is expected to process about 30,000 bbl/d of water. The recycling facility was completed in July and began operating at full capacity in August. In addition, the company's production in the Williston Basin increased during the third quar- ter, averaging nearly 22,000 boe/d (about 65% oil). Noble Energy Inc. ■ Acquired Clayton Williams Energy for $2.7 billion ■ Drilled 49 U.S. wells in third-quarter 2017 Noble Energy is an independent E&P company that has significant U.S. positions in the Denver- Julesburg (D-J) Basin, Delaware Basin and Eagle Ford Shale. In January 2017 Noble Energy finalized the bolt-on transactions that added about 7,200 net acres to the company's Southern Delaware Basin position in Reeves County, Texas. In April 2017 Noble Energy closed on the acqui- sition of Clayton Williams Energy for $2.7 billion, which increased Noble's core Delaware Basin posi- tion to nearly 120,000 net acres. Clayton Williams Energy became a wholly owned subsidiary of Noble Energy under the name NBL Permian LLC. Acquired assets included 71,000 highly contigu- ous net acres in the core of the Southern Delaware Basin adjacent to Noble Energy's original Reeves County holdings in Texas, an additional 100,000 net acres in other areas of the Permian Basin and more than 300 miles of oil, natural gas and pro- duced water gathering pipelines. In June 2017 Noble Energy divested its upstream assets in northern West Virginia and southern Penn- sylvania to HG Energy II Appalachia LLC, a portfolio company of Quantum Energy Partners, for $1.125 billion. "The Marcellus has been a strong performer for Noble Energy over the last few years," Noble Energy Chairman, President and CEO David L. Sto- ver said. "During the same time period, we have also significantly expanded the inventory of investment opportunities in our liquids-rich, higher-margin onshore assets, which has led us to now divest our Marcellus position. This enables us to further focus our organization on our highest-return areas." In November 2017 Noble Energy signed a definitive agreement with SRC Energy Inc. to divest about 30,200 net acres from the company's non- core D-J Basin position in Weld County, Colo., for $608 million. Noble Energy's third-quar- ter results report stated, "Third-quarter 2017 operat- ing cash flow from the com- pany's D-J Basin, Eagle Ford and Delaware Basin assets increased more than 40% as compared to the third quar- ter of last year. Total sales volumes across the compa- Delaware 365,000 net acres 112 MBoe/d 3Q17 production 2 BBoe net unrisked resources Eagle Ford DJ Basin 118,000 net acres 27 MBoe/d 3Q17 production 2 BBoe net unrisked resources 33,000 net acres 76 MBoe/d 3Q17 production 460 MMBoe net unrisked resources Noble Energy continued to high-grade its U.S. onshore portfolio in 2017. (Data courtesy of Noble Energy)

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