Topic: Anadarko Basin

Ask-the-Analyst April 2019

Tuesday 4/30Ask-the-Analyst: Todd Bush, Boyd Skelton, and Luke Smith. What would an acquisition of Anadarko Petroleum Corporation by Oxy or Chevron look like for the #Permian basin? #OilandGas #Energy #shaleIf either Oxy or Chevron acquired Anadarko Petroleum Corporation, they would become the second largest proppant user in the Permian basin (based on 2018 data). Pioneer Natural Resources Company would still remain the largest user by 1 billion pounds, but Oxy would become the largest operator by number of fracs.Thursday 4/25Ask-the-Analyst: Todd Bush,...

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Delaware, Eagle Ford, Bakken, and SCOOP New Well Highlights

Tidal Petroleum Uses 7.5 Million Pounds of Frac Sand and 2459 bbls HCL Acid (2018-08-13) An Eagle Ford well was completed by Tidal Petroleum in Karnes, Texas. The Moy South 1H produced 24-hour IP rates of 2644 bbl of oil, 1,584 MMcf of gas, and 216 bbl of water along the 3,546 lateral. Enterprise Products is the gatherer for crude, condensate, and gas for the pad. Tidal Petroleum reported flowing tubing pressures of 4900 PSI and a 22/64 choke size. Discovery Natural...

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New Well Highlights from Bakken, Marcellus, Anadarko, and Wolfcamp

Hunt Oil Completes 2-mile Lateral in Bakken (2018-07-24) Hunt Oil Company has completed a Bakken well, the AUSTIN 154-90-27-22H-1, in Mountrail county, North Dakota.The AUSTIN 154-90-27-22H-1 had an initial production rate of 1073 bbl of oil, 570 MMcf of gas, and 341 bbl of water. Drilled at a depth of 9,420-ft, the 10,509-ft lateral well completed with plug and perf system. Hunt Oil Company reported a max pressure of 7,073 PSI and max rate of 62 barrels per minute in its...

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Devon Energy Actively Manages $976M in Debt and Continues Refrac Program

Devon Energy (NYSE: DVN) cut their budget by 75%, forecasting a 10% decline in oil production on a quarter to quarter basis from 2015 to 2016. Devon continues to manage their debt by putting assets up for sale and raising equity to cover the $976 million in debt they have in 2016. Committed to the Stack in 2016 In 2016 Devon will be running 4 rigs in the Stack with a focus in Meramec. The company is testing down spacing and staggering to...

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Midstates Drilling Efficiencies Lead to Lower Rig Count and Well Costs in MidCon

Midstates Petroleum (NYSE: MPO) has focused operations in the Mississippian Lime during the 2015 year. They have focused on reducing well costs through drilling efficiencies and working with suppliers. Production is expected to remain flat into 2016 as the number of completions shrink. The chart below shows the number of permits and completions by month in Oklahoma for MPO.  Mississippian Lime: Reduced rig count due to realized drilling efficienciesWells generating IRR’s of greater then 35% at current well costs Reduced drilling cycle...

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