Anadarko getting 28,000 barrels per day in the Eagle Ford
May 10, 2013 at 3:30 pm by Jennifer Hiller
The Woodlands-based Anadarko Petroleum Corp. in the first quarter saw a 60 percent jump over the same period last year in the sale of Eagle Ford Shale “liquids” — which includes both crude oil and natural gas liquids.
Anadarko sold about 28,000 barrels per day, the company said in its first-quarter earnings call with analysts this week.
The company says its Eagle Ford operations are getting strong results, and at low operating costs.
Eagle Ford: Anadarko’s plant nears completion
Anadarko has drilled a number of Eagle Ford wells in less than 10 days. “So if you put everything in play and look at the completion cost, we are now filling, completing and equipping those wells in the order of $5.5 million to $6 million,” said Charles Meloy, senior vice president of U.S. onshore exploration and production.
Anadarko will get its new day gas processing plant south of Cotulla online in the second quarter, which may cause some downtime in the field.
“That’s just going to be an up and down deal and we are going to do it safely and carefully, and we are taking a very conservative approach to how we put all that together,” Meloy said. “It’s just it’s part of the drilling plans we talked about a couple of quarters ago as we start this infrastructure build out, you get into these spots from time-to-time that you throw a lot of downtime in, and this quarter is going to be one of those as we significantly enhance our infrastructure position …”
South Texas boom: Eagle Ford oil production hits record high
Anadarko holds about 400,000 acres in Dimmit, La Salle, Maverick and Webb counties, where natural gas liquids are abundant. Its plant will separate natural gas liquids — methane, ethane, propane and butane — and have the capacity to process 200 million cubic feet of gas per day.