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Eagle Rock Energy Partners, L.P. Message Board

  • oklahomacrude66 oklahomacrude66 Feb 22, 2012 3:21 PM Flag

    Cana Shale--EROC has been buying land here

    Newfield invested ~$100 million in '11 to build a ~125,000 net acre position in the southeast portion of the Anadarko Basin Cana Woodford. In '12, the company plans to invest ~$300 million to conduct a drilling program of up to seven rigs. Industry southeast Cana wells have commenced at an average of 7+ Mmcfepd (~30% NGLs/condensate) implying a recovery of up to 10 Bcfe for a cost of ~$8 million. Assuming 160-acre development and 25% acreage impairment, Newfield has ~600 net drilling Cana locations with ~4 Tcfe of net resource potential.

 
EROC
3.14+0.02(+0.64%)Nov 26 4:00 PMEST

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