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Eagle Rock Energy Partners, L.P. Message Board

  • oklahomacrude66 oklahomacrude66 Nov 2, 2012 11:03 AM Flag

    Transcript

    Eagle Rock owns almost 14,000 net acres in the larger SCOOP area that produce from multiple formations, including horizontal completions in the Woodford Shale. Within the de-risked area of SCOOP, as outlined by Continental, Eagle Rock owns over 8,500 net acres.

    During 2012, we run 3 operated rigs and participated in numerous non-operated wells in both the Golden Trend and Southeast Cana areas, drilling both vertical tests through multiple formations, which include the Hart, Viola, the Springer, the Hunton, Sycamore and Bromide formations, as well as horizontal Woodford tests.

    Our initial operated Southeast Cana horizontal Woodford well, which is called the Beckham 1-27H. What -- the Beckham 1-27H is currently producing to sales and has averaged approximately 4.3 million cubic feet a day of gas and over 200 barrels of oil per day in its first 30 days of production. Based on gas analysis, the production from the Beckham is over 6 GPM of gas.

    Eagle Rock operates the Beckham well with a 100% working interest and a 76% net revenue interest. We've recently spud our second operated well in the area, the Kelly 1-2H well with a 68% working interest, and we are participating in 2 non-operated wells that are currently drilling and a third non-operated well, which is waiting on completion. Our working interest in the non-operated wells tends to average around 6%, but it could be as low as 1% and as high as 25%, but on average, about 6%.

    We are very pleased so far with the drilling and production results in this area. And we believe we have a significant resource potential on our large acreage position. I'll discuss our development plans and the resource potential of this area in a few minutes.

 
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