For calendar year 2013:
- increased average daily production by 51%; now almost 34,000 boepd
- 106 net wells in 2013; 36 net wells in fourth quarter (2013)
- increased total estimated net proved oil/gas reserves to almost 228 million boe
- increased total estimated net provide oil/gas reserves by almost 60%
- grew leasehold by 54% to 515,314 net acres
- 422,386 net acres held by production
- acquired 161,000 net acres in four separate transactions, totaling $1.554 billion
- increased drilling location inventory by almost 80%
- drilling location inventory: 3,590 (up from 2,020 one year ago)
- well costs: $7.5 million (from $8.5 million a year earlier)
- ended year with total liquidity of $1.25 billion
- to sell some non-operated Sanish property; undisclosed buyer; $333 million; 8,354 acres ($333 million/8,354 producing acres = $40,000/acre
- increase daily production to 50,000 boepd (excluding Sanish production)
- CAPEX: $1.425 billion; 90% for drilling/completion [$1,282 million/$7.5 million = 171 wells]
- to complete 148 net wells [$1,282 million / 148 wells = $8.7 million/well]
- will drill almost all wells on 3+ well-pads; 50% of wells will target the Three Forks
- "normal winter"
- increased volume almost 30% q/q
- 93% of wells connected to natural gas infrastructure [compare with KOG]
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