Granite Wash

Newfield Exploration Hogshooter Conference Call Comments - Q3 2012

Newfield Exploration Company (NYSE:NFX) made the following comments on the Hogshooter Wash during the company’s third quarter of 2012 earnings conference call.  The company’s first well into this play produced at an initial rate of 5,045 barrels of oil equivalent (BOE) per day

“Our first well was a barn burner with an initial gross production of more than 5,000 barrels equivalent per day. This well has averaged about 4,200 BOE a day over the first 30 days. Our working interest in this well is about 100%. We have a rig dedicated to the play now and we are drilling our second well currently…the Hogshooter well cost us a little over $8 million.”

“The composition of that 4,200 BOE per day was about 2,650 barrels of oil, 780 barrels of natural gas liquids and about 3.9 million cubic feet of natural gas per day. And that's a 30-day average. So that's, what, 75% oil, 90% liquids or so.”

Source: Seeking Alpha

Newfield Exploration Reports On Hogshooter Well

Newfield Exploration Company (NYSE:NFX) reported the production results of the company’s first well drilled into the Hogshooter Wash during the third quarter of 2012. 

Newfield Exploration said that the well produced at an initial rate of 5,045 barrels of oil equivalent (BOE) per day, with a 90% liquids content.  The Hogshooter Wash well produced an average of 4,200 BOE per day during the first 30 days of production.

The Hogshooter Wash well was drilled in Wheeler County, Texas, and has a 4,850 foot lateral.  The company is operating one rig here and has three additional wells in progress.

Chesapeake Energy Reports Updated Production on Thurman Horn 406H Well

Chesapeake Energy (CHK) reported an update on the Thurman Horn 406H well drilled and completed into the Hogshooter Wash in Texas.  The well had average production of 7,350 barrels of oil equivalent (BOE) per day during the first eight days of production.

The Thurman Horn 406H well is currently producing 5,100 BOE per day with a 65% liquids composition.  The well has cumulative production of 265,000 barrels of oil, 65,000 barrels of natural gas liquids and 350 million cubic feet of natural gas.

Chesapeake Energy reported that the Zybach 6010H well into the Hogshooter Wash has production of 2,400 BOE per day.  The Meek 41 9H, which is the company’s first well drilled and completed into the Hogshooter Wash, is currently producing 720 BOE per day after 90 days of production.

Chesapeake Energy is currently drilling the Meek 41 10H and the Thurman Horn 4010H wells and plans to drill 11 additional 11 Hogshooter Wash wells before the end of 2012.