Key Wells | Capital Markets | Private Equity Activity
Noble Closes Clayton Williams Deal; Talk Wolfcamp Wells Results
Noble Energy closed on its previously annouced Clayton Williams Southern Delaware Basin property. The company plan to increase rig count from 1 to 3 rigs on the property by 3Q17. Two recent Clayton Williams Energy Wolfcamp A Lower completions, the Lowe 26 2H and the South Williams 10-51 1H, both located on the northern part of the acreage, commenced production in 2017.
The Lowe 26 2H, with a lateral length of 4,897 feet, was completed with approximately 2,900 pounds of proppant per lateral foot. Drilled to a lateral length of 4,477 feet, the South Williams 10-51 1H was completed with 3,100 pounds of proppant per lateral foot. When normalized to a 7,500 foot lateral, cumulative production for each of the wells is performing approximately 10 percent higher than the 1.0 million barrel of oil equivalent (MMBoe) EUR Wolfcamp A type curve utilized in Noble Energy's acquisition assessment. Oil comprises 80 percent of the production stream.
Related Categories :
Well Results - Positive
More Well Results - Positive News
-
APA Corp. Strikes Oil Offshore Suriname at Baja-1 Well; Dry Hole at Block 58
-
Exxon Makes Dual Discoveries at Liza, Payara Prospects Offshore Guyana
-
APA Corp. Hits Pay at Krabdagu Exploration Well Offshore Suriname
-
Petrobras Makes Oily Discovery at Campos Basin Wildcat Well
-
APA Corp. Strikes Oil at Krabdagu-1 Exploration Well Offshore Suriname
Permian News >>>
-
Seventeen (17) E&Ps; To Use 47 Frac Crews To Complete 2,800 Wells In 2024
-
These Permian Operators Plan to Complete/Frac 2,100 Wells IN 2024
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
-
Permian E&P Ups 2024 Well Completed by +27% vs. 2023
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -