Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Production Rates | Drilling Program
Anderson Energy Postpones Drilling until H2 2015
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Anderson Energy Inc. has announced its operating and financial results for the fourth quarter and year ended December 31, 2014.
Anderson completed its 2014/2015 winter program with the drilling of nine Cardium wells. The average initial production rate over the first 30 days (IP 30) for the seven Cardium wells which have more than 30 days of production data is 397 BOED (82% oil, condensate and NGL). The eighth and ninth wells drilled are on production but do not yet have 30 days of production data. Included in the most recent program was the Company's first long-reach Cardium well which had an IP 30 of 651 BOED (92% oil, condensate and NGL). The best well in the program had an IP 30 of 700 BOED (68% oil, condensate and NGL). Production in the fourth quarter was 3,396 BOED (35% oil…- ✓ Full news archive — U.S., Canada & international coverage
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