Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Approach Multi-Bench Wolfcamp Well Flows 928 BOE/d (80% Oil)
Print
|
Approach Resources Inc. reported results for fourth quarter and full-year 2013 and estimated 2013 proved reserves.
Operations UpdateDuring fourth quarter 2013, we drilled 15 horizontal wells and completed 14 horizontal wells. During 2013, we drilled a total of 45 horizontal wells and completed 40 horizontal wells. At December 31, 2013, we had nine horizontal wells waiting on completion. The average initial 24-hour rate for wells completed during fourth quarter 2013 was 766 Boe/d (64% oil), excluding one short-lateral horizontal well.
During fourth quarter 2013, we completed a three-well, multi-bench pad in central Project Pangea. The pad includes two Wolfcamp B bench wells, the Baker B 232HB (6,500 feet lateral) and the Baker B 238HB (6,902 feet lateral), and a Wolfcamp C bench well, the…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…