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Bill Barrett Runs One-Rig DJ Basin Program; Cuts Drill Times 40%
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Bill Barrett Corporation reports third quarter of 2015 results.
Key Points: DJ Basin: Operational efficiency increased by reducing the number of drilling days for XRL wells by 40% to an average of approximately 10 days per well. Spud 18 gross/ 16.9 net operated XRL wells during the third quarter of 2015. These improved efficiencies allow the remainder of 2015 drilling program to be accomplished with one-rig drilling program. Maintaining a sharp focus on cost discipline as recently contracted XRL drilling and completion costs of $5.6 million are approximately 32% lower compared to wells drilled in the fourth quarter of 2014. Unita Basin: Drilling and completion activity in the UOP for the remainder of the year includes 4 commitment wells as the Company has elected to focus the…- ✓ Full news archive — U.S., Canada & international coverage
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