Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | Second Quarter (2Q) Update
Bill Barrett Using Extended Laterals in DJ Basin Niobrara
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Bill Barrett Corp. has reported a second quarter 2014 update on its Northeast Wattenberg/DJ Basin operations.
Second quarter of 2014 net production averaged 7,126 barrels of oil equivalent per day, a 141% increase from the second quarter of 2013 and up 11% sequentially from the first quarter of 2014. Production was 58% oil, 27% natural gas and 15% NGLs.
The Company is currently operating three rigs in the Northeast Wattenberg area, all of which are actively drilling extended reach lateral wells. To date, the Company has drilled 16 extended reach lateral wells, an acceleration of its original schedule. The wells typically have approximate 9,000 foot laterals and 40 fracture stimulation stages (four with planned approximate 7,000 foot laterals and 32 stages.) The Company intends to focus…
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