Exploration & Production | Quarterly / Earnings Reports
Cabot Commences Eagle Ford Pad Operations; Long Laterals
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Eagle Ford Shale
During the third quarter, Cabot's Eagle Ford program experienced strong sequential growth with liquids production volumes increasing by approximately 28 percent over the second quarter. This was on the strength of new wells from Cabot's operated and non-operated positions. The Company's first four-well pad in the Eagle Ford was drilled during the third quarter in 58 days (spud to rig release) with a combined measured depth of approximately 58,000'.
Completion is scheduled to begin at the end of October with lateral lengths ranging from 5,200' to 8,000'. The Company is currently drilling a six-well pad with a planned average lateral length of 9,000' per well. Estimated cost savings from the use of a walking rig in the Company's multi-well pad drilling operations is…
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