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Eagle Ford Operator to Reduce Rig Count from Six to Four in 2015
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Clayton Williams Energy, Inc. provided an operations update on its Eagle Ford and Delaware Basin activities and also provided an update to production guidance for the remainder of 2014 and new production guidance for 2015.
Eagle Ford OperationsThe Company continues to achieve solid results from its Eagle Ford Shale play situated on its legacy Austin Chalk acreage block in Burleson, Robertson and Lee Counties, Texas. Currently, the Company has 22 horizontal Eagle Ford wells in this area that have been on production for 30 or more days. The peak 30-day production rate for these wells has averaged 518 BOE per day (96% oil). Six additional wells have been on production for less than 30 days or are currently in various stages of completion, and three wells are currently being drilled…
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