Exploration & Production
Permian Basin Operator To Begin Cline Shale Development
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Energen provided the following guidance on the Midland Basin drilling plans for 2014.
"As we look at our 2014 exploratory drilling program in the Midland Basin. It consists of 17 gross (16 net) Wolfcamp wells and 2 gross (2 net) Cline wells. The first three wells in the 2014 exploratory program currently are awaiting completion or drilled and include our first test well in Martin County and our first Cline well."
We have updated our potential Wolfcamp and Cline locations in the Midland Basin to reflect varying drilled lateral lengths on 660-foot spacing. Our unrisked map locations now total 2,475, 1,650 represent Wolfcamp wells and 825 are Cline wells.
The drill-and-complete cost of the two, planned Clinewells with 7,200-foot drilled lateral lengths is estimated to average $9 million.Our…
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