Enverus Permian Scout, December 18, 2019
EOG adds strong Wolfcamp producers in northern Delaware
Recently, EOG Resources completed six Wolfcamp wells on the Dauntless 7 Federal lease in southwest Lea County, New Mexico.
The wells averaged 9,961-ft effective laterals and were fracked with 26 MMlb of proppant. Initial 24-hour rates averaged 4,973 boe/d (71% oil), or 499 boe/d per 1,000 lateral ft. The top-performing well was the Dauntless 7 Federal #726H, which was completed with a 10,014-ft effective lateral using 26.3 MMlb of proppant. On test, the well delivered 5,507 boe/d (70% oil) on a 1-inch choke at 2,759 psi FCP.
The success of these wells is indicative of the company’s results in the county. In the last year, EOG has improved its capital efficiency in the Upper Wolfcamp. As of the end of Q3, completed lateral footage per day has increased 15% compared to 2018 at 1,110 ft. Drilling times are down 25% over the same period at 13.4 days, and sand costs had fallen 37% to $518,000 per well. At the same time, productivity has improved, with cumulative initial 90-day oil rates up 15%.
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