Barnett Shale Production
Production averaged 254,000 boe/d (211,000 boe/d after royalties) for the second quarter. The shut down of the Forties pipeline by a two-day labour strike at the Grangemouth refinery in Scotland caused us to temporarily shut in our North Sea production. Production during the second quarter of 2008 is estimated to be 6.10 Bcfe (67 MMcfe/d), or 45 percent above the 4.2 Bcfe (46.2 MMcfe/d) of production in the second quarter 2007. This is about 6 MMcfe/d, or 8%, below Carrizo’s second quarter production guidance and is primarily attributable to gathering line easement delays associated with bringing five new Barnett Shale wells on line (total estimated impact 11 MMcfe/d initial net rate) and with bringing Carrizo’s two Gulf Coast area LL&E development wells on line in Lafourche Parrish, Louisiana (total estimated impact 3.5 MMcfe/d initial net rate). Production in the polymer pilot wells during the fourth quarter increased by 50% when compared to production on those well before the polymer flood began.
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Tags: amp, Barnett Shale, bcfe, boe, carrizo, development wells, easement, flood, forties, fourth quarter, guidance, gulf coast area, labour, new barnett, north sea production, pilot, pipeline, polymer, productivity, refinery, royalties, royalty, s, scotland, second quarter, shale, shales
