Pioneer Natural Resources (PXD) held a conference call on July 30, 2010 to discuss the company’s earnings for the second quarter of 2010. The company commented on its operations in the Barnett Shale combo play, where Pioneer Natural Resources has been aggressively building leasehold.
“We are relatively new entrant into the play (Barnett Shale combo), but I think an aggressive one, and we have taken pretty aggressive steps with our 43,000 net acre position in north Texas specifically in Northern Wise and southern Montague counties. And we have today by virtue of that acreage put in place a position where we can drill some 400 wells in this play.
“We are planning to drill about eight wells the remaining part of this year and internally we are using a gross EUR of about 320,000 BOE…well cost are in the neighborhood of $2.8 million in terms of what we expect for the upcoming drilling campaign.”
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Posted by: Johnserenity | 12/15/2010 at 03:31 AM