Of the 17 wells placed on production, two wells are located in northern Upton county in the Giddings Estate area, and 15 wells are located further south in Upton and Reagan counties in the University Lands area.Pioneer’s first two successful horizontal Wolfcamp Shale wells were drilled in northern Upton County in the Upper B interval in the Giddings Estate area. The first well had its one-year anniversary from first production in mid-October and has produced 135 thousand barrels oil equivalent (MBOE) to date. The second well has been on production for ten months and has delivered cumulative production of 105 MBOE. For perspective, a typical vertical well drilled to the Wolfcamp interval generally takes 40 years to 50 years to produce 140 MBOE.
Pioneer Natural Resources Reports Third Quarter 2012 Financial And Operating Results
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