Thirty-one comingled vertical wells were also placed on production through the Mississippian interval during the third quarter, with an average initial 24-hour IP rate of 118 BOEPD. Data from Mississippian wells drilled to date continues to support an incremental gross EUR per well of 15 MBOE to 40 MBOE from this interval. Pioneer continues to believe the Mississippian interval is prospective in 20% of its Spraberry acreage.Third quarter production from the Spraberry field averaged 69 MBOEPD, an increase of 5 MBOEPD from the second quarter of 2012. Production benefited by approximately 1,800 barrels per day (BPD) from the partial drawdown of NGL inventory at Mont Belvieu that was built during the second quarter as a result of third-party NGL fractionation capacity constraints. However, this benefit was offset by a production loss of approximately 4,000 BOEPD due to continuing NGL fractionation constraints during the third quarter. The fractionation capacity constraints were resolved in early October.
Pioneer Natural Resources Reports Third Quarter 2012 Financial And Operating Results
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