American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 114

minute from its recycle center to a well
pad. He adds that Approach has drilled a
number of Santa Rosa wells, which produce all the brackish water it needs.
Wolfcamp Oil
Approach operates 700 wells in Crockett County, Tx., 170 of which are horizontal. However, Craft says everything
the company drills going forward will be
horizontal. Its initial foray into the play
focused on the wet-gas Canyon and the
Ellenburger zones.
"We shut down the Canyon, though,
when gas prices went into the gutter in
2009," he imparts. "We then turned to
the Wolfcamp A, B and C. We were the
first to commercialize all three."
Companywide, Craft says Approach's
production is about a third crude oil, a
third natural gas and a third NGLs. The
more recent Wolfcamp wells are making
70-80 percent oil during initial flowback.
"We have a good blended mix," he offers.
The southern portion is the shallowest
in the Midland Basin, according to Craft,
meaning the Crockett County Wolfcamp
wells are only 5,500-6,500 feet deep.
Approach curtailed its drilling program
in the middle of 2015 because of depressed
prices. "It didn't make sense to (incur)
debt to drill, so we are living within cash
flow," says Craft, who notes he has been
pleasantly surprised by the lack of decline
in the company's wells.
He says Approach averaged 12,800
boe/d in the first quarter of this year,
which declined but slightly to 12,600

boe/d in the second quarter.
Approach drilled four wells in the
first quarter in the Pangea West and Baker
areas. It fractured two wells in the second
quarter and planned to complete the other
three in the third quarter. One of the two
completed wells is in the Wolfcamp B
bench, while the other is in the Wolfcamp
C bench. The average IP rate was 861
boe/d (59 percent oil and 82 percent liquids) from an average completed lateral
length of 6,541 feet.
Craft says his company still is "playing
around" with stimulation, trying to determine the most effective amount of
proppant. He adds that Approach hasn't
changed its type curve in the last two
years, although he says the more recent
Wolfcamp wells are projected to exceed
the company type curves with EURs of
633,000 boe.
Yang says the two Wolfcamp completions averaged 180-190 feet per stage,
and the company increased its proppant
to 1,500-1,600 pounds per lateral foot.
TRAC Development
Devon Energy's development plan for
the Delaware Basin, known as "total
reservoir access concept (TRAC)," has
the potential to develop up to nine intervals
of stacked pay in a given area from "superpads."
President and CEO Dave Hager says
TRAC utilizes integrated surface facilities
and allows for simultaneous operations
while developing multiple targets. "This
progressive development concept will increase greatly the efficiency and economic

Approach Resources drilled
four wells in its Pangea West
and Baker areas in the first
quarter. In the second quarter,
it completed wells in the Wolfcamp B and C benches. Those
two wells had average initial
production rates of 861 barrels
of oil equivalent a day from average completed lateral lengths
of 6,541 feet.

114 THE AMERICAN OIL & GAS REPORTER

returns delivered from this top-tier asset,"
he states.
The majority of Devon's Delaware
Basin acreage is in southeastern New
Mexico, which Hager says consistently
has delivered the best results in the worldclass resource play. Devon has brought
more than 150 wells on line in the basin
since 2014, and 90-day rates have averaged
700 boe/d, which the company claims
exceeds the industry average by approximately 20 percent.
As part of its TRAC program, Hager
says Devon will attempt to extend standard-length 5,000-foot laterals to 10,000
feet. "About a third of our position in the
Delaware Basin will accommodate the
long laterals," he explained in the company's second quarter earnings call. "It
is a little bit tougher to put those together
as you move north in Lea and Eddy counties, but it is a little easier in the southern
portion where this TRAC concept will
be utilized in 2017.
"When you think about all the stacked
pays we have both in the Delaware Basin
and in our STACK asset in Oklahoma, it
is a more efficient way to develop our
surface facilities," he remarked. "It provides us a lot of flexibility as the business
environment changes."
Devon has 585,000 net risked acres in
the Delaware Basin, including 80,000
acres prospective to the Delaware Sand,
60,000 acres in the Leonard Shale, 285,000
acres in the Bone Spring and 140,000
acres prospective to the Wolfcamp.
Devon commenced production on eight
wells in the 2nd Bone Spring during the
second quarter. Of these, five attained
peak 30-day rates averaging 1,500 boe/d
(65 percent oil). Those five wells exceeded
the company's type curve expectations
by 50 percent.
Hager says Devon also brought on
line a Leonard Shale well in Lea County,
N.M. The North Thistle 2 State 1H, a
5,000-foot lateral targeting the Leonard
B intervals, reached a 30-day rate of
1,700 boe/d.
The company announced it resumed
drilling in the Delaware Basin in September with one rig and could add another
two rigs during the fourth quarter. Devon
also expects to run one frac crew in the
second half of 2016, Hager reports. He
says the company expects to invest $250
million in the Delaware Basin this year,
focusing on 2nd Bone Spring and Leonard
Shale targets.
Chief Operating Officer Tony Vaughn
adds that Devon had up to nine prospective
targets within the Delaware Sands, Bone
Spring, Leonard and Wolfcamp. "We still
are doing appraisal work to determine
how many wells per section in an indi-



American Oil and Gas Reporter - PBIOS 2016 Official Program Guide

Table of Contents for the Digital Edition of American Oil and Gas Reporter - PBIOS 2016 Official Program Guide

Table Of Contents
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - Cover1
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American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - Table Of Contents
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