Here are some leftover items from recent first quarter and 2012 earnings calls with analysts:
1. From Anadarko Petroleum Corp on Feb. 5:
The drilling cycle has been reduced to 9.2 days in the Eagle Ford shale in Texas.
The company said it expects its natural gas production in the Marcellus shale of Pennsylvania to generally remain flat. The company plans to keep four rigs working in the Marcellus.
The company has “just incredible wells” in Lycoming, Bradford and Sullivan counties in Pennsylvania, said senior vice president Robert Daniels.
The area, he said, “still has a good investment thesis for Anadarko.”
The company has reduced costs by $2 million per well from a few years ago, he said.
He added, “That, in combination with the gas flow rates we are seeing, say 10 million a day depending upon where you are in the sweet spot, good EURs and outstanding capital efficiency, we are just getting good returns. I think you will see the Marcellus continue to grow. There is a bunch of infrastructure projects for evacuation there. So all that combined makes it a really good opportunity for us.”
CEO Al Walker added, “We’re in just a really good spot.”
New infrastructure is in place and new wells are being completed, so that’s why Marcellus production jumped, he said.
On rigs in the Marcellus, Walker said: “We’re not taking it down and not taking it up, but I don’t think you should expect that industry-wide in this price environment is going to do a lot with dry gases, but the one dry gas basin, it does have economics of Marcellus.”
The company said it expects to have more information on the Utica shale “as the year progresses.”
The company said it is still awaiting drilling results from its Utica wells, most of which came online in late 2012.
The company had seven initial wells in Ohio.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.