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Clayton Williams is set to spend $173.9MM of its $274.4MM 2010 CAPEX budget on their Andrews County Wolfberry program. They drilled and completed 13 gross wells in the trend in 2009. The ramp up will include up to six rigs operating and about 104 wells drilled and completed. They spent $1.8MM per well in 2009.
Below we look at their current producing leases and their 2010 permit activty to get a feel for where they are in their Wolfberry program.
Using the HPDI Production Tools we can see the program ramp-up take form in the latter half of 2009 with a 5 fold increase in monthly production from 5,713 BO to 29,486 BO at year end.
Take a look around the Drillinginfo Wolfberry Unconventional Update to see more.
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Justin Birmingham
Justin Birmingham is a Research Analyst at Drillinginfo. He creates proprietary research studies, works with statistical models and manages datasets for the DI Analytics team. Justin earned his Bachelor of Science from Texas State University – San Marcos.
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