Energy Analytics Intelligence

Coterra’s big Permian projects defy degradation worries

byErin Faulkner

Completion data recently released by Texas regulators spotlights the strong productivity of Coterra Energy’s large-scale Permian projects. The data includes two wells completed early this year on the company’s 14-well Prewit-Justify/Authentic project in Culberson County. The Authentic 13 C State 3H was fractured with 1,804 lb/ft of proppant and 35 bbl/ft of fluid across a 16,272-foot lateral and produced 4,084 boe/d (66% oil) during a 24-hour test, or 251 boe/d per 1,000 feet. The Authentic 13 D State 4H’s 15,850-foot lateral, stimulated with 3,099 lb/ft of proppant and 57 bbl/ft of fluid, flowed an IP24 of 3,679 boe/d (64% oil), or 232 boe/d per 1,000 feet. Both wells were tested on 1-inch chokes, and their FTPs averaged 560 psi.

The Prewit-Justify/Authentic project, which Coterra began completing in 2H22 and planned to finish in Q1, targets the Wolfcamp at spacing of eight wells per section with laterals stretching over three miles. Test results have been released for 11 of the 14 wells, and six have at least three months of data. Those six wells averaged cumulative initial 90-day volumes of 228,559 boe, equivalent to 163 boe/d per 1,000 feet based on laterals averaging 15,574 feet.

For comparison, Coterra’s average 2020 Wolfcamp completion in Culberson County had a much shorter lateral of about 10,100 feet and delivered 90-day volumes just over 152,200 boe. (Enverus Foundations users, click here to interact with the workbook.)

Coterra says its large-scale Permian projects like Prewit-Justify/Authentic are driving efficiencies, with the concentrated geographical focus reducing mobilization time for drilling and completion services and allowing the company to utilize facilities and infrastructure across more wells. And unlike many of its peers, the company says it did not experience degradation in its productivity last year.

“We do not see a change in our Delaware productivity,” Coterra CEO Thomas Jorden said on a Feb. 23 earnings call. “One of the big differences … is in 2022 we just drilled a couple of absolutely lights-out outstanding projects, and I’m talking about projects with more than 10 wells that averaged thousands of barrels a day.”

Also in Culberson County, Coterra last year tested co-development of the Upper Wolfcamp with the overlying Harkey Shale on a full section. The project had four Harkey wells on 1,320-foot spacing and eight Upper Wolfcamp wells on 700-foot spacing. The company was pleased with the results and anticipates that future Wolfcamp/Harkey co-developments with 10,100-foot laterals will pay out in six months at $75/bbl and $3.50/Mcf pricing.

Asked about well-to-well interference between the two zones, Jorden did not see it as an issue. “When it comes to the Wolfcamp and Harkey, we generally see that as one petroleum system,” he said. “And there will be some degree of pressure communication between the Wolfcamp and Harkey depending on where you are in the basin. But we do not see that as a factor that degrades overall well productivity.”

Among Coterra’s notable Permian projects for this year is Prewit Barbaro, which will include nine Wolfcamp and four Harkey wells expected to come online in Q4.

About Enverus Intelligence Publications
Enverus Intelligence Publications presents the news as it happens with impactful, concise articles, cutting through the clutter to deliver timely perspectives and insights on various topics from writers who provide deep context to the energy sector.

Erin Faulkner

Erin Faulkner

Erin Faulkner is a senior editor at Enverus and has been covering the U.S. upstream industry for more than 10 years. She is a graduate of Creighton University.

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content

Energy Transition
ByCarson Kearl

In a world where energy value can make up a small portion of the revenue stream from emerging business models, what else is at play? Enverus Intelligence Research® views effective energy transition business as taking advantage of two key additive...

Intelligence Oilfield Services
ByErin Faulkner

Permitting information for oil and gas wells is one of the most readily available and least lagged pieces of data on industry activity, but it is often seen as a poor indicator of future drilling activity.

Enverus Press Release - Exploring falling rigs and rising production
Energy Analytics Minerals

While horizontal drilling and hydraulic fracturing significantly enhance well productivity, they have had the opposite effect on the land department.

ByJoseph Gyure, Editor, Enverus Intelligence

All seven regions covered by the Enverus Day Rate Survey saw rates rise sequentially for the second time in three months in January as confidence started to strengthen among U.S. land drilling contractors.

Energy Transition Intelligence
ByJoseph Gyure, Editor, Enverus Intelligence

Ørsted took a blade to its project pipeline, reducing its ambition to 35-38 GW of installed capacity by 2030 from the previous 50 GW.

ByJoseph Gyure, Editor, Enverus Intelligence

SLB has reaffirmed its 2024 financial guidance, part of an effort by international oilfield services companies to reassure investors after the Saudi Ministry of Energy called off plans to increase its maximum sustainable capacity by 1 MMbo/d to 13 MMbo/d...

Analyst Takes Energy Transition

Despite the relatively scant incentives for buying an EV in the U.S. compared to other countries, the U.S. Environmental Protection Agency (EPA) presented its plan in 2023 to tighten tailpipe emissions regulations.

Enverus Blog - Increase visibility and efficiency with OpenTicket Mobile digital field ticketing software
Trading and Risk

Amid significant volatility in global energy markets, U.S. President Joe Biden’s decision to temporarily halt approvals for pending liquefied natural gas (LNG) projects seems to defy conventional trading wisdom. This audacious move has given rise to a variety of viewpoints...

Enverus Blog
Intelligence Trading and Risk

In the ever-changing energy landscape, understanding market fluctuations, weather conditions and system resilience is paramount when factoring ideas for trading opportunities.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Register Today

Get Energy Transition Research updates straight to your inbox by filling out the form below.

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert