XTO is next in line after no. 3 Petrohawk. However, with 152 currently producing wells, XTO only operates a fraction of wells compared with Seeco’s 1,157, Chesapeake’s 488 or Petrohawk’s 212. XTO occupies the eastern part of the play with a handful of wells further west.
Similar to the other blogs in our series we will look at acreage, permits, well performance and production as indicators of play success and activity. XTO is now added to our table. Please note that the acreage is from Q3 2009 whereas the other operator’s acreage is from Q4 2009 or later.
XTO has more net acres and has filed more permits in the last year than no. 3 Petrohawk. This may show that XTO is ramping up their activity in the play. Petrohawk seems to have better well performance with a 12% higher average prac IP (second month of production) and 15% higher average 6-month cum. Keep in mind this comparison is across the overall basin and while interesting it does not take into account varying rock qualities and what the potential is for production in one area vs. another area. Next we can compare type curves for the top 4 operators. Looking at type curves of the operators adds some color but does not take into account factors like operator learning curves and acreage grading.
This concludes our quick look at the runner ups in the Fayetteville behind no. 1 Seeco. Moving forward it will be interesting to take a look at how these operators start to compare when you account for varying rock qualities.
For more information visit the Fayetteville Unconventional Update in DI’s DNA.
Anne Leonard
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