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A fire at a compressor station has forced Pioneer Natural Resources Co. to shut in production from the West Panhandle field in West Texas.
The fire on March 6 extensively damaged the compressor in the West Texas play. No injuries were reported, and the fire was contained within the station.
However, production from the field, which averages about 8,000 boe/d, was shut-in. Output is weighted to natural gas liquids (55%), with 25% natural gas and 20% oil.
“The company expects that several idle compressors can be utilized to reinitiate production from the field in late March or early April at approximately 80-90% of prior levels,” the company said.
The production interruption should negatively impact 1Q2018 production by about 2,000 boe/d, according to Pioneer.
“Despite this impact, the company continues to expect total production in the first quarter of 2018 to be within its previously announced guidance range of 304,000-314,000 boe/d.”
The West Panhandle field is one of the assets that Pioneer plans to market as it becomes a Permian Basin pure-play, CEO Tim Dove said last month during the fourth quarter conference call.
Pioneer’s first quarter output from the Permian remains on track to average 252,000-260,000 boe/d.