Recoveries

Anadarko Petroleum Corp. is doing “a lot” of experimentation in the U.S. onshore to determine how best to drill unconventional wells to ensure optimized estimated ultimate recoveries (EUR). What the management knows for sure is that the bigger the hydraulic fractures (fracks) the more a well can recover, said CEO Al Walker.

Anadarko Petroleum Corp. is doing “a lot” of experimentation in the U.S. onshore to determine how best to drill unconventional wells to ensure optimized estimated ultimate recoveries (EUR). What the management knows for sure is that the bigger the hydraulic fractures (fracks) the more a well can recover, said CEO Al Walker.

Utica Shale operators are discovering that with some patience and seasoning, estimated ultimate recoveries (EUR) for liquids reserves appear to move higher.

Utica Shale operators are discovering that with some patience and seasoning, estimated ultimate recoveries (EUR) for liquids reserves appear to move higher.

Devon Energy Corp. said increased production and higher prices for natural gas liquids (NGLs) helped the company earn $1 billion during 3Q2011 as it continues to look for a joint venture (JV) partner to help develop five of its emerging assets.

Encana Corp., one of the biggest natural gas producers in North America, is taking a walk on the oily side in 2012, redirecting a substantial portion of its 2012 budget to more profitable liquids-rich plays, CEO Randy Eresman said on Thursday.

Except for continued major recoveries by Rockies points from the sub-dollar depths to which they had sunk Monday, there was little price movement in the cash market Wednesday. Rockies gains ranged from about 70 cents to more than $1.50, with only Kern River not realizing an increase of a dollar or more. Elsewhere flat numbers were common and very few points moved either up or down by more than a dime.