American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 114

minute from its recycle center to a well
pad. He adds that Approach has drilled a
number of Santa Rosa wells, which produce all the brackish water it needs.
Wolfcamp Oil
Approach operates 700 wells in Crockett County, Tx., 170 of which are horizontal. However, Craft says everything
the company drills going forward will be
horizontal. Its initial foray into the play
focused on the wet-gas Canyon and the
Ellenburger zones.
"We shut down the Canyon, though,
when gas prices went into the gutter in
2009," he imparts. "We then turned to
the Wolfcamp A, B and C. We were the
first to commercialize all three."
Companywide, Craft says Approach's
production is about a third crude oil, a
third natural gas and a third NGLs. The
more recent Wolfcamp wells are making
70-80 percent oil during initial flowback.
"We have a good blended mix," he offers.
The southern portion is the shallowest
in the Midland Basin, according to Craft,
meaning the Crockett County Wolfcamp
wells are only 5,500-6,500 feet deep.
Approach curtailed its drilling program
in the middle of 2015 because of depressed
prices. "It didn't make sense to (incur)
debt to drill, so we are living within cash
flow," says Craft, who notes he has been
pleasantly surprised by the lack of decline
in the company's wells.
He says Approach averaged 12,800
boe/d in the first quarter of this year,
which declined but slightly to 12,600

boe/d in the second quarter.
Approach drilled four wells in the
first quarter in the Pangea West and Baker
areas. It fractured two wells in the second
quarter and planned to complete the other
three in the third quarter. One of the two
completed wells is in the Wolfcamp B
bench, while the other is in the Wolfcamp
C bench. The average IP rate was 861
boe/d (59 percent oil and 82 percent liquids) from an average completed lateral
length of 6,541 feet.
Craft says his company still is "playing
around" with stimulation, trying to determine the most effective amount of
proppant. He adds that Approach hasn't
changed its type curve in the last two
years, although he says the more recent
Wolfcamp wells are projected to exceed
the company type curves with EURs of
633,000 boe.
Yang says the two Wolfcamp completions averaged 180-190 feet per stage,
and the company increased its proppant
to 1,500-1,600 pounds per lateral foot.
TRAC Development
Devon Energy's development plan for
the Delaware Basin, known as "total
reservoir access concept (TRAC)," has
the potential to develop up to nine intervals
of stacked pay in a given area from "superpads."
President and CEO Dave Hager says
TRAC utilizes integrated surface facilities
and allows for simultaneous operations
while developing multiple targets. "This
progressive development concept will increase greatly the efficiency and economic

Approach Resources drilled
four wells in its Pangea West
and Baker areas in the first
quarter. In the second quarter,
it completed wells in the Wolfcamp B and C benches. Those
two wells had average initial
production rates of 861 barrels
of oil equivalent a day from average completed lateral lengths
of 6,541 feet.

114 THE AMERICAN OIL & GAS REPORTER

returns delivered from this top-tier asset,"
he states.
The majority of Devon's Delaware
Basin acreage is in southeastern New
Mexico, which Hager says consistently
has delivered the best results in the worldclass resource play. Devon has brought
more than 150 wells on line in the basin
since 2014, and 90-day rates have averaged
700 boe/d, which the company claims
exceeds the industry average by approximately 20 percent.
As part of its TRAC program, Hager
says Devon will attempt to extend standard-length 5,000-foot laterals to 10,000
feet. "About a third of our position in the
Delaware Basin will accommodate the
long laterals," he explained in the company's second quarter earnings call. "It
is a little bit tougher to put those together
as you move north in Lea and Eddy counties, but it is a little easier in the southern
portion where this TRAC concept will
be utilized in 2017.
"When you think about all the stacked
pays we have both in the Delaware Basin
and in our STACK asset in Oklahoma, it
is a more efficient way to develop our
surface facilities," he remarked. "It provides us a lot of flexibility as the business
environment changes."
Devon has 585,000 net risked acres in
the Delaware Basin, including 80,000
acres prospective to the Delaware Sand,
60,000 acres in the Leonard Shale, 285,000
acres in the Bone Spring and 140,000
acres prospective to the Wolfcamp.
Devon commenced production on eight
wells in the 2nd Bone Spring during the
second quarter. Of these, five attained
peak 30-day rates averaging 1,500 boe/d
(65 percent oil). Those five wells exceeded
the company's type curve expectations
by 50 percent.
Hager says Devon also brought on
line a Leonard Shale well in Lea County,
N.M. The North Thistle 2 State 1H, a
5,000-foot lateral targeting the Leonard
B intervals, reached a 30-day rate of
1,700 boe/d.
The company announced it resumed
drilling in the Delaware Basin in September with one rig and could add another
two rigs during the fourth quarter. Devon
also expects to run one frac crew in the
second half of 2016, Hager reports. He
says the company expects to invest $250
million in the Delaware Basin this year,
focusing on 2nd Bone Spring and Leonard
Shale targets.
Chief Operating Officer Tony Vaughn
adds that Devon had up to nine prospective
targets within the Delaware Sands, Bone
Spring, Leonard and Wolfcamp. "We still
are doing appraisal work to determine
how many wells per section in an indi-



Table of Contents for the Digital Edition of American Oil and Gas Reporter - PBIOS 2016 Official Program Guide

Table Of Contents
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - Cover1
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - Cover2
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 3
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - Table Of Contents
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 5
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 6
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 7
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 8
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 9
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 10
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 11
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 12
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 13
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 14
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 15
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 16
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 17
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 18
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 18A
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 18B
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 18C
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 18F
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 19
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 20
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 21
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 22
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 23
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 24
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 25
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 26
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 27
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 28
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 29
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 30
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 31
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 32
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 33
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 34
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 35
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 36
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 37
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 38
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 39
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 40
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 41
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 42
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 43
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 44
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 45
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 46
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 47
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 48
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 49
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 50
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 51
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 52
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 53
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 54
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 55
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 56
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 57
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 58
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 59
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 60
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 61
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 62
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 63
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 64
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 65
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 66
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 67
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 68
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 69
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 70
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 71
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 72
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 73
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 74
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 75
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 76
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 77
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 78
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 79
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 80
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 81
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 82
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 83
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 84
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 85
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 86
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 87
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 88
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 89
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 90
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 91
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 92
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 93
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 94
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 95
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 96
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 97
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 98
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 99
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 100
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 101
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 102
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 103
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 104
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 105
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 106
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 107
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 108
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 109
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 110
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 111
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 112
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 113
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 114
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 115
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 116
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 117
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 118
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 119
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 120
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 121
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 122
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 123
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 124
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 125
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 126
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 127
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 128
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 129
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 130
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 131
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 132
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 133
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 134
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 135
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 136
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 137
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - 138
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - Cover3
American Oil and Gas Reporter - PBIOS 2016 Official Program Guide - Cover4
http://www.nxtbook.com/nxtbooks/aogr/201910
http://www.nxtbook.com/nxtbooks/aogr/201909
http://www.nxtbook.com/nxtbooks/aogr/201908
http://www.nxtbook.com/nxtbooks/aogr/201907
http://www.nxtbook.com/nxtbooks/aogr/201906
http://www.nxtbook.com/nxtbooks/aogr/201905
http://www.nxtbook.com/nxtbooks/aogr/201904
http://www.nxtbook.com/nxtbooks/aogr/201903
http://www.nxtbook.com/nxtbooks/aogr/201902
http://www.nxtbook.com/nxtbooks/aogr/201901
http://www.nxtbook.com/nxtbooks/aogr/201812
http://www.nxtbook.com/nxtbooks/aogr/201811
http://www.nxtbook.com/nxtbooks/aogr/201810
http://www.nxtbook.com/nxtbooks/aogr/pbios_201810
http://www.nxtbook.com/nxtbooks/aogr/201809
http://www.nxtbook.com/nxtbooks/aogr/201808
http://www.nxtbook.com/nxtbooks/aogr/201807
http://www.nxtbook.com/nxtbooks/aogr/201806
http://www.nxtbook.com/nxtbooks/aogr/201805
http://www.nxtbook.com/nxtbooks/aogr/201804
http://www.nxtbook.com/nxtbooks/aogr/201803
http://www.nxtbook.com/nxtbooks/aogr/201802
http://www.nxtbook.com/nxtbooks/aogr/201801
http://www.nxtbook.com/nxtbooks/aogr/201712
http://www.nxtbook.com/nxtbooks/aogr/201711
http://www.nxtbook.com/nxtbooks/aogr/201710
http://www.nxtbook.com/nxtbooks/aogr/201709
http://www.nxtbook.com/nxtbooks/aogr/201708
http://www.nxtbook.com/nxtbooks/aogr/201707
http://www.nxtbook.com/nxtbooks/aogr/201706
http://www.nxtbook.com/nxtbooks/aogr/201705
http://www.nxtbook.com/nxtbooks/aogr/201704
http://www.nxtbook.com/nxtbooks/aogr/201703
http://www.nxtbook.com/nxtbooks/aogr/201702
http://www.nxtbook.com/nxtbooks/aogr/201701
http://www.nxtbook.com/nxtbooks/aogr/201612
http://www.nxtbook.com/nxtbooks/aogr/201611
http://www.nxtbook.com/nxtbooks/aogr/201610
http://www.nxtbook.com/nxtbooks/aogr/pbios2016_programguide
http://www.nxtbook.com/nxtbooks/aogr/201609
http://www.nxtbook.com/nxtbooks/aogr/201608
http://www.nxtbook.com/nxtbooks/aogr/201607
http://www.nxtbook.com/nxtbooks/aogr/201606
http://www.nxtbook.com/nxtbooks/aogr/201605
http://www.nxtbook.com/nxtbooks/aogr/201604
http://www.nxtbook.com/nxtbooks/aogr/201603
http://www.nxtbook.com/nxtbooks/aogr/201602
http://www.nxtbook.com/nxtbooks/aogr/201601
http://www.nxtbook.com/nxtbooks/aogr/201512
http://www.nxtbook.com/nxtbooks/aogr/201511
http://www.nxtbook.com/nxtbooks/aogr/201510
http://www.nxtbook.com/nxtbooks/aogr/201509
http://www.nxtbook.com/nxtbooks/aogr/201508
http://www.nxtbook.com/nxtbooks/aogr/201507
http://www.nxtbook.com/nxtbooks/aogr/201506
http://www.nxtbook.com/nxtbooks/aogr/201505
http://www.nxtbook.com/nxtbooks/aogr/201504
http://www.nxtbook.com/nxtbooks/aogr/201503
http://www.nxtbook.com/nxtbooks/aogr/201502
http://www.nxtbook.com/nxtbooks/aogr/201501
http://www.nxtbook.com/nxtbooks/aogr/201412
http://www.nxtbook.com/nxtbooks/aogr/201411
http://www.nxtbook.com/nxtbooks/aogr/201410
http://www.nxtbook.com/nxtbooks/aogr/201409
http://www.nxtbook.com/nxtbooks/aogr/pbios2014_programguide
http://www.nxtbook.com/nxtbooks/aogr/201408
http://www.nxtbook.com/nxtbooks/aogr/201407
http://www.nxtbook.com/nxtbooks/aogr/201406
http://www.nxtbook.com/nxtbooks/aogr/201405
http://www.nxtbook.com/nxtbooks/aogr/201404
http://www.nxtbook.com/nxtbooks/aogr/201403
http://www.nxtbook.com/nxtbooks/aogr/201402
http://www.nxtbook.com/nxtbooks/aogr/201401
http://www.nxtbook.com/nxtbooks/aogr/201312
http://www.nxtbook.com/nxtbooks/aogr/201311
http://www.nxtbook.com/nxtbooks/aogr/201310
http://www.nxtbook.com/nxtbooks/aogr/201309
http://www.nxtbook.com/nxtbooks/aogr/201308
http://www.nxtbook.com/nxtbooks/aogr/201307
http://www.nxtbook.com/nxtbooks/aogr/201306
http://www.nxtbook.com/nxtbooks/aogr/201305
http://www.nxtbook.com/nxtbooks/aogr/201304
http://www.nxtbook.com/nxtbooks/aogr/201303
http://www.nxtbook.com/nxtbooks/aogr/201302
http://www.nxtbook.com/nxtbooks/aogr/201301
http://www.nxtbook.com/nxtbooks/aogr/201212
http://www.nxtbook.com/nxtbooks/aogr/201211
http://www.nxtbook.com/nxtbooks/aogr/201210
http://www.nxtbook.com/nxtbooks/aogr/201209
http://www.nxtbook.com/nxtbooks/aogr/2012_pbios
http://www.nxtbook.com/nxtbooks/aogr/201208
http://www.nxtbook.com/nxtbooks/aogr/201207
http://www.nxtbook.com/nxtbooks/aogr/201206
http://www.nxtbook.com/nxtbooks/aogr/201205
http://www.nxtbook.com/nxtbooks/aogr/201204
http://www.nxtbook.com/nxtbooks/aogr/201203
http://www.nxtbook.com/nxtbooks/aogr/201202
http://www.nxtbook.com/nxtbooks/aogr/201201
http://www.nxtbook.com/nxtbooks/demo/aogr_clone
http://www.nxtbook.com/nxtbooks/aogr/201112
http://www.nxtbookMEDIA.com