NGP Portfolio Company Tecolote Claims Anadarko Basin Records with Longest Lateral, Highest Output
by: NGI’s Shale Daily
October 10, 2017 — NGP portfolio company Tecolote Energy LLC on Monday said it achieved two milestones with one well drilled into the Anadarko Basin in the Texas Panhandle, with the longest horizontal lateral ever and the highest production rate recorded.
To date, the Tulsa-based private has drilled two extended laterals in the Texas Panhandle, with more planned, said CEO Maurice Storm.
“We are preparing to complete four additional extended laterals, two of which are in excess of 10,000 feet and two that are in excess of 7,500 feet,” Storm said. “We expect to see similar results with high flow rates of oil and liquids-rich gas…”
The record well is Hemphill County, TX, the operated Mathers State 172-156 CL EX 1H, an extended lateral that completed in the Cleveland formation. It achieved the highest ever initial production (IP) rate with 2,439 boe/d over 30 days. The well is 84% weighted to oil and natural gas liquids (NGL).
The well, drilled to a total depth of 21,529 feet with 12,592 feet of horizontal displacement, also is the longest horizontal lateral drilled to date in the western Anadarko Basin, management said.
The second well, the Mathers 1518-165 MD EX 1H extended lateral, was completed in the Granite Wash Marmaton D formation.
The 30-day IP rate was 1,934 boe/d, 58% weighted to oil and NGLs. The well was completed in 7,257 feet of pay and reached a 24-hour IP rate of 2,320 boe/d.
Tecolote holds 210,000 acres in the western part of the basin, all held by production. Its transactions have included a purchase from Devon Energy Corp., which last year transferred 101 wells to Tecolote in Oklahoma’s Roger Mills, Custer and Beckham counties. The company was formed in 2015 with equity from the management team and NGP Energy Capital, which has funded dozens of onshore operators.