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Providing coverage of Alaska and northern Canada's oil and gas industry
August 2013
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Vol. 18, No. 32 Week of August 11, 2013

Pioneer quarterly production grows

Pioneer Natural Resources Inc. produced 4,209 net barrels of oil per day from its Oooguruk unit in the second quarter, down year-over-year but up quarter-over-quarter.

The Texas-based independent brought two wells online near the end of the quarter at a combined rate of 1,500 bpd. The wells helped the company surpass first quarter production of 3,707 bpd, but fell short of 4,875 bpd from the second quarter of 2012.

Companywide, Pioneer produced 176,211 bpd during the quarter.

Pioneer drilled four development wells at Oooguruk earlier this year — three into the Nuiqsut formation and one into the shallower Torok formation. The two wells the company brought into regular production in the second quarter targeted the Nuiqsut, as did a third well that produced at 3,000 bpd for 40 days during the quarter but is currently shut in for cleaning. Pioneer is addressing mechanical issues in the Torok well.

The goal of the four-well program was to expand its use of mechanically diverted fracturing completion technologies at the offshore North Slope field in Harrison Bay.

While Pioneer management previously said it intended to spend the summer evaluating how to proceed on a Torok development, it has announced no firm decisions yet.

—Eric Lidji




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Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and website may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law.