Tuesday, July 2, 2013
Pioneer drills down on its Eagle Ford, Permian acreage
Pioneer Natural Resources is getting 37,000 barrels of oil equivalent per day in the Eagle Ford Shale, an increase of about 12 percent from the fourth quarter of last year.
In its first quarter call with analysts recently, Timothy Dove, president and chief operating officer, said the company plans to drill 130 Eagle Ford wells this year, mostly in liquids-rich areas.
“We’re minimizing any sort of dry gas drilling, as we speak. The economics on the oil and condensate drillings is so much better than natural gas drilling even with an increase in natural gas prices,” Dove said.
But it isn’t necessarily looking at selling off its dry-gas acreage. “We’re kind of in the process of seeing where natural gas prices are going to go. Right now, we do have a substantial amount of our acreage held by production,” Dove said. So that’s something that we can assess through time.”
The company is also trimming costs. It is moving into pad drilling, placing multiple wells per site, which saves about $600,000 to $700,000 per well. And because it’s not driving equipment all over the region – (which companies must do at first so that they drill their various acres quickly enough to “hold” their mineral leases) – it’s able to drill with 10 rigs this year instead of 12 like it did last year.
Pioneer is also using more white sand for its fracturing operations than ceramic proppants, which saves $700,000 on its hydraulic fracturing costs.
It’s completed most of its Eagle Ford central gas processing facilities, but will add one more next year. “So in summary, Eagle Ford is hitting on all cylinders, and we expect this level of performance to continue into the future,” Dove said.
(Pioneer and its subsidiaries had about 430 employees in Bee, DeWitt and Victoria counties as of January).
But the Irving-based Pioneer really, really likes its Permian Basin acreage.
It says the Spraberry/Wolfcamp formations in West Texas are the country’s biggest oil field, with an estimated 50 billion barrels.
By comparision, the Eagle Ford has an estimated 26 billion barrels, the Bakken Shale has 12 billion to 13 billion barrels, according to various sources compiled by Pioneer.
During the call with analysts, company executives said production from the Permian will grow to 2.5 million barrels of oil equivalent per day, and that Pioneer ultimately will have about 750,000 barrels of oil equivalent per day. (And it is getting a 70 to 75 percent cut of crude oil, with the remainder natural gas and natural gas liquids).
Pioneer has a vertical drilling program in the Spraberry and a horizontal drilling program in the Wolfcamp. It’s in a recently-announced joint venture in the Wolfcamp with the Beijing-based Sinochem, which purchased a 40 percent stake.
You can read the full transcript of Pioneer’s call with analysts here on Seeking Alpha, which has free registration.
- Jennifer Hiller
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Journeyman Cabinet Laminator (Los Angeles)
Established General Contractor located in Orange, CA is seeking a dynamic individual with at least 5 years' experience in Cabinet Laminating.
We specialize in commercial and multi-residential tenant improvements on a production-type basis. Most of our jobs cover the Southern California area. The Company has an immediate need for a Journeyman Cabinet Laminator for the project at Los Angeles, CA. This position is full-time and is open for a long term job.
Candidate must have a can do attitude and is willing to work on a team environment. Furthermore, Candidate will perform a variety of tasks as often as necessary.
Applicants must reply to this ad with current resume and references. Or fax to (714) 538-6900. Only qualified applicants will be considered. Pay scale commensurate with experience.
Posting ID: 3629767515
Litigation Software Manager (Century City)
The ideal candidate will have eDiscovery, litigation project, and case management experience, be familiar with SQL database programming, and have the ability to train end-users on software.
The following list represents the types of software applicants should be familiar with: LawBase, Relativity, Clearwell, ViewPoint, Concordance, Sanction, Trial Director, CaseMap, IPRO Law, Ringtail, EnCase & Attenex, LiveNote, World Docs, Hummingbird, iConnect, and PC LAW.
If qualified, please send resume, cover letter as well as compensation history and requirement. Subject line should read "Litigation Software Manager."
Posting ID: 3629815066
Rig Service Hand / Field Service Technician - Warrior - Oklahoma City, OK
Provide excellent customer service, maintenance and repair of Warrior top drive systems and drilling equipment.
Responsibilities
Include, but are not limited to, the following:
Maintaining, troubleshooting, repairing, and inspecting Warrior top drives and related drilling equipment Assisting or supervising the installation and rig-up/rig-down of Warrior equipment Providing technical support to drilling operations and other top drive personnel Training rig personnel on safe and proper operation and preventative maintenance of Warrior equipment Performing field evaluations for suitability of product application and fitment Traveling to the field as required to perform assigned duties Maintaining company-issued tools Reporting daily to management Working a 14/7 day rotational schedule Basic Qualifications
High school diploma or equivalent Mechanical, hydraulics or electrical certificate considered an asset Top drive rig-up/rig-down experience considered an asset Rig experience or background considered a huge asset Able to work at heights Valid driver's license with a clean driving record Willing to travel extensively Valuable Assets
Excellent verbal and written communication skills Strong organizational skills Strong mechanical / hydraulics / electrical aptitude 2+ years experience with top drive maintenance Ability to travel internationally Employee Benefits
We offer our employees an attractive compensation package that includes a competitive salary, group health benefits, an employer-matched retirement plan, as well as a commitment to career development.
Please submit your resume to hr-us@warriorrig.com
If you are a highly motivated, enthusiastic team player seeking a rewarding challenge and meet the above criteria we would like to hear from you.
Thank you to all candidates for your interest. Only selected individuals will be contacted for follow-up.
» Apply Now
Indeed will send your application to hr-us@warriorrig.com.
Please review all application instructions before applying.
Transaction Coordinator (Walnut)
A Loss Mitigation expert that currently and/or previously has worked in a real estate negotiation department at a lender is a plus.
If you do not meet the above criteria please do not respond. Please email a resume and contact information as we are interviewing now.
Requirements: Self Motivated, must have a valid California Real Estate License, must have short sale negotiating and Equator experience.
Posting ID: 3629805144
Electrical/Mech Rig Up Technician - Warren Equipment Company - Midland, TX
Learn fabrication and rig up by performing the following duties.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
• Basic wiring knowledge for Batteries, alternators and lights.
• Basic electrical knowledge of components and controls.
• Willing to learn and follow written and verbal instructions.
• Works under close supervision to assist in the fabrication process.
• Basic fundamentals tubing and screw piping.
• Must be able to make suggestions on basic problem solving.
• Acquires supervisor’s approval for actions.
• Learn package assembly for oilfield type equipment
• Has the ability to learn engine alignment with driven equipment.
• Has the ability to learn blueprints and perform basic skid layout functions for assembly
• Has the ability to learn sheaves and bushings with proper belt sizes.
• Operates all assembly tooling independently with little supervision
• Operate forklifts
• Must have electrical and mechanical tooling
SUPERVISORY RESPONSIBILITIES
This job has no supervisory responsibilities.
QUALIFICATIONS to perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE
High school diploma or general education degree (GED); or one to two years engine experience and/or training; or equivalent combination of education and experience.
LANGUAGE SKILLS
Ability to read and comprehend simple instructions, short correspondence, and memos in English. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
MATHEMATICAL SKILLS
Ability to add, subtracts, multiply, and divides in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
REASONING ABILITY
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
CERTIFICATES, LICENSES, REGISTRATIONS
Valid drivers' license and good driving record.
PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel and reach with hands and arms. The employee frequently is required to stand; walk; climb or balance; stoop, kneel, crouch, or crawl; and talk or hear. The employee is occasionally required to sit. The employee must frequently lift and/or move up to 75 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.
WORK ENVIRONMENT The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly exposed to outside weather conditions. The employee is occasionally exposed to high, precarious places and fumes or airborne particles. The noise level in the work environment is usually moderate.
Warren Equipment Company - 19 hours ago - save job - block
CHHA - Certified Home Health Aides Needed for Home Health Visits (San Gabriel Valley)
All applicants must have a current CHHA certificate. Please do not email your resume if you don't have a CHHA certificate since we cannot employ CNAs who don't have this additional certificate.
Please email your resume if you are interested.
Home Health Care, Healthcare, Home Health Aid, Caregiver, CNA, Pasadena, San Gabriel, Arcadia, El Monte, Azusa, Baldwin Park, West Covina, Walnut, Glendora
Posting ID: 3629731724
Bore Rig/Cable Plow Operators - Telecommunications Industry - Holtger Bros., Inc - Green Bay, WI
The Equipment Operator is responsible for performing Utility Work/Labor duties as well as responsible for operating construction equipment in order to install underground cable. The Equipment Operator is responsible for performing shore, slop trench and excavation when necessary. Other duties include unloading and loading equipment, digging holes and locating existing utilities, preparing cable routes, feeding cable, securing the job site, placing signs where directed and completing various other tasks as assigned by the Foreman.
ESSENTIAL JOB FUNCTIONS
A) Operate various equipment in placing cable and conduit (boring rig, cable trencher/plow, backhoe, box pusher, tamper)
B) Perform shoring, slope trenching or excavation when necessary
C) Identify various soil types
D) Work around located utilities
E) Expose existing utilities by hand-digging
F) Read prints for cable placement and consult with Foreman regarding different approaches to job. Read CATV and telephone prints
G) Report equipment problems to Foreman
QUALIFICATIONS
A) Must have a valid, insurance acceptable drivers license
B) Must be able to successfully pass pre-employment drug test
C) Must have one to two years in utility construction
D) Must have solid work references
E) Must have the ability to perform hard physical labor
F) Must match HBI's outlined working styles
G) Must have or be able to obtain a Class A CDL
Pre-employment drug screening required.
Background check required.
**Must be able to travel throughout Wisconsin and Upper Michigan to perform this work.**
Holtger Bros., Inc. (HBI), founded in 1946, is a family owned company specializing in underground and aerial installation/repair of telecommunications cable. From our beginning as a utility contractor, we have been able to diversify our services and now specialize in: Utility Services - Buried and aerial; Excavating Services - Construction, Equipment & Truck Repair - Preventive, Scheduled, Emergency. Today the company has approximately 150 employees during the peak season and currently has license and/or performs work in Wisconsin, Michigan, Illinois, Iowa, Minnesota, Florida, Louisiana, Arkansas, Tennessee, Georgia, Alabama, Texas and Mississippi. Holtger Bros., Inc. provides an opportunity to grow a career in the Telecommunications Industry! Equal Opportunity Employer
» Apply Now
Please review all application instructions before applying.
Cabot talks Eagle Ford and the emerging Pearsall Shale
The Houston-based Cabot Oil & Gas has a lot of Eagle Ford Shale acreage, but is also one of the few companies talking publicly about its work in the underlying Pearsall Shale.
Here’s some Pearsall and Eagle Ford highlights from Cabot’s recent first-quarter call with analysts.
Cabot plans 15 horizontal wells in the Pearsall this year, and right now it’s drilling three well. So far it has nine producing Pearsall wells, which have a 30-day production rate average of 600 barrels of oil equivalent per day (that’s the mix of crude oil and natural gas and natural gas liquids produced in a well). About half of those barrels are crude oil.
The next Eagle Ford: Excitement grows for another South Texas shale
The company has been concentrating on the Pearsall Shale, but in doing so it is “holding” it’s Eagle Ford acreage. (Mineral leases often have a time by which drilling has to start – often three years – and a depth severance provision, so drilling a deep formation like the Pearsall “holds” all the formations above it such as the Eagle Ford, so companies can come back and drill them later).
Dan O. Dinges, chairman, CEO and President of Cabot, said, “We had 3 rigs operating in the Pearsall, 1 rig has moved back to the Eagle Ford during the quarter… The Pearsall, it’s still a young play and remains a science project for us… We have a thick column of hydrocarbon and continue to work on all aspects of drilling and completing a cost-effective well.”
But even though it’s concentrating on Pearsall right now, it has 43 wells in the Eagle Ford. In the first quarter the company drilled its longest horizontal reach to day, at 8,200 feet. The well was complete with a 30-stage hydraulic fracturing operation, which uses water, sand and chemicals to break open the dense shale rock.
You can read a full transcript here on Seeking Alpha. (Registration is free).