Talisman sharpens North American shales focus

By OGJ editors

Talisman Energy Inc., Calgary, said 80% of its $629 million of capital spending in the quarter ended Sept. 30 was related to shale activities in North America.

The company continued to focus on the development of high-quality shale plays in the Eagle Ford, Marcellus, and Montney formations and on liquids-rich opportunities its Canadian conventional portfolio.

Shale production more than doubled year on year and will account for more than half of North American production volumes at the end of 2011, the company said. Talisman is operating 30 rigs, leading to expected shale production of 490 MMcfd of gas equivalent in 2011, up 125% from 2010.

The company brought 34 net Marcellus shale wells onstream in the quarter and will continue to operate with 11 rigs for the rest of the year. Talisman expects Marcellus production to average 400 MMcfd in 2011, the upper end of the target range set at the beginning of the year.

Talisman has 11 rigs actively drilling to the Montney in the Farrell Creek area and is on track to meet its full-year production guidance of 50-60 MMcfe/d there. It expanded the Farrell Creek facility to handle 180 MMcfd during the quarter.

Talisman will increase to 10 drilling rigs in the Eagle Ford in the fourth quarter and has two full-time frac crews operating. Well results are in line with expectations, and production is expected to average 30 MMcfe/d in 2011.

The company is drilling its first horizontal pilot well in the Duvernay shale in Canada.

Related Articles

Devon, Crosstex complete merger of midstream assets

03/07/2014 Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLi...

Baker Hughes: US drilling rig count edges down to 1,769


The US drilling rig count gave up 2 units to settle at 1,769 rigs working during the week ended Feb. 28, Baker Hughes Inc. reported.

PwC: US M&A activity down in 2013 despite strong finish

02/10/2014 The US oil and gas industry finished 2013 strong when it came to mergers and acquisitions, but the late-year push to a total of 182 deals totaling ...

Baker Hughes: US drilling rig count dips to 1,771


The US drilling rig count fell 14 units to 1,771 rigs working during the week ended Feb. 7, Baker Hughes Inc. reported.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected