SPECIAL REPORT: Independents mitigate field costs through operating efficiencies

Independent operators report strong US exploration and production efforts despite increased drilling costs and other service costs. Companies strive to mitigate higher expenses through operating efficiencies, noting that the 2008 field cost outlook is uncertain.Partially because of rising field costs, Apache Corp. reduced its 2007 US exploration and development budget from its 2006 budget. Yet, the company continues to increase production and add reserves.This story reviews the methods Apache uses to manage its costs in the Anadarko basin, Permian basin, and East Texas. Devon Energy Corp. provided information about its operations in the Barnett shale and the Rocky Mountains.Several indepe...

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