UNION PACIFIC STEPS UP CHALK PRODUCTION

Union Pacific Resources Co. (UPRC), Fort Worth, gauged a company record Cretaceous Austin chalk net production of more than 51,000 b/d of oil equivalent (BDOE) as of Nov. 18, mainly from horizontal wells. Present income from the Central Texas trend is $1.065 million/day, mainly from crude oil sales of $500,000/day. Crude oil pipeline operations and sales of gas and natural gas liquids account for the rest. Current company production is up from 15,000 BDOE from the chalk at yearend 1990.

Dec 9th, 1991

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