When EnCana completed its takeover
of Newfield Exploration, the goal was
to reduce costs in the Anadarko Basin
by $1 million per well by 2H19.
The company achieved this
milestone early in Q2 and in
some cases saw greater than $1 million
savings. Application of its cube approach
will drive costs down further.
A number of actions led to the costs
savings, including renegotiating supply
agreements. By self-sourcing sand and
chemicals, a $400,000 reduction in costs
were realized. The use of PropX boxes—a
containerized solution for last-mile proppant
delivery—has......
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