A significant reduction of drilling and completion costs in the Eumont and Jalmat Fields of Lea County, New Mexico has resulted in the continuation of Conoco's development program in a soft gas price environment. Average 1995 costs for drilling, completion and facilities have been reduced to $180,000 for single zone completion wells and $240,000 for two completion wells. This paper focuses on the process and equipment changes that resulted in the cost improvements as well as the method used to identify the improvements.

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