History – Alvarado Field
Home History – Alvarado Field Alvarado Field Starr and Hidalgo Counties, Texas
- Sierra purchased the Alvarado Field from Union Pacific Resources in 1996
- 2,600 acres
- 11 Producing wells ~ 1.5 MMcfe/d
- Sierra realized Alvarado was underdeveloped and underwrote a 90-square mile 3-D program
- Sierra increased its land position to 13,000 acres
- Drilled and completed 22 wells with 100% success rate
- Exit production 26 MMcfe/d
- Alvarado was sold to Peoples Energy in 2001
- Subsequently, Peoples increased production to a peak rate of 70 MMcfe/d
