The company remains on target to deliver full year production guidance of 170-176 mboe/d, including 30-35 mbbls/d of liquids.
In the Eagle Ford, production was up 58% year over year, and liquids volumes have increased more than 70%. For the quarter, Talisman's share of production (50% working interest) averaged 21,000 boe/d, up slightly from the previous quarter.
The company increased the number of full-time completion crews from one to three at the end of the first quarter. Talisman expects to increase the number of gross operated wells on stream from 18 in the first quarter to more than 50 in the second quarter. In addition, four new facilities will be brought on stream during the second quarter, with total gross processing capacity of 37,000 bbls/d liquids and 190 mmcf/d of gas. As a result, we remain confident of reaching our full-year production target in the Eagle Ford of approximately 30,000 boe/d.
Talisman continues to make significant improvements in Eagle Ford capital investment efficiency. Drilling cycle times have been reduced to less than 25 days, with drilling and completion costs down to approximately $8 million per well. During the quarter, Talisman began transferring the first of three rigs in the eastern part of the play to Statoil, in accordance with the Talisman-Statoil joint venture agreement.
In the Marcellus, production averaged 442 mmcf/d, down from 475 mmcf/d in the previous quarter. Production optimization activities have successfully reduced base decline from approximately 10% per quarter to less than 7% per quarter. One rig is currently operating in the Marcellus, focused on land retention and lease obligations. Talisman has an inventory of approximately 50 drilled but uncompleted Marcellus wells that can be completed and tied in.
In the southern portion of the liquids-rich Duvernay play, three short-lateral wells have been drilled to evaluate fracture effectiveness and assess production characteristics. The first short-lateral well was fracked with five effective stages, and came on stream with an initial production rate of over 350 bbls/d of condensate. The second short-lateral well was fracked with seven effective stages and tested 1.1 mmcf/d with 120 bbls/d of condensate. Based on learnings from these initial wells, Talisman's most recent well was drilled with a 5,400 foot lateral and will be completed with 12 frack stages during the second quarter.
In the Montney, production averaged approximately 12,000 boe/d, down nearly 8% from the previous quarter, reflecting natural declines and limited capital spending. The company is running a three-rig program in 2013, focusing on the early development of its joint venture position in the eastern liquids-rich part of the Farrell Creek play. Together with the company's partner Sasol, appraisal activity has commenced on the large adjacent Cypress A acreage position.
In Edson, the third party deep cut processing plant is ahead of schedule, and is expected to be on-stream in the third quarter. Talisman operated two drilling rigs over the first quarter in Wild River to develop incremental gas volumes for the deep cut plant. In Edson, a horizontal drilling program targeting the liquids-rich Wilrich formation is on track to begin in the third quarter, with volumes processed through the Talisman-owned Edson facility.
As part of efforts to focus and unlock value from the North America portfolio, the company has commenced a process to joint venture or divest its North Duvernay holdings and parts of its Montney holdings. A data room is expected to open in the second quarter for the North Duvernay, and targeted discussions continue with respect to the company's large Montney holdings.
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