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Approach Focuses on Wolfcamp Drilling in Q2; Tags 1,080 MBOE in Production
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Approach reported its Q2 2017 results. Highlights include:
Production for second quarter 2017 totaled 1,080 MBoe (11.9 MBoe/d), made up of 26% oil, 35% NGLs and 39% natural gas.
Focus on Wolfcamp Drilling
Q2 Drilling: Drilled 8 / Completed 5 horizontal wells (one well in the Wolfcamp A bench, two wells in the Wolfcamp B bench and two in the Wolfcamp C bench)
The average producing rate of the five wells completed in second quarter 2017 is tracking a 700 MBoe type curve. When normalized to a 7,500' lateral, the wells are performing 10% above the 700 MBoe type curve.
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