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Wattenberg-Focused SRC Ups Production 29% YoY; 800 Mboe EUR Type Curve

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   |    Thursday,May 04,2017

SRC Energy, who most recently changed its name from Synergy, reported its 1Q17 results.  The company grew its oil production 29% YoY.  The Greely Crescent area continues to support the 800 Mboe EUR type curve based on 7,500 ft (ML) lateral and 3 stream reporting.   The company's 14 well pad (Fagerberg) all of which are ML (7,500 ft) have an average cumulative production of 91 Mboe based on 180 days of production.

The company grew its oil production from 527 Mbbls in 1Q2016 to 660 Mbbls in 1Q17 a 29% increase QoQ.


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