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Alta Mesa Ups Frac Stages in the STACK; Shrinks Eagle Ford Interests
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Alta Mesa Holdings, LP announced its financial results for the first quarter of 2015 and provided highlights of its recent operations.
Highlights: Adjusted EBITDAX totaled $50.7 million Production totaled 1.7 MMBOE, or about 19,000 BOE per Day, up 10% from Q1-2014 Oil and liquids production totaled 1.2 MMBOE, up 33% from Q1-2014 Production mix moves to 72% liquids, up from 60% in Q1-2014 Operational HighlightsEnlarge Image
Sooner Trend, OklahomaAlta Mesa's assets in the Sooner Trend in Oklahoma are located in large mature oil fields with multiple productive zones at depths generally from between 4,000 feet and 8,000 feet. Activity in these fields is focused on horizontal drilling and multi-stage fracturing of the Meramec section of the Mississippian Lime and the Oswego Lime, as well…
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