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Alta Mesa to Bolster Rig Fleet in the STACK; Multi-Year Program
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Alta Mesa Holdings, LP announced its financial results for the first quarter of 2016 and provided highlights of its recent operations.
Key Points: In the first quarter of 2016, the Company completed four horizontal wells in the Osage zone. Currently, the Company is operating three drilling rigs in Sooner Trend for horizontal development with potential to bring on one or two additional drillings rigs in 2016.Production totaled 1.7 MMBOE, or approximately 18,300 BOE per day Production mix is 73% oil and natural gas liquids Production
Production volumes for the first quarter of 2016 totaled approximately 1,670 MBOE, or an average of approximately 18,300 BOE per day, compared to 1,700 MBOE or approximately 19,000 BOE per day in the first quarter of 2015. Production for the first quarter…
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