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Amplify Energy Initiates East TX Drilling Program in Q3; Brings 3 Wells Online
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[Summary: Amplify Energy reported its Q3 results and highlights include:
Average daily production in Q3 was 177.4 mmcfe/d, a 4% increase from the previous quarter Q3 spending was $25.4 million with 82% allocated to East Texas and 11% allocated to the Eagle Ford Brought online 14 gross (.9 net) non-op wells Initiated its Cottown Valley drilling program and brought 3 wells onlineDuring Q3, Amplify reported average daily production of 177.4 mmcfe/d with 10 mbbl/d of oil, 4.7 mbbl/d of NGLs, and 88.7 mmcf/d natural gas.
The company initiated its East Texas drilling program, bringing 3 well online in Q3. The average peak rate of the wells was 10 mmcfe/d, the average lateral length was 6,000 feet, and the average number of stages was 30.
In addition to the East Texas wells, Amplify brought…
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