Drilling & Completions | Top Story | Forecast - Production | Drilling Activity | Rig cancellation / Idle | Drilling Program-Rig Count
Another Permian Operator Cuts Rigs and Completion Crews
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SM Energy has raised its Q2 production guidance as the quarter winds down. They also detailed an operational update.
2Q18 Production:Based on the first two months of the quarter and expectations for the month of June, Midland Basin production is exceeding the Company's 2018 Plan, primarily due to better than expected well performance from both new and existing wells. Second quarter total Company production guidance is increased to a range of 10.1-10.4 MMBoe (111-114 MBoe/d), up from 9.7-10.1 MMBoe (106-111 MBoe/d), with approximately 41% oil in the commodity mix.
Lower Rig Count, Completion Crews in 2H18The Company continues to drill and complete wells faster than scheduled in its 2018 Plan, accelerating the 2018 Midland program. The company expects to have a quieter second half of the…
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