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Apache Debuts Awesome Alpine High Well Results; Here's a Look
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Apache released its Q1 2017 results. Highlights from the conference call / report include:
In its newly discovered High Alpine play, Apache successfully tested three wells. The Chinook 101AH test well debuted with a 24-Hour IP Rate of 620 bbls/d from a lateral of 4,524 and a depth of 10,100. Similarly, the Blackhawk 5H had a 24-hour IP rate of 742 bbls/d from a 4,525 lateral and a depth of 9,760. Given the success of these test wells, Apache increased its production guidance from 252 - 263 mboe/d to 256 - 264 mboe/d about a 3.5 mboe/d increase.in addition to the favorable test well results, Apache reported:
Apache averaged 4 rigs in the Delaware and 6 rigs in the Midland. While the production guidance increased, the capex remains at the intitial guidance of $2.2 billion in the US Ave…- ✓ Full news archive — U.S., Canada & international coverage
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