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Callon Adds Second Rig Targeting the Wolfcamp A; 10,000 ft. Laterals
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Callon Petroleum Company reported results of operations for the three months ended June 30, 2016.
Key Points: Callon recently returned a second horizontal rig to service after being idled in the first quarter of 2016. The rig will initially be focused on program development of the Wolfcamp A zone in the WildHorse area after drilling two 10,000' lateral wells targeting the LLS at the Carpe Diem field. In addition, the Company has budgeted for investments in facilities, seismic and land to support the longer-term development plans in each of our focus areas, including the potential addition of a third horizontal rig during the first half of 2017. Highlights: Net daily production of 13,451 barrels of oil equivalent per day, an increase of 8% compared to the first quarter of 2016…- ✓ Full news archive — U.S., Canada & international coverage
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