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Cimarex Preps to Double Drilling Activity in Q3; Talks Permian Infill Pilot Results
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Cimarex Energy reported its Q2 2018 results.
Prepping for Most Active Drilling QuarterCimarex's Q3 will be its most active of the year in terms of drilling - the company will be drilling over +100% more wells compared to Q2:
Permian - Infill Pilot Results ReportedActivity in the region for the quarter included twelve wells completed in the Wolfcamp and Bone Spring formations. Of note, in Lea County, New Mexico, the six-well Hallertau 5 FED Upper Wolfcamp infill pilot was brought on-line during the quarter. The infill pilot, which included six short laterals (4,230' average) testing 12 wells per section, had an average peak 30-day initial production rate of 1,295 BOE (783 barrels of oil) per day, with results ranging from 1,855 BOE (1,096 barrels of oil) per day to 937 BOE (564 barrels…
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