Quarterly / Earnings Reports | Production | Third Quarter (3Q) Update | Key Wells | Well Spacing | IP Rates-30-Day | Initial Production Rates | Forecast - Production | Drilling Program-Rig Count
Cimarex Raises Production Guidance +5%; Testing New Spacing in the MidCon
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Cimarex Energy reported its Q3 2017 results. Highlights from its call / release include:
Daily Production averaged 1,143 MMcfe (190.5 MBOE) Full-year 2017 production guidance raised to 1,134 - 1,147 MMcfe (up 5% from original forecast made in February) Completed 77 gross (30 net) wells during Q3 14 rigs running Midcontinent Woodford ActivityBest Well to Date in the Area: The Hines Federal #1H had 30-day average peak production of 15.2 MMcfe per day (40% oil, 23% NGL, 37% gas).
Increased Density Pilot:
Cimarex began producing from eight Woodford shale wells drilled as part of an increased density pilot. The project tested both 16- and 20-well spacing per section. Stagger Stack Pilot - Meramec Woodford:The company is testing ten wells per section in the Meramec and nine…
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