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Concho Completes 70 Permian Wells in 3Q; Unveils IP Rates
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Concho Resources Inc. reported financial and operating results for the third quarter of 2015.
Key Points: During the third quarter of 2015, Concho started drilling or participating in a total of 77 gross wells (57 operated) and completed 70 gross wells. Concho added 51 new horizontal wells in the northern Delaware Basin with at least 30 days of production as of the end of the third quarter of 2015. The average peak 30-day and 24-hour rates for these wells were 966 Boepd (72% oil) and 1,471 Boepd, respectively. The average lateral length for these 51 wells reached a record for the Company in the northern Delaware Basin at 5,158 feet, including 10 long-lateral wells averaging 8,782 feet. The Company delivered strong results in the Midland Basin, with eight new horizontal wells with at…- ✓ Full news archive — U.S., Canada & international coverage
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