Drilling & Completions | Well Lateral Length | Top Story | Field Development | Exclusives / Features
Concho Expands Permian Pads 100%; 5-6 Wells per Pad
Print
|
[Summary: At the 2017 Energy Credit Conference, Concho Resources went into further details on its "manufacturing mode" in the Permian.
According to Concho President and CFO Jack Harper, "manufacturing mode" translates to drilling multi-well pads across large blocks of acreage. The company is drilling its largest pads to date this year, with 5-6 wells per pad (up 100% from 2-3). ]
Concho's lateral length has increased 1,000 feet per year since 2014. Currently, the company is averaging laterals at +/- 8,000 feet in the Midland and Southern Delaware basins.
Northern Delaware: 8-well Windward project 2-mile laterals targeting the Avalon Southern Delaware: 8-well Brass Monkey project (2-2.5 mile laterals) Targeting three landings across two zones (Wolfcamp / Bone Spring) Midland: 13-wel…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Drilling & Completions News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
Range Resources Talks 1Q Results; 2024 Wells Plan Unchanged
Range Resources reported its first quarter results. As you can see from the chart below, the company has 76% of its budget remaining and 82% or 40 wells…
Large Permian E&P Cuts Capex;Outlines New D&C Plans, 2024
Ovintiv provided an updated guidance for the remainder of the 2023 development cycle. 2023 Guidance The Company issued its third quarter 2023 guidance and revised its full year…
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…
Cardinal Energy Ltd. First Quarter 2023 Results
Cardinal Energy Ltd. announced first quarter 2023 results. Highlights Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling…
Permian - Delaware Basin News
Empire Petroleum First Quarter 2023 Results
Empire Petroleum announced first quarter 2023 results. Highlights Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day ("Boe/d") (61% oil, 19%…
Earthstone Energy, Inc., First Quarter 2023 Results
Earthstone Energy, Inc., announced first quarter 2023 results. Highlights Average daily production of 104,450 Boepd(1), up 194% from Q1 2022 Net income(2) of $86.2 million, and Adjusted Net…
Battalion Oil Corporation First Quarter 2023 Results
Battalion Oil Corporation announced first quarter 2023 results. Highlights Substantial progress on acid gas treating facility as we ramp up gas delivery toward bringing the facility fully online…
PDC Energy, Inc., First Quarter 2023 Results
PDC Energy, Inc., announced first quarter 2023 results. Highlights Net cash from operating activities of approximately $590 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined…
Callon Petroleum Company First Quarter 2023 Results
Callon Petroleum Company announced first quarter 2023 results. Highlights Net income of $220.6 million, or $3.57 per diluted share (all share amounts are stated on a diluted basis),…
Permian - Northern Midland Basin News
Coterra Energy Inc., First Quarter 2023 Results
Coterra Energy Inc., announced first quarter 2023 results. Highlights Net Income (GAAP) totaled $677 million, or $0.88 per share. Adjusted Net Income (non-GAAP) was $661 million, or $0.87…
Diamondback Energy Reducing 2023 Drilling Program
Diamondback Energy, Inc. announced first quarter 2023 results. However during the earnings call. Here are a few things the company said. "We are going to reduce our rig…
PDC Energy Third Quarter 2022 Results
PDC Energy, Inc. announced its 2022 third quarter financial and operating results. 2022 Third Quarter Highlights: Net cash from operating activities of approximately $850 million, adjusted cash flows…
Marathon Oil Corp. Third Quarter 2022 Results
Marathon Oil Corp. reported third quarter 2022 results. The company reported net income of $817 million or $1.22 per diluted share, which includes the impact of certain items…
Coterra Names Jordan CEO; Dinges Takes Chairman Role
Coterra Energy Inc. reported that the Company's Board of Directors appointed Thomas E. Jorden, its President and Chief Executive Officer, as Chairman of the Board effective January 1,…