Drilling & Completions | Well Lateral Length | Top Story
Concho Switches to Manufacturing Mode in Permian: Analysis of Completion Design, Well Results
Print
|
After years of derisking and honing its completion design, Concho is ramping up its Permian development to "manufacturing mode", according to exec Jack Harper in the company's Q1 2017 conference call.
2017 Development Plans:Avg. of 19 rigs running
8 Northern Delaware 4 Southern Delaware 5 Midland Basin 2 NM Shelf$1.44-1.62 billion D&C Capital (90% of total)
Northern Delaware: $576-648 million Southern Delaware: $288-324 million Midland: $432-486 million Remainder is NM ShelfOn all of its Permian wells (both Delaware and Midland), Concho utilizes a slickwater frac design.
Shale Experts Research Group has looked at Concho's completions in the Midland and Delaware Basins and analyzed whether increased proppant and longer laterals impact productivity.
Quick Summary: Longer Midland…- ✓ 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
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,…