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Concho Touts Well Results in Delaware Basin; Record Lateral, IP for Company
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Concho reported its Q1 2017 results and highlights from its presentation / conference call include:
Northern Delaware Well Results:
Deep Area: Three wells in the Bone Spring with an average lateral length of 4,274 feet and average peak 30-day rate of 2,112 Boepd (81% oil). Red Hills: Five wells were drilled to an average lateral length of 5,745 feet and produced at an average peak 30-day rate of 1,980 Boepd (78% oil).Plans for 2017 include zone-delineation and well spacing projects
Southern Delaware Well Results - Company Record:
Nine wells drilled with average peak 30-day and 24-hour rates of 1,632 Boepd (73% oil) and 2,156 Boepd, respectively. The average 30-day peak rate and the average lateral length for these wells of 8,184 feet both represent Company records for…- ✓ Full news archive — U.S., Canada & international coverage
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