Well Lateral Length | Rig Count | Drilling / Well Results | Key Wells | IP Rates-30-Day | Production Rates | Initial Production Rates | Drilling Contractor
Diamondback Touts Midland Basin Results; Plans to Add Two Delaware Rigs
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Diamondback Energy announced financial and operating results for the fourth quarter ended December 31, 2016.
The company is currently operating six horizontal rigs, including first operated rig in the Southern Delaware Basin, with plans to add two additional rigs after the closing of the pending Brigham Resources acquisition
Midland Basin Well ResultsIn Howard County, Diamondback continues to see strong extended performance from its latest pad using a high-density near-wellbore completion design. These wells targeted the Lower Spraberry, Wolfcamp A and Wolfcamp B with an average completed lateral length of 9,725 feet. The Reed 1A 1WA and the Reed 1A 1WB achieved respective peak 30-day 2-stream initial production ("IP") rates of 1,978 boe/d (89% oil) and 1,605 boe/d (90% oil). After…
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