Quarterly / Earnings Reports | Third Quarter (3Q) Update | Production Rates | Drilling Activity
EP Accelerates Wolfcamp Drilling in Q3; Slows Down in Eagle Ford
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EP Energy reported its Q3 2017 results. Highlights include:
45.1 MBbls/d in production Increased Midland Wolfcamp DrillingIn Q3, EP Energy significantly increased activity in its Wolfcamp program and produced record quarterly oil and total equivalent volumes. In the third quarter of 2017, the company completed 32 gross wells (19.5 net wells) and produced 12.6 MBbls/d of oil, a 35 percent increase compared with the third quarter of 2016.
Cuts Out Eagle Ford OpsIn Q3, EP Energy did not complete any wells in its Eagle Ford program and produced 20.0 MBbls/d of oil, a 17 percent decrease compared with the third quarter of 2016.
During the third quarter, EP Energy had one drilling rig active in the Eagle Ford. The company continues to improve returns and operational efficiencies in the…
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