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Endeavor Energy 4th Quarter and Full Year Results

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Endeavor Energy 4th Quarter and Full Year Results

Endeavor Energy Resources announces operating results for the fourth quarter and year ended December 31, 2018.

Fourth Quarter 2018 Highlights Averaged daily net production of approximately 72.0 MBOE per day during the three months ended December 31, 2018, a 57% increase from the average daily net production volume of approximately 46.0 MBOE per day for the three months ended December 31, 2017. Placed on production 33 horizontal wells during the three months ended December 31, 2018 achieving an average 30-day IP rate of 928 BOEPD (84% oil). Lease operating expense per BOE decreased to $10.05, a 4% improvement as compared to the same period in the prior year. Increased stages per day per frac crew by 40% compared to same period in the prior year Year-end 2018 Highlights The Company…
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