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Endeavor Reports 1Q 2019 Update; Production Growth 86% Y/Y

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Endeavor Reports 1Q 2019 Update; Production Growth 86% Y/Y

Endeavor Energy Resources, announces operating results for the quarter ended March 31, 2019.
First Quarter 2019 Highlights

Transitioned from two-stream reporting to three-stream reporting of realized prices and production volumes for oil, natural gas (“dry gas”) and natural gas liquid (“NGL”). Averaged daily net production of approximately 94.2 MBoe per day (73% oil) during the three months ended March 31, 2019, an 86% increase from the average daily net production volume of approximately 50.7 MBoe per day (68% oil) for the three months ended March 31, 2018. Placed on production 36 horizontal wells during the three months ended March 31, 2019, achieving an average 30-day IP rate of over 1,278 Boepd (80% oil). Lease operating expense per Boe decreased to $8.58, a 25% improvement as…
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