Operational Updates
Energen 3rd Bone Spring Wells Producing 1,500 boe/d (77% Oil)
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Energen Resources’ 3rd Bone Spring program continued to generate strong results in the third quarter. The company is developing its core acreage position in the Delaware Basin, east of the Pecos River in Ward, Winkler, and Loving counties in west Texas. During the quarter, Energen Resources drilled 8 gross (8 net) 3rd Bone Spring wells.
Twelve gross (12 net) wells were tested during the quarter at initial stabilized rates ranging from 622 BOE per day (61% oil) to 1,593 BOE per day (77% oil). The average initial stabilized rate was 954 BOE per day (70% oil). The 30-day average production rate of 9 wells tested was 639 BOE per day (67% oil).
Through the first nine months of 2012, Energen Resources drilled 32 gross (30 net) wells, including one dry hole. The average initial stabilized rate…
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