Well Lateral Length | Quarterly / Earnings Reports | Proppant | Second Quarter (2Q) Update | Well Spacing | IP Rates-30-Day | IP Rates-24 Hour | Initial Production Rates | Drilling Program-Rig Count
Energen Boosts Midland Proppant Levels +40% YOY; IPs Exceeding Type Curve
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Energen released its Q2 2017 results. Highlights from its release / call include:
- 2017 capex remains unchanged at $850-$900 million
- 45 wells put on production in Q2 2017
- Average of 6.5 horizontal drilling rigs and an average of 4 frac crews
Permian ActivityDelaware Basin Avg IP24 / IP30: 2,338 BOEPD / 1,889 BOEPD Midland Basin Avg IP24 / IP30: 1,493 BOEPD / 1,203 BOEPD - on average, these wells have been oilier than their Delaware Basin counterparts Gen 3 Well Design Outperforming
59 Gen 3 wells are outperforming the highest EUR type curve and significantly outperforming the midpoint EUR type curve; 76% are multi-zone pattern wells completed in batches
Delaware Basin
Proppant increased +110% (midpoint) from 2014 - currently 1,800-2,400 lbs/foot Cluster spacing down -50% from…- ✓ Full news archive — U.S., Canada & international coverage
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