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Energen Lists 48 Midland Basin Wells to Complete in 2016
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Energen Corporation has reported third quarter 2015 results.
Production in the 3rd quarter of 2015 exceeded the guidance range midpoint by 2 percent (approximately 1,200 boepd) primarily due to better-than-expected well performance from Wolfcamp wells in the Delaware Basin. The company’s production guidance range for the year remains 22.2 - 23.2 MMBOE (60,882-63,622 boepd), increase of 19% from 2014. The company currently estimates that 48 gross (48 net) wells in the 2015 program will be completed in 2016 including all 37 gross (37 net) Martin County development wells. Energen's 2015 drilling and development capital is now estimated to be $1.0 billion, or $43 million lower than the prior estimate. The success of Energen’s Wolfcamp development program led to a 58 percent increase in…- ✓ Full news archive — U.S., Canada & international coverage
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