Operational Updates
Energen Reports on Bone Spring Drilling Program
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3rd Bone Spring Results Continue to Exceed Expectations
Energen Resources' 3rd Bone Spring program continued to generate improved well performance in 2012, particularly now that the company has focused its operations on its core acreage east of the Pecos River in Ward, Winkler, and Loving counties in west Texas. The company's 3rd Bone Spring drilling programs in 2012 and 2013 will be concentrated in this core area.
Energen Resources also is adding 4 net wells to its 2012 drilling schedule; this brings the total number of wells to be drilled in the horizontal 3rd Bone Spring play in the Delaware Basin to 47 gross (43 net) wells. During the first quarter, Energen Resources drilled 11 gross (10 net) wells. The company plans to continue running 5-7 rigs in the Delaware Basin in 2012.
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