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Energen Sees Huge Wolfcamp Well IP; Credits Long Laterals

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Energen Sees Huge Wolfcamp Well IP; Credits Long Laterals

Energen Corporation has tested six new Wolfcamp wells in the Permian Basin, including two “B” bench wells in western Reeves County and two “B” bench well with 7,000-foot drilled lateral lengths in southern Glasscock County.

All produced at very attractive initial rates.

Highlights: Wolfcamp “B” well in western Reeves County sets known record for peak 24-hour IP (3-phase) in southern Delaware Basin at 2,387 boepd. 7,000 foot Wolfcamp “B” well in Midland Basin (Glasscock County) produces at peak 24-hour IP (3 phase) of 1,387 boepd (80% oil) without artificial lift. 2014 drilling and development capital estimated at $1.05 billion. Permian Basin production in 2014 estimated to increase 16% year-over-year (YOY). Oil and NGL production estimated to increase 12%, building on company high 13.6…
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