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Energen's New Wells 30% Above Type Curve; Capex Up +100% for 2017
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Energen has reported its Q3 2016 results.
Key Points:2017 Outlook
Drilling and Development Capital: $700-$800 million (a +100-129% increase from 2016's $350-400 million budget) Rigs: 5- to 7-rig programGeneration 3 Completion Design
Each well is tracking more than 30 percent above the 2.0 mmboe EUR type curve for a 10,000' lateral length well (30 days on production).
Well Results:
- Checkers St. 54-12-21 701H:
Wolfcamp B interval (Reeves County) Lateral length of 9,389' Peak 24-hour IP was 2,384 boepd (3-stream), with oil comprising 61 percent of the product mix. Peak 30-day average rate was 2,072 boepd (3-stream), with oil comprising 58 percent of the product mix- Razorback NW 33-77 604H:
Wolfcamp A ( Loving County) Lateral length of 8,962' Peak 24-hour IP was 3,111 boepd…- ✓ Full news archive — U.S., Canada & international coverage
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