Quarterly / Earnings Reports | Second Quarter (2Q) Update | IP Rates-30-Day | Forecast - Production | Drilling Activity
Energen's Q2 Production Exceeds Expectations; Latest Gen3 Wells Outperform Type Curve
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Energen reported its Q2 2018 results.
Recently, the company inked a $9.2 billion deal whereby it will be acquired by Diamondback Energy. Production Exceeds Midpoint Guidance by +7%- 2Q18 production of 97.4 mboepd (up +5% from 1Q18 and up +34% YOY) - this has exceeded the midpoint of its guidance by +7%
2Q18 production increases ≈5 % from 1Q18 Oil production in 2Q18 of 56.7 mbopd surpasses guidance midpoint by 7% Continued well outperformance drives 5% increase in CY18 production guidance midpoint; new guidance range is 97.0-104.0 mboepd Gen 3 IPs Exceeding Type Curve Delaware BasinTen new Gen 3 Wolfcamp wells in Delaware Basin deliver average peak 24-hour IP rates of >300 boepd/1,000'
Midland Basin
Eight Howard County Wolfcamp A wells highlight Midland Basin results with average…
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