Skip to main content

Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Drilling & Completions | Well Lateral Length | Quarterly / Earnings Reports | Proppant | Second Quarter (2Q) Update | Production Rates | Hedging | Capital Markets | Capital Expenditure | Drilling Program - Wells | Private Equity Activity

Extraction Hits Company Record Production Levels; Raises Oil Guidance 6%

printPrint    |   
Extraction Hits Company Record Production Levels; Raises Oil Guidance 6%

Extraction released its Q2 results where it primarily focused on its oil production and its enhanced completions in the Niobrara.

Highlights Include:

Q2 average net sales volumes were 44,172 boe/d, which included 23,088 bbl/d of oil. Total production increased 60% from Q2 2016 and 32% from Q1 2017 Aggregate drilling, completion, leasehold and midstream capex totaled approximately $272 million, $240 million of which was drilling and completion Through the end of 2017, the company forecasts 85% oil production hedged and 80% forecasted natural gas production hedged Turned to sales 67 gross (62 net) wells with an average lateral length of 7,100 feet, with 33 turned on in the back end of Q2
Extraction hit company record production levels for both total equivalent and crude oil in Q2. Net sale…
Finish this article — free account or subscription
  • ✓  Full news archive — U.S., Canada & international coverage
  • ✓  A&D transactions — asset deals, corporate M&A, assets for sale
  • ✓  Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in


More Second Quarter (2Q) Update News

Rockies News