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Jagged Peak Reports 166% Production Increase YOY; Touts First 2nd Bone Spring Well

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Jagged Peak Reports 166% Production Increase YOY; Touts First 2nd Bone Spring Well

Jagged Peak reported its Q2 results where it mostly focused on production and key well results.

Highlights Include:

Production volumes in Q2 were 14,714 boe/d (81% oil) which was an increase of 166% from Q2 2016 and 50% from Q1 2017 Jagged Peak drilled its first 2nd Bone Spring well that produced an IP30 of ~180 boe/d per 1,000 (85% oil) on a lateral length of 4,843' and produced 47,163 boe (85% oil) in its first 65 days online D&C capex was $148.9 million representing capital to drill and complete 16 gross (14.3 net) wells 
Jagged Peak recorded production volumes of 14,714 boe/d (81% oil) in Q1. This number was a 50% increase from the previous quarter and a 166% increase from Q2 2016. Further, its July 2017 production was 17,800 boe/d. This number is partly attributed to the company's 2…
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