Drilling & Completions | Well Lateral Length | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Key Wells | IP Rates-30-Day | IP Rates-24 Hour | Initial Production Rates | Financial Results | Capital Markets
Jones Touts Its Oiliest Meramec IP30 Yet in Q4; Cuts Down Drill Times
Print
|
Jones reported its Q4 and full year 2017 results.
Strong Eastern Anadarko Results Bone 2H Meramec well achieved peak IP30 rate of 1,255 Boe/d which is 287 Boe/d per 1,000' of lateral (67% oil, 2-stream). This well set a new Company record for highest peak IP30 oil rate (835 Bbls/d) achieved in the Merge. Two Meramec wells on recent Gamble pad achieved average peak to-date rate of 226 Boe/d per 1,000' of lateral (65% oil, 2-stream) which is 50% above type curve expectations. Faster Drill Times Other 2017 Highlights: Production for the full year 2017 of 7.8 MMBoe (21,332 MBoe/d) (up slightly from 7.0 MMBoe (19.2 MBoe/d) in 2017))Net income for the fourth quarter 2017 of $41.6 million, or $0.51 per share. Non-GAAP adjusted net loss1 of $28.8 million, or a loss of $0.33 per share.
Net…
- ✓ 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
More Fourth Quarter (4Q) Update News
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Endeavor Talks 2023 Development Program; Rigs, Frac Crews
Endeavor Energy Resources, announces financial and operating results for the three and twelve months ended December 31, 2022, and provides full-year 2023 outlook. Fourth Quarter 2022 (“4Q22”) Highlights…
Crescent Energy 4Q, Full Year 2022 Results; Maintenance Capital for 2023
Crescent Energy Company announced its financial and operating results for the fourth quarter and full year 2022 as well as its 2023 guidance. 2023 Outlook Crescent's 2023 outlook…
W&T Offshore Fourth Quarter, Full Year 2022 Results; 2023 Guidance
W&T Offshore, Inc. reported operational and financial results for the fourth quarter and full year 2022, including the Company's year-end 2022 reserve report. Guidance for 2023 was also…
Mid-Continent - Anadarko Basin News
Comstock to Acquire Assets from Ovation Energy For $62.5 Million
Comstock Resources agreed to acquire substantially all of the assets of Ovation Energy, L.P. for $62.5 million, expanding its producing footprint across multiple U.S. natural gas basins. The…
Devon Energy Corp. First Quarter 2023 Results
Devon Energy Corp., announced first quarter 2023 results. Highlights Oil production reached an all-time high of 320,000 barrels per day in the first quarter Capital activity headlined by…
SandRidge Energy, Inc., First Quarter 2023 Results
SandRidge Energy, Inc., announced first quarter 2023 results. Highlights First quarter net income was $23.8 million, or $0.64 per basic share. Adjusted net income(1) was $25.7 million, or…
PHX Minerals Inc., First Quarter 2023 Results
PHX Minerals Inc., announced first quarter 2023 results. Highlights Net income was $9.6 million, or $0.27 per share, compared to net income of $3.3 million, or $0.09 per…
Coterra Energy Inc., First Quarter 2023 Results
Coterra Energy Inc., announced first quarter 2023 results. Highlights Net Income (GAAP) totaled $677 million, or $0.88 per share. Adjusted Net Income (non-GAAP) was $661 million, or $0.87…