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Laredo Ramping Up Wolfcamp Laterals in 2016; Talks Strategy
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Laredo Petroleum, Inc. reported its third quarter 2015 results.
Key Points: Laredo has now completed a total of 80 horizontal wells in the Upper and Middle Wolfcamp zones with at least a 6,000-foot lateral, 24 frac stages and 180-days of production history. Laredo expects to maximize the returns of the Company's anticipated 2016 drilling program by focusing the majority of drilling capital on 10,000-foot lateral horizontal wells drilled along production corridors and targeting the Upper and Middle Wolfcamp zones. Laredo is currently operating three horizontal rigs and expects to complete 16 horizontal wells in the fourth quarter of 2015 Laredo produced 44,820 BOE per day in the third quarter of 2015, up approximately 16% from third-quarter 2014 three-stream production of 38,798 BOE per…- ✓ Full news archive — U.S., Canada & international coverage
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