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Laredo Touts New 1.3 MMboe Type Curve; 70 Wells Planned For 2017
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Laredo Petroleum announced its 2016 fourth-quarter and full-year results.
2016 Review
Type Curve : Upgraded to 1.3 MMBoe -10, 000 ft lateral, Upper & Middle Wolfcamp, 2400 lbs/ft Drill 13k foot lateral in avg 18 days. Production (FY-2015) : 53,141 Boe/d (up Completed 44 Wells in 2016 2017 Development ProgramQ1 - 2017 :
12 Horizontal Wells.
11 Upper and Middle Wolfcamp (10,000 ft laterals) 1 Cline Shale (Cline/Wolfcamp D)The Company expects to complete 12 horizontal development wells in the first quarter of 2017. The wells are being drilled as a nine-well package and a package of three wells, with 11 wells targeting the Upper and Middle Wolfcamp and one targeting the Cline. The completion timing of the nine-well package is expected to push the commencement of production on…
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