Second Quarter (2Q) Update | Drilled Uncomplete (DUC) | Drilling Program - Wells | Drilling Activity | Drilling Program-Rig Count | 2020 Guidance
Midland E&P Putting Rigs, Frac Crews Back to Work; Bolsters Well Plans
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Endeavor Energy Resources LP reported its Q2 2020 results as well as provided an update on its full year 2020 operation plans and outlook.
Bolsters 2020 Plan: More Rigs, Frac Crews, WellsEndeavor is ramping up activity for 2H20, adding several rigs and wells to its agenda for 2020.
The company recommenced frac ops in July, utilizing two frac crews to complete portion of DUC inventory. Two rigs were added in late July 2020 and two more rigs will be deployed in October 2020.
Endeavor anticipates exiting 2020 with 5 operated horizontal rigs and two frac crews.
Ups D&C investment guidance to drill an additional 25 horizontal wells and complete an additional 35 horizontal wells.
Endeavor is also raising full year 2020 production guidance from midpoint 140 MBoepd to 161-166 MBoepd.
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