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Midstates Averages 30-Day IP of 575 BOE/d in the MissLime
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Midstates Petroleum Company has reported a third quarter 2014 update on its Mississippi Lime operations.
Production from the Mississippian Lime properties averaged 23,834 Boe per day for the third quarter of 2014, an increase of approximately 15% over the second quarter of 2014. In the two years since the acquisition of these properties, Midstates has grown production in the Mississippian Lime from 7,000 Boe per day to almost 24,000 Boe per day.
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Through October, the Company had 189 wells on production for more than 30 days with an average peak 30-day production rate of 575 Boe per day. These results were strengthened during the third quarter of 2014 by four wells with peak 30-day production rates greater than 1,000 Boe per day, further solidifying Midstates' top tier…
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