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Midstates Turns on Taps at 10 HZ Anadarko Basin Wells
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Midstates Petroleum Company has reported a third quarter 2014 update on its Anadarko Basin operations.
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Since closing the Anadarko Basin acquisition on May 31, 2013, 71 wells have been drilled across the Company's four primary target formations. Through October, the Company had 70 wells on production for more than 30 days across those four formations and achieved an average 30-day peak production rate of 357 Boe per day (excluding wells with mechanical issues). Production for the third quarter in the area averaged 8,486 Boe per day and was negatively impacted by a 220 Boe per day reduction related to a prior period adjustment. Without the effects of this reduction, production for the quarter was 8,706 Boe per day.
The Company spud a total of six wells during the period, of…
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