Exploration & Production | Top Story | Seismic | Downspacing | Well Spacing | IP Rates-30-Day | Initial Production Rates | Capital Markets | Private Equity Activity
Midstates Unlocking the MissLime with 3D Seismic, Downspacing
Print
|
After amassing a sizable position (79,000 net acres) and ramping up production 247% in the Mississippi Lime, Midstates Petroleum has honed in on the best strategy for top-tier well performance.
Current Position:Enlarge Image
The company has increased its type curve in the play 25% year-over-year (YOY). With 225 wells on production, Midstates has an average 30-day peak rate of 565 BOE/d.
Enlarge Image
Enlarge Image
Midstates' investment in 3D seismic across its acreage has also boosted results for the company. EURs have increased 25% and additional downspacing and multi-lateral potential has been identified.
Enlarge Image
The company initially developed its position using four laterals per section, which equated to well spacing of 1,320'. In the future, Midstates is looking to…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations