Drilling / Well Results | Quarterly / Earnings Reports | Production | Second Quarter (2Q) Update | Drilling Program - Wells
Panhandle Increased Production 26% from Q1 to 32.4 MMCFEPD in Q2
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Panhandle released its Q2 results and highlights include:
Panhandle's Q2 production averaged 32.5 mmcfe/d which was 26% higher than Q1 production. Natural gas production was 2,265,091 mcf, which was an increase of 7% from Q2 2016. Oil production was 75,467 bbls which was a decrease of 15% from the 88,732 bbls produced in Q2 2016. Lastly, NGL production for Q2 was 39,337 compared to 40,477 in Q2 2016.
The company participated in several wells across four different regions in Q2. In the Woodford Shale, where the company owns a 20% WI, 8 wells, operated by BP, were drilled. Panhandle identified 1,411 gross undeveloped locations in the area. In the Eagle Ford, where Panhandle owns an average 13.2%, 10 wells were drilled. In the STACK/Cana Panhandle owns a 17.5% working interest in 6 wells…
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