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Parsley Drills First Wolfcamp C Well; Hits 3,400 Boe/d
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Parsley released its Q1 2017 results and highlights from the conference call / report include:
Parsley's first well targeting the Wolfcamp C formation, the Taylor 45-33-4601H, completed with a 2-mile lateral (10,560') in Reagan County, registered a peak 30-day rate of 3,135 Boe per day.
In its Q1 conference call, Parsley touted the Wolfcamp C's potential: "Informed by two years of advance work, we approached our first Wolfcamp C well with a good degree of precision, and the outcome is as good as it could be hoped for and a real credit to our technical and operational teams. When compared to previous Wolfcamp C wells in the Midland Basin, we targeted a different part of the formation and utilized a different completion design as well with higher proppant loading and slickwater instead of…
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