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Parsley Gets 57% Oilier YOY in Q1; Touts Record IPs in Glasscock, Pecos Counties
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Parsley Energy reported its Q1 2018 results.
Highlights:- Q1 production of 93.4 MBOEPD (up +70% YOY and up +16% from 4Q17)
Net oil production up 15% QOQ and 57% YOY to 59.3 MBOPD- Spud 43 and placed on production 41 gross operated horizontal wells
Average completed lateral length of approximately 9,100 feet Completion activity was nearly evenly distributed between the Midland Basin and the Delaware Basin, where the Company placed on production 20 and 21 gross operated horizontal wells, respectively. Record Glasscock / Pecos County Wells- Parsley registered Company-record initial production rates for wells completed in Glasscock and Pecos Counties, as detailed below.
Two-well Catfish Hunter 12-1 pad registered strong peak IP30s of 2,022 BOEPD (69% oil) and 2,004 BOEPD (72% oil)- ✓ Full news archive — U.S., Canada & international coverage
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