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Parsley Hits IP30 Record in Q4 at Two-Well Pad; 3,386 BOEPD
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Parsley Energy reported its Q4 2016 results.
The Mary 18-18B-7-4202H and the Mary 18-18B-7-4401H, completed in Upton County with lateral lengths of 10,400 feet in the Wolfcamp A and Lower Wolfcamp B intervals, respectively, established a company-record 30-day IP rate for a two-well pad of 3,386 Boe per day. Parsley's first well targeting the Wolfcamp C formation, the Taylor 45-33-4601H, recently completed with a 2-mile lateral in Reagan County, registered a strong peak 24-hour rate of 2,414 Boe per day, representing the fourth highest peak 24-hour rate among all Parsley wells completed to date. Fourth Quarter 2016 Highlights Net production averaged 45.1 MBoe/d, up 5% versus 3Q16 and 79% year-over-year. Oil production increased 5% quarter-over-quarter and 92% year-over-year…- ✓ Full news archive — U.S., Canada & international coverage
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