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Parsley Steadies Permian Rig Count; IDs Key Well Results
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Parsley Energy, Inc. announced financial and operating results for the quarter ended September 30, 2015.
Key Points: The Company is currently operating four horizontal rigs and plans to maintain this rig count through the end of the year. Parsley spud 18 wells and completed 11 wells during the third quarter. All of the completed wells targeted the Wolfcamp A or Wolfcamp B interval, with six in Reagan County and five in Upton County. The average 30-day IP for the nine wells completed in 3Q15 with sufficient production history was 1,167 Boe/d-a new quarterly record for the Company-with an average completed lateral length of 6,962'. During 3Q15, Parsley drilled its first two-well pad-consisting of one Wolfcamp A well and one Wolfcamp B well in Reagan County with an average completed lateral…- ✓ Full news archive — U.S., Canada & international coverage
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