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Parsley's New Spacing Pilot Ups Drilling Inventory; Larger Frac
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Parsley Energy reported its Q3 2016 results, including updates to its well spacing, a 60% larger frac and its first three-well stacked lateral pad results.
Key Points:Q3 Well Stats:
Optimizing Spacing - Increasing Inventory
Targeting 200' to 250' vertical separation 2017 Tests will target Wolfcamp ALarger Frac - 60% More Sand
First Three-Well Stacked Lateral Well Pad
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Highlights: Net production averaged 43.0 MBoe per day, up 20% versus 2Q16 and 99% year-over-year. Net oil production increased 24% versus 2Q16 and 131% year-over-year, with oil volumes representing 67% of total production in 3Q16. The Company is increasing full-year 2016 production guidance from 36.0-38.0 MBoe per day to 37.0-39.0 MBoe per day. Parsley is adding 550 gross / 450 net horizontal…- ✓ Full news archive — U.S., Canada & international coverage
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