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Permian E&P's Rig Program Unchanged; 9 Rigs, 3 Completion Crews
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Endeavor Energy Resources announces operating results and updated plans for its Permian operations.
Endeavor is keeping its program steady even though other Permian players of its size has been busy cutting rigs. The company has kept it drilling and completion program steady (9 rigs and 3 frac/completion crews). As a result of this steady program the company has been growing production in leaps and bounds. +60% year over year, and +18% sequential.
Q2 Highlights: Average daily net production of approximately 111.8 MBoe per day (73% oil) for 2Q an increase of 60% year over year and 18% increase sequentially and Placed on production 38 gross operated horizontal wells during the three months ended June 30, 2019, achieving an average 30-day IP rate of over 1,141 Boepd (78% oil). Lease opera…- ✓ Full news archive — U.S., Canada & international coverage
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