Well Lateral Length | Top Story | Quarterly / Earnings Reports | Production | Proppant | Second Quarter (2Q) Update | IP Rates-24 Hour | Initial Production Rates | Financial Results | Capital Markets
PetroQuest Ups Production +5% to 6.3 Bcfe in Q2; More Proppant for Cotton Valley Wells
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PetroQuest reported its Q2 2017 results. Highlights include:
- Production for the second quarter of 2017 was 6.3 Bcfe, compared to 6.0 Bcfe for the comparable period of 2016
Cotton Valley Drilling - More Proppant
The Company recently commenced completion operations on a two well pad (PQ #26 & #27 - average WI: 76%) in the northern area of its Cotton Valley JV. These two wells have an average lateral length of approximately 6,600 feet and are being completed utilizing higher proppant concentrations (average ~1,150 lbs/lateral foot) similar to the Company's recent record PQ#25 well (IP-24 hour gross rate - 18.3 MMcfe/d). In addition, the Company is nearing total depth on its PQ #28 well (WI: 75%), a 5,000 foot lateral, and expects to commence completion operations in approximately 4-5 weeks.
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