Well Cost | Well Lateral Length | Top Story | Quarterly / Earnings Reports | Production | First Quarter (1Q) Update | Drilling Activity | Well EUR
Pioneer Touts 900 MBOE EUR at Jo Mill Pad; Increasing Laterals 47% to 10,000'
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Pioneer reported its Q1 2017 results and highlights from the release / conference call include:
increasing the northern Spraberry/Wolfcamp horizontal rig count from 17 rigs to 18 rigs during the first quarter - of these, 14 rigs are in the northern area and four rigs are in the southern Wolfcamp joint venture areaCompletion optimization: Pioneer completed 38 Permian wells in Q1 and all used new "3.0 design"
Over 20% more proppant YOY at 1,700 lbs/foot (up from 1,400) 15-foot cluster spacing (down -50% YOY)Strong results at Jo Mill project - increased lateral length:
Pioneer has been tracking the performance of five Jo Mill wells that were placed on production over the past two years in the Spraberry/Wolfcamp. The wells had an average EUR of 900 MBOE for a 6,800-feet average…
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