Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports | Second Quarter (2Q) Update
QEP Targets the Permian Atokaberry, Wolfcamp Formations in 2Q
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QEP Resources Inc. has reported a second quarter 2014 update on its Permian Basin operations.
QEP Energy closed the previously announced Permian Basin acquisition on February 25, 2014 and assumed field-level operations on April 1, 2014. Daily production during the second quarter 2014 averaged 7.7 Mboed (78% liquids). In the second quarter, QEP Energy completed and turned 14 gross wells to sales including one horizontal Wolfcamp B well with a maximum daily production rate of 833 Boed and a maximum average 30-day production rate of 637 Boed.
At end of second quarter, QEP Energy had seven operated rigs in the Permian Basin; five drilling vertical Atokaberry wells and two drilling horizontal targets in the Wolfcamp B and D sections. QEP Energy had six gross operated wells waiting on…
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