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Resolute's Permian Output Jumps 75% as Drilling Results Exceed 3,000 BOEPD
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Resolute Energy reported its Q3 2016 results.
Key Points:2017 Outlook:
Two-rig program Drill 22 gross (20.8 net) wells Expect that this program will result in substantially all of our Delaware Basin acreage being held by production by the end of the yearQ3 Well / Production Results:
Production from our Permian Basin properties averaged 9,834 BOEPD (+75% over average second quarter production). The South Goat well, a long lateral (10,000 foot) in our Appaloosa project area has established a peak 24-hour rate of 3,336 Boe per day and a peak 30-day rate of 3,107 Boe per day. Operations UpdateAverage daily production for the quarter increased 36 percent to 16,085 barrels of oil equivalent in Q3. Production from our Permian Basin properties averaged 9,834 Boe per day, an…
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