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Rex Tweaks Utica Completion Design in Q4; 2,600 Lbs/Foot Proppant Load
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Rex Energy detailed its Q4 2016 results.
Highlights: Improved well design in Warrior North results in increased EURs and rate of returnsThe Vaughn wells were drilled to an average lateral length of approximately 7,200 feet (comparable) and completed in an average of 37 stages (down from 41) with average sand concentrations of 2,600 pounds per foot.
In Warrior North, placed four-well Vaughn pad into sales; 5-day average sales rate per well of 1.5 Mboe/d and 65% liquids Liquids production accounted for 44% of total commodity revenues for the fourth quarter of 2016 Realized C3+ NGL pricing for fourth quarter of 2016 was 56% of WTI before hedging Increased 2017 realized C3+ NGL pricing, before hedging, to 50% - 55% of WTI oil prices Production from continuing operations for the fourth…- ✓ Full news archive — U.S., Canada & international coverage
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