Well Cost | Well Lateral Length | Quarterly / Earnings Reports | Production | Third Quarter (3Q) Update | IP Rates-24 Hour | Initial Production Rates
SM Touts Permian Well Results as Output Jumps 118%; Improves Eagle Ford Drill Costs
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SM Energy reported its Q3 2017 results. Highlights from its release / call include:
Q3 production totaled 10.7 MMBoe (Permian production up 31% sequentially, and up 118% since 4Q16) RockStar favorable new well results: three pads (eight wells) average peak 30-day IP rates of 1,191 Boe/d, 1,453 Boe/d and 1,333 Boe/d per well on each pad In the Eagle Ford, SM has improved drillings costs ~30% since 2015 despite drilling longer laterals and using more proppant in its completions. Midland Basin ActivitySM touted results from its RockStar and Sweetie Peck projects in the Midland Basin.
Herb Vogel, SM's EVP of Operations, talked about how the strong well results boosted its Permian production in Q3: "We're currently operating seven rigs, and as I mentioned earlier, just contracted in…
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