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SRC Reports 'Significant Operational Challenges' in Q2; Output Up 65% YOY
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SRC Energy has reported its preliminary Q2 2018 results.
Lynn A. Peterson, Chairman and CEO of SRC Energy Inc. commented on the 'challenging' quarter: "While this was a challenging quarter, we see light at the end of the tunnel and are excited for the balance of the year. We anticipate relief from high line pressures as compression has been added in coordination with that initial commissioning. During the second quarter, our team managed through significant operational challenges, and I'm very proud of what was accomplished under difficult circumstances."
Well results, including ones that were subject to high line pressure, are detailed below.
Highlights:- Production of 47.6 MBOEPD (up +65% YOY and up +5% from 1Q18) - see table below
Drilling Activity - High Line PressureDuring 2Q18,
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