Exploration & Production | Top Story | Quarterly / Earnings Reports
SandRidge Hones in On Mississippian in Q2; Grows Production 20%
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SandRidge Energy, Inc. reported an update on the execution of its 2013.
Highlights: Mississippian Production Averaged 47.3 MBoe per Day in the Second Quarter, a 20% Increase from the Previous Quarter Brought on 111 Mississippian Wells with an Average 30-day IP of 377 Boe per Day during the Second Quarter Decreased the Quarterly Average Mississippian Well Cost from $3.1 to $2.95 Million Increasing 2013 Mississippian Production Guidance by 4% to 16.8 MMBoe and Total Company Production Guidance by 2% to 33.3 MMBoeJames Bennett, SandRidge's Chief Executive Officer and President, commented, "In May the company announced changes to its 2013 development plan to reduce and high grade its capital expenditures, lower costs and maximize returns. We have concentrated our Mississippian drilling in…
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