Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports | Second Quarter (2Q) Update
SandRidge Touts Woodford Ops; Sees Challenges in the Permian
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SandRidge Energy, Inc. has reported financial and operational results for the quarter ended June 30, 2014.
Highlights:
Mid-Continent production grew 11% to 56.3 MBoe per day in the second quarter and 19% year-over-year. Pro forma company production grew to 69.8 MBoe per day, an 8% quarter-over-quarter growth. 122 Q2 Mid-Continent laterals had an average 30-day IP of 412 Boe per day (30% above type curve). Delivered seven laterals with 30-day IPs over 1,000 Boe per day during the quarter across four counties. Strong Chester performance from nine wells delivered an average 30-day IP of 365 Boe per day (69% oil). A three rig program is planned through the remainder of 2014. Achieved record low Mid-Continent average lateral cost of $2.85 million and LOE of $6.69 per Boe during the second…- ✓ Full news archive — U.S., Canada & international coverage
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