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SandRidge's Niobrara Spacing Tests Boost Results; Talks Latest STACK/Niobrara IPs
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SandRidge Energy reported its Q2 2018 results.
Niobrara North Park - Spacing Tests Boosts ResultsDuring the first quarter, the Company laid out plans to drill two spacing tests located on the eastern and western sides of the field.
The eastern area test utilizes a twelve wells per section spacing pattern. The first two XRLs of the test, the Castle 5-17H20 and Castle 6-17H20, were announced earlier this year with an average 30-Day IP of 1,109 Boepd (91% oil), 132% of type curve. Four additional XRLs, targeting B, C and D benches, went to sales subsequent to the second quarter with initial oil production rates averaging 1,327 Bopd, 175% of type curve, all with less than thirty days of production.The two remaining wells in the eastern area spacing test are undergoing completion…
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