Quarterly / Earnings Reports | First Quarter (1Q) Update | IP Rates-30-Day | Initial Production Rates | Drilling Activity | Drilling Program-Rig Count
Silverbow Drills Largest Pad to Date in Q1; Plans to Add Rig, Ramp Up Drilling in 2H
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Silverbow Resources reported its Q1 2018 results.
Highlights:
- Q1 2018 production of 161 Mmcfe/d (down -9% from 4Q17 and up +18% YOY)
- Spud ten gross (eight net) wells while completing six gross (four net) wells in Q1
- On track to drill 32 and complete 26 net wells with the majority of the completions occurring in the second half of the year given the nature of pad drilling and the ramp up time associated with the addition of the second rig.
Largest Well Pad Drilled to Date
Completed six well pad in Fasken (three Lower Eagle Ford and three Upper Eagle Ford) during the first quarter, the largest pad developed by the Company to date. This six well pad averaged nearly 65 Mmcfe/d for first 30 days of production with an all-in development cost of approximately $30 million.
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