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Spartan Drills 19 Wells in Q2; Three Rigs Running
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Spartan Energy reported its Q2 2017 results. Highlights include:
Slight Production Guidance Increase: Spartan is increasing our 2017 annual production guidance to 21,600 boe/d from 21,080 boe/d, representing annual production per share growth of 14%.
We are maintaining our 2017 drilling and maintenance capital budget of $145 million
Drilled 19 (16.7 net) development wells in the second quarter and brought 23 (20.9 net) wells on production, including 13.3 net wells drilled in the first quarter
Continue to operate three rigs in southeast Saskatchewan drilling open-hole and frac Midale wells.
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