Well Lateral Length | Quarterly / Earnings Reports | Production | Third Quarter (3Q) Update | Key Wells | IP Rates-30-Day | Initial Production Rates
WPX Gets Oilier in Q3; Touts 4,221 BOEPD Delaware Wolfcamp Well
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WPX reported its Q3 2017 results. Highlights include:
Current oil production averaging 75,000 bbl/d (67% higher than 3Q 2016). As a result, WPX has increased its full-year expectations for oil volumes to 59-62 Mbbl/d. Delaware Well Results:Six-well Lindsay 10-15 pad has posted strong results from the Wolfcamp A formation, with three of the five 1.5-mile laterals hitting 24-hour highs exceeding 4,000 Boe/d (52% oil). The highest of the three hit 4,221 Boe/d.
Adding Frac Crew in 2018 Williston Type Curves ImprovedIn the Williston Basin, WPX is now recognizing a blended type curve of 1,000 Mboe for its wells in the Middle Bakken and Three Forks formations. This represents an increase of 18 percent vs. the previous estimate in 2016 and is more than 60 percent higher than two years ago.
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