Exploration & Production | Quarterly / Earnings Reports
W&T Offshore Permian Basin Drilling Update
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We are continuing our current two rig drilling program at Yellow Rose and have completed 14 wells (three horizontal wells and 11 vertical wells) during the first quarter. Four additional wells have been completed since the end of the quarter. Current production at Yellow Rose is approximately 3,775 net Boe per day. The current production rates are being somewhat impacted by flaring due to third party pipeline pressure issues, which we are working to resolve.
Our initial 40 acre down-spacing tests were successful and will lead to additional reserve bookings and we could test 20 acre down-spacing later this year. We also believe the field holds the potential for several hundred horizontal wells between the upper Wolfcamp and additional benches. Our recent vertical wells…
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