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Yangarra Doubles Production to 5,705 BOED; Reports on 2H Drilling Program

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Yangarra Doubles Production to 5,705 BOED; Reports on 2H Drilling Program

Yangarra released its 2Q results. Highlights include:

Daily production averaged 5,705 boe/d (54% liquids) in 2Q, more than double the production from 2Q 2016 Daily oil production was 2,281 bbls/d, a 260% increase from the 633 bbls/d produced in 2Q 2016 Daily natural gas production was 15,586 mcf/d, a 53.9% increase from the 10,127 mcf/d produced in 2Q 2016 Total capital expenditure was $7.9 million

Yangarra has added 110 Cardium locations so far in 2017. 

Yangarra reported on early results of the 2H 2017 drilling program. As of the release of its quarterly results, the company drilled two 2-mile laterals and is expecting to drill a third shortly following. The first well was completed with 128 stages and 2,300 tons of sand. The second, scheduled for completion on August 9, will be…

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