Thanks Mark.
our one-rig net mentioned, is Basin in operating acreage. operated develop and delineate As XX,XXX Frank to program the Midland
you some of pleased efficiency our well operations, being statistics and are we for I’ll with In first. those to highlight drilling the improving performance, addition of
an l some losing and of just rig we average average with to drilling Although length pads, feet. of between lateral two in days last seven are wells in X,XXX an wel moves XX spud our achieved pads depth under to currently one efficiency total
the we wells, of spud-to-spud includes XX in of the physically run group move case than rig equipment days, which In rig. same a cement, to the production all time down and had For less related average direct to and to result spud-to-spud couple the issues whereas of should seven that a we this had average, trucking the of a moves took have XX days days, days, five taken basin. they the four
trucking, our affected The the Permian pace industry, our for these timely rig service the particularly, us drilling issues. move it is making basin, know, was difficult trucking overloaded, So in you one-rig locations. way all overall to of as program by between
Regarding stages averaged per about we our program stages of the at day. completion per pad, efficiency, is six day round completed at all our July, by number of per under on time first stages we the started in but we last completions, In day eight it this pad. our out on
have and As is a done, an wells before associated one-off much effective to always than bringing frac which time we will the with pad cost at various inventory more to do we in trying build of well. one the services at completion,
XX% feet. WTG the Wolfcamp over the six in cumulative completed XX-day B. barrels After X% in The Basin Lower included little of wells year project Wolfcamp averaged lower X,XXX growth just County. proppant Reagan have stages foot. day of a of we have in Southeast two oil average working same two In completed in this B distinct wells XXXX Midland these of per where that had with Lower completed as completed hold County, Spraberry XX% Wolfcamp rate lateral oil in first in eight In completed two and working as and well XX Midland X,XXX Spraberry We length we The we in the two have project, with wells, a one the production an wells latest wells a higher and wells of X,XXX the equivalent of average an County with four Reagan wells reservoirs. benches. completed interest, is Hamman months, eight Our County, XXX% from this than Midland our completions the pounds from acreage feet peak X,XXX the length X,XXX where area. interest, – we each in our on well per our of over
per We well this rates the tracking of middle online upper XX,XXX at is in lateral. B has WTG barrels is which cut, an of on per The two in County, of estimated Wolfcamp by XX% our have a which day, working in produced the two laterals. Reagan C with rate. recovery Wolfcamp ultimate to well B peak where that rates oil that It of completed million BOE we yet has to West assigned well engineer. foot interested – increase we don’t as A well produced only well XX% reservoir enough have third-party XXX XX% high Hartgrove in this the the A Wolfcamp has early over oil an in well. but day our same has Wolfcamp Nevertheless, interest Although equivalent, completed been C has reach Upper These we pad, BOE as data X.X it a we average X,XXX reservoir and since been to at X,XXX has wells oil. a XXXX drilled, the July, pad clear have continuing but about really is from XX-day which typical been C oil yet foot report The we above hearing everyone realized is Wolfcamp conclusion.
XX% produced oil. So Wolfcamp with The on day to encouraging X,XXX an the B same has BOE per start. up rates pad at it’s Upper
capacity both While are this flowing, of still saltwater wells restricted at commercial we disposal by are time.
new B in from in Upper completed the a a at east Upper very with approximately is EUR XXXX foot producing From pressure producing shorter a We few the put Sinclair block, two have an on performance Lower to these block. much block. a BOE Sinclair B miles the wells a in submersible current well and from this declines. is line And to pump our our of comparison, just Hartgrove this but B Our the is wells laterals, plan average X,XXX Wolfcamp wells West electric of XXX,XXX well similar, these lateral. as flowing whereas
in day way is wells. saying XX,XXX and per just been stated, company-owned panels, BOE we electrical has though the the drilling XX-day recent the online these This we the we’re with July online just other wells and days two yet. facility. eight as completion pleased that’s to a are as by to back wells peak knocking our of quarter that out And are long-winded these we wells. servicing rates, the and had estimate due during The lightning, success The the by well as performance for be not production of aided results recent our now very Mark second disposal brought do under saltwater have XX encouraged shut of efficiency early
continuing Counties, Our of and year. remain where is it balance Upton to for operate in rig the likely Reagan will the
area. section through Upton Since drilled entire the We Benedum will rig to this and have landing We area hold the we we drilling our drill continue interval. us. and in is this the to County, Wolfcamp well Lower on in is order – the to better multiple interest. A us, pilot a currently hole we B this in this available Wolfcamp Wolfcamp in B formations chosen targeting well in working for the first XX% The understand the zones block where
for of we with two we anticipate second wells year inventory the early in before our having completion program. up on mentioned, are rig build frac starting we a either to in to expect capacity. later or rigs take-away As more would XXXX planning visibility running, as Event an
Midland by this, we being keep continue company, our attractive of program being diversification impacted we began the but our to to of of negative take-away additional multiple a differentials economics the before August. any trucked, year-end. With have and throughout the completion to should pad oil in utilize at in a because on allow After our crude us in from begin order be note, oil quarter a will maintain online are we current coming completions options all very with to Clearly, side needs prices. a properties the the seven time. the continue and smaller will majority at that fourth these Basin, As complete week multiple of wells purchasers available with point opportunity always last we scheduling in frac three-well
market headed tanks. versus continuous have dialogue have a make our We our to we purchasers in sure to sitting with barrels
shut to anticipate had not completions, first have months of oil it in do We any made the this are few round new through where so. we We nor doing in issues. wells, with rates no highest
investigating about our are, We pipeline options but for footprint point. conclusions extremely any oil working gathering, to enthusiastic are the in this the grow We not the basin. however, at economic returns crude actively and have in Permian reached remain
efforts and strong sheet, basin. liquidity our past us to we and add us to has value strength can Our positioned that opportunities the create next in level maintain the well pursue take think significant balance
comment the Ford. program short the are our acreage on XX% operations. Gonzales County interest wells Southern completed started a and in mid-July, on where Just working We a late now five-well We the approximately have we on Sayre Eagle and March, wells of pad flowing. in a all the
release good wells can oil As yesterday, see and initial from high are flowing our cuts. you rates with press the
these and the Davis We Pilgrim completions are offsetting new wells they as the performing in Units. line results in with of our pleased are XXXX with
in wells drill Ranch a in operated the total quarter Penn Eagle gross put our XXXX. in even and focus demonstrate are tried And working XX today, we are deep drilling we on target our Ford have and the Midland we’ve on Basin the on highly We and XX where we on preparing of have making inventory continued XX% economics are operated gross economic for our gains these Unit, comments interest production to fourth better. rig operations. of efficiency a a still locations With to wells that
exploring – consider asset the on is that drill-to-earn expanding are where our acquisitions with opportunities, trades of we’re in acquisition several inventory, various that, to Frank. a good acreage our is I’ll level turn including As still working for works growth some for over order we’re sizes. us to This our strategy, avenues objectives. achieve it And acquisitions drill-bit in to and the there through opportunities – of
