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SandRidge Energy, Inc. Message Board

  • goldmanthieves goldmanthieves Aug 6, 2013 4:26 PM Flag

    Mississippian assets produced 47.3 MBoe per day during the second quarter (50% oil).

    That's what I was hoping for!

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    • rosebowl@rocketmail.com rosebowl Aug 6, 2013 4:37 PM Flag

      The key takeaway is the increase of Missip oil percentage from 45% (in previous announcements) to 50%.
      That's a whopping 10% increase. Outstanding!

      • 1 Reply to rosebowl
      • That and the IP rates are up, even though they are drilling 2x1 OK vs KS. From the Feb presentation, they drilled 4x1 OK vs KS and avg 30 day IP was 337. Concentrating on better acreage is a good call. Plenty of sites, and I like the urgency shown by new mgmt to get it to completion, rather than just keep the gravy train of high salary going on forever.

        "Brought on 111 Mississippian Wells with an Average 30-day IP of 377 Boe per Day during the Second Quarter"

    • PRODUCTION & GUIDANCE
      - Mississippian Production Averaged 47.3 MBoe/D (50% oil)
      - Increasing 2013 Mississippian Production Guidance by 4% to 16.8 MMBoe and Total Company Production Guidance by 2% to 33.3 MMBoe
      - Brought on 111 Mississippian Wells with an Average 30-day IP of 377 Boe per Day during Q2
      - Completed 6 Q2 Mississippian wells with 30-day IPs 1,000 Boe per day within Alfalfa and Grant counties
      - Gulf of Mexico and Gulf Coast assets produced 28.7 MBoe per day during the quarter (53% oil).
      - Stacked pay testing program continued to yield encouraging results during Q2 - 5 Mississippian wells testing new zones in areas of existing production delivered an average 30-day IP of 255 Boe per day, 8 Mississippian wells drilled in the middle zone delivered an average 30-day IP of 708 Boe per day, and identified upper zone development potential

      COSTS
      Average Mississippian Well Cost decreased from $3.1 to $2.95 Million

    • Best part is that the more they drill...the better they will get in identifying most productive areas. And every few days they will have more wells producing which will drive earnings higher. The Miss is being proven to be the real thing. Good Luck

    • Ya Baby!!
      The report was even BETTER than I could have hoped for!!
      $6.00,.. Tomorrow,.. UP grades a comin'!!!

 
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