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Over at SeekingAlpha, Richard Zeits has an update on SandRidge:
- Based on a fresh batch of operating data, SandRidge has continued to post strong initial well results in the Mississippian play in Oklahoma during April and May
- The percentage of under-performing wells has declined
- I estimate the company’s Mid-Continent oil production to increase by at least 20% sequentially during Q2, assuming ~100 new well connections
- SandRidge has also turned to sales three Chester wells in Woods County. Initial test rates were underwhelming
- An Oswego test drilled in Alfalfa County disappointed
On the other hand, these wells disappointed, but look at the small amount of proppant used:
In May, SandRidge brought online three Chester test wells in Woods County:
- The Hoffman R 2820 #2-31H had a short lateral (~2,300 feet) and tested with a somewhat disappointing IP rate of 88 barrels of oil and 0.1 million cubic feet of gas per day. The well had a perforated completion and was fracture stimulated with 450,000 pounds of proppant.
- The Bliss Family 2820 #1-21H also had a short lateral (~1,500 feet) and tested with a similar IP rate of 75 barrels of oil and 0.25 MMcf of natural gas per day. The well was stimulated with 375,000 pounds of proppant.
- < The Ragan 2820 #1-22H had a "normal" lateral length (~4,300 feet) and tested with a modest IP rate of 182 barrels of oil and 0.2 MMcf of natural gas per day. The well was treated with 750,000 pounds of proppant.
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