From the press release (transcribed; some rounding):
- net income: $243 million; $0.65 per diluted share
- adjusted net income: $273 million; $0.73 per diluted share
- free cash flow, annual target maintained: $800 - $900 million
- production guidance for 2018 raised to 300,000 boepd, or 24% y/y growth
- exit rate guidance increased to 325,000 boepd, up 10,000 boepd fro prior guidance
- capital expenditures guidance increased from $2.3 billion to $2.7 billion
- mentions the $220 million Franco-Nevada deal reported yesterday
- average daily production 2Q18 up 26% y/y to 284,000 boepd
- production expenses for 2Q18 improved 13% y/y to $3.49 per boe
- record results and type curve uplifted to 1.2 million boe per well
- initial production, for 35 wells: 2,282 boepd day average 24-hour IP flow rate
- first company Bakken well to achieve 30-day rate over 3,000 boepd
See first comment. The reader was referring to the well at this post.
That record well was the Mountain Gap well you reported on previously in Dunn. What a well!
ReplyDeleteThank you for the reminder. I need to update this post:
Deletehttps://themilliondollarway.blogspot.com/2018/06/mountain-gap-its-getting-exciting-in.html.
And the big news: there is nothing to suggest that there won't be more wells like this. The operators continue to learn more about the Bakken, and wells across the board are improving.