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Monday, November 04, 2013 9:58:22 PM
The Hutt C #4H in Midland County produced at a 24-hour IP rate of 2,128boe/d, but the 30-day average rate of 856boe/d (69% oil) was just 40% of the well's 24-hour IP. The Scharbauer Ranch #201H in Martin County displayed a similar decline trajectory. PXD's third Wolfcamp D well produced at a 24-hour IP rate of 3,156boe/d (69% oil), which is the highest IP rate from a horizontal well in the Midland Basin, although we do not have any longer-term production data on this well yet.
Wolfcamp D results from other operators show much less of a decrease in 30 day averages relative to the peak 24-hour rates and many of these wells had a higher 30 day average than PXD's wells despite much lower 24-hour IP rates. Although PXD's Wolfcamp D wells are up to 50 miles West of the other activity. PXD's Wolfcamp A and B wells drilled in Martin and Midland Counties showed much more robust 30-day rates relative to PXD's Wolfcamp D wells in this area.
Purely my own opinion. Do your Due Diligence.
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