WildHorse Resource Development presents at EnerCom’s The Oil & Gas Conference®
WildHorse Resource Development Corporation (ticker: WRD) is an independent E&P company focused on the acquisition, exploration, development and production of oil, natural gas and NGL properties primarily in the Eagle Ford Shale and Austin Chalk in East Texas.
Q2 highlights
- Increased average daily production by 107% to 46.7 Mboe/d for the second quarter 2018 compared to 22.6 Mboe/d for the second quarter 2017
- Brought online 28 gross (26.2 net) Eagle Ford wells in the second quarter of 2018
- Crude oil realizations in the second quarter of 2018 were 100% of WTI as a result of low differentials and favorable Louisiana Light Sweet (“LLS”) pricing
- The Irene/Inez/Lero Eagle Ford wells, located in Brazos County and previously announced in first quarter 2018, reached their average final peak IP-30(1) of 788 Boe/d (89% oil) on an average 6,404’ lateral
- The JRG C 1H, an Austin Chalk well in southern Burleson County brought online at the end of the first quarter, reached a peak IP-30(1) of 747 Boe/d (43% natural gas, 45% NGLs and 12% oil) on a 5,843’ lateral
Breakout session at the EnerCom conference
During WildHorse’s breakout session at the 2018 EnerCom conference, management was asked the following questions:
- What are your current requirements for sand? Are you going to use your own mine exclusively or will you also look elsewhere?
- Are you drilling in Bass County?
- What are your expectations for trends in spacing?
- What are your thoughts on M&A prospects
You can listen to WildHorse’s presentation here.
