Post Tagged with: "3rd Bone Spring"

Permian News: Lilis Energy Delineating Bench that is Shallower with Lower Drilling Costs 

Permian News: Lilis Energy Delineating Bench that is Shallower with Lower Drilling Costs 

Lilis’s Tiger #3H IP-24s above 1,800 BOEPD in 3rd Bone Spring Permian-focused Lilis Energy (stock ticker: LLEX) said its Tiger #3H well has reached the 24-hour initial production rate of 1,821 BOEPD. Tiger #3H – 3rd Bone Spring Highlights: IP 24 rate of 1,821 BOEPD, including 801 BOPD (63% liquids, 44% oil), on a three-stream basis, equivalent to 239 BOEPD per 1,000 ft. The Tiger #3H was completed as a 7,634 ft. lateral with 38 stages using 200 ft. plug-to-plug spacing and approximately 1,847 lbs. of sand per foot Lilis’ second 3rd Bone Spring well highlights another economic zone within Lilis’ core acreage Decreased D&C cost for Bone Spring wells relative to Wolfcamp wells – The Bone Spring is a shallower target and requ… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password