IP-25: 1,700 boepd (80% light oil) 9 Oct 2014 12:16
The majors like OXY, CXO, PXD and XEC do NOT experience such amazingly strong results. See Concho (CXO) presentation, because CXO has the best acreage in the Delaware Basin. CXO's IP-30 is approximately 800-900 boepd.
Broadcaster Property, Lea County, New Mexico: As previously announced, the Broadcaster 29 Fed #3H horizontal 3rd Bone Spring well (the "29-3H well") produced at a 24 hour gross rate of 2,621 barrels (bbls) of oil equivalent, which is comprised of 2,062 bbls of oil and 3.36 million cubic feet of natural gas, on September 16, 2014.
The gross 24 hour peak rate occurred on September 17, 2014, and was 2,830 bbls of oil equivalent, which is comprised of 2,345 bbls of oil and 2.91 million cubic feet of natural gas. The well was producing on a 46/64ths adjustable choke at 1,520 pounds per square inch flowing casing pressure.
The well has since produced at a 25 day average gross rate of 1,696 bbls of oil equivalent, which is comprised of 1,364 bbls of oil and 1.99 million cubic feet of natural gas. This remains a very strong well. Caza currently has a 25% working interest (approximate 17.63% net revenue interest) in the 29-3H well and the Broadcaster Property.