It seems to be an awful lot of water and out of character with Approach results and the Pioneer production graph with an average of 5 wells north of us ( page 39 of their October Permian presentation)
Eagle oil and gas had a water bearing zones in different sections of the Wolfcamp in the Delaware section of the Permian. (2012 presentation)
Plugging Water-Bearing Zones Improves Profits Pistola #1 Case History ?? Eagle’s 2nd Wolfbone completion ?? Well initially flowed >1,000 bblw/d ?? Leveled out ~150 bblw/d ?? Re-entered wellbore and cement squeezed Middle Wolfcamp Sands C&D ?? Re-completed Middle and Upper Wolfcamp shales and 3rd Bone Spring Sands ?? Well IP’d > 450 bopd following intervention
MPO Price at posting:
58.0¢ Sentiment: Hold Disclosure: Held