SEA sundance energy australia limited
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News: SEA Sundance Energy Australia announces re-fracturing partnership with Schlumberger

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    28/07/16
    09:50
    Post #: 18385095

    July 28 (Reuters) - Sundance Energy Australia Ltd (SEA) :

    • Re-fracturing partnership with Schlumberger (SEA)
    • Has entered a strategic alliance with Schlumberger Limited
    • Deal to re-fracture at least 5 Eagle Ford wells in mcmullen county, Texas starting in the third quarter of 2016
    • Schlumberger will be paid for re-fracs from production generated by re-fracs above current production forecast of the wells
    • Re-fracs are expected to generate a 5-6x initial production uplift for each well and a 40- 50% increase in estimated ultimate recoverable reserves
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