Petrohawk are very pleased with Dilworth 1H. I just listed to...

Petrohawk are very pleased with Dilworth 1H. I just listed to the quarterly update.

This was one of 2 wells on a new frac design (the other well is Heim).

It's running on a 16/64 choke (restricted) and was fracced on November 22nd.

Initial production was 773 bopd, 4.2mcpd, month one average was around 675bopd, and currently produces at 510bopd.

In two months Dilworth 1H has produced over 46000 barrels of condensate.

To put it in perspective it took DH457 3 months to produce over 42000 barrels.

Petrohawk have made upward revisions of their EUR as a result.

Average well costs are 7.5M in the Hawkville area. Payback will be quick should the declines flatten. Might even show up on the next AZZ quarterly as ca$h.

All of this can be listened to on the HK quarterly update by dialing (US charges apply) +1 8882031112 and dial the pin code 2576533. Recording is active until Feb 8th. Minute 11 covers Dilworth.

-----
DYOR and not investment advice