Athlon Energy Provides Operational Update
September 02 2014 - 4:19PM
Business Wire
Athlon Energy (NYSE: ATHL) (“Athlon” or the “Company”) today
provided an operational update.
Athlon’s Howard County horizontal well, Tubb 39 #5H (100% WI)
was successfully drilled and completed using a 30-stage hybrid
fracture stimulation over a perforated lateral length of 6,705 ft.
in the Wolfcamp A zone. The well flowed naturally prior to
installing artificial lift and achieved a peak 3-phase 24-hour IP
rate of 2,351 BOE/D (77% oil) and a peak 3-phase 30-day rate of
1,594 BOE/D (73% oil). The production rate on the Tubb 39 #5H is
currently tracking well above Athlon’s previously disclosed Howard
County horizontal Wolfcamp type curve EUR of 625 MBOE for a ~7,500
ft. lateral. Additionally, the Tubb 39 #5H is performing similar to
Athlon’s second Howard County well, the Williams 17 #3H, with
approximately 1,000 ft. less lateral length and the Company
believes it represents the highest normalized 30-day initial
production rate of any reported horizontal Wolfcamp well on the
east-side of the Basin.
Athlon’s Midland County horizontal well, Davidson 37B #8H (100%
WI) was successfully drilled and completed using a 30-stage hybrid
fracture stimulation over a perforated lateral length of 7,744 ft.
in the Wolfcamp B zone. The well achieved a peak 3-phase 24-hour IP
rate of 2,425 BOE/D (76% oil) and a peak 3-phase 30-day rate of
1,680 BOE/D (74% oil). Both the production rate and percentage oil
on the Davidson 37B #8H are currently tracking above Athlon’s
previously increased Midland “Pegasus” horizontal Wolfcamp type
curve EUR of 880 MBOE (68% oil) for a ~7,500 ft. lateral.
Athlon’s first Lower Spraberry well was completed in Martin
County. The Dorothy Faye K #2H (100% WI) was completed using a
32-stage hybrid fracture stimulation over a perforated lateral
length of 7,922 ft. The well achieved a peak 3-phase 24-hour IP
rate of 1,279 BOE/D (73% oil) and a peak 3-phase 30-day rate of
1,076 BOE/D (74% oil). The Company believes the normalized 30-day
initial production rate compares very favorably with other reported
Lower Spraberry horizontal wells on the west-side of the Basin.
Barclays CEO Energy/Power Conference
Bob Reeves, Athlon’s Chairman, President, and CEO, will present
at the Barclays CEO Energy/Power Conference in New York on
Thursday, September 4, 2014 at 11:05 a.m. Eastern.
An updated investor presentation has been posted in the investor
relations section of the Company’s website at
www.athlonenergy.com.
A link to the live webcast of the presentation will also be
available in the investor relations section of the Company’s
website and archived there for approximately 30 days.
About Athlon Energy
Athlon Energy is an independent exploration and production
company focused on the acquisition, development, and exploitation
of unconventional oil and liquids-rich natural gas reserves in the
Permian Basin.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements contained in this press release constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These
forward-looking statements, including those with respect to
Athlon’s drilling plan and ultimate resource potential, represent
Athlon’s expectations or beliefs concerning future events, and it
is possible that the results described in this press release will
not be achieved. These forward-looking statements are
subject to risks, uncertainties, and other factors, many of which
are outside of Athlon’s control, which could cause actual results
to differ materially from the results discussed in the
forward-looking statements.
Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, Athlon does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise. New factors emerge from time to time, and it
is not possible for Athlon to predict all such factors. When
considering these forward-looking statements, you should keep in
mind the risk factors and other cautionary statements in Athlon’s
filings with the United States Securities and Exchange
Commission. The risk factors and other factors noted in
Athlon’s filings could cause Athlon’s actual results to differ
materially from those contained in any forward-looking
statement.
Athlon EnergyWilliam Butler, 817-984-8220Chief Financial
OfficerInvestorRelations@athlonenergy.comorErnesto Alegria,
817-984-8236Investor Relationsealegria@athlonenergy.com