Gulfport Energy Corp. (NASDAQ: GPOR) on June 21 released 'encouraging' initial results from the Oklahoma City-based company's first operated Scoop wells from the Vinson pad.
Gulfport's Vinson 2-22X27H produced at an average 30-day peak production rate of 15.7 million cubic feet equivalent per day (MMcfe/d) and the Vinson 3R-22X27H's average 30-day peak production rate was 18.7 MMcfe/d, according to the company's press release.
The Vinson 2-22X27H and Vinson 3R-22X27H are located in the Woodford Shale wet gas window in southern Grady County, Okla. Both wells were completed earlier in the second quarter using an enhanced completion design of about 180-ft stage lengths and roughly 2,400 pounds per ft of proppant loading, according to Gulfport's June investor presentation.
Tudor, Pickering, Holt & Co. (TPH) said the initial results of Gulfport's first two operated Vinson Scoop wells is "encouraging."
"It is still very early in the life of the well, so we would caution against drawing any conclusions as we await for longer-term production data," TPH said in a June 22 report.
Following 30 days of production, the Vinson 2-22X27H had cumulatively produced 418.4 million cubic feet (MMcf) of natural gas and 1,382 (bbl) of oil and the Vinson 3R-22X27H had cumulatively produced 498.8 MMcf of natural gas and 1,552 barrels of oil.
Based upon the composition analysis, the gas being produced from the Vinson pad is 1,118 British thermal units gas and yielding 35.7 bbl of NGL per MMcf of natural gas and results in a natural gas shrink of 11%, the release said.
On a three-stream basis, the Vinson 2-22X27H's average 30-day peak rate comprised about 79% natural gas, 19% NGL and 2% oil. The Vinson 3R-22X27H's average 30-day peak rate comprised about 79% natural gas, 19% NGL and 2% oil.
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