EV Energy Partners, L.P. (EVEP) and EnerVest Announce Initial Production Results for Second Well in Utica Shale
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EV Energy Partners, L.P. (NASDAQ: EVEP) and EnerVest, Ltd., announced initial production results for a second well in the Utica Shale and provided an update on the Frank 2H well.
The Cairns 5H well, located in Carroll County, Ohio, near the border with Tuscarawas County, flow tested at a 24-hour rate of 1,690 barrels of oil equivalent per day. The production mix was 729 barrels of 52-degree API condensate per day, 2.2 MMCF of natural gas per day and 587 barrels of natural gas liquids per day... EVEP owns an approximate 43% working interest in the well, and an affiliate of EnerVest owns an approximate 50% working interest in the well.
Following shut-in to install artificial lift equipment, the Frank 2H well in Stark County, Ohio, produced into sales at an unassisted 24-hour rate of 870 barrels of oil equivalent per day. The production mix was 360 barrels of 47-degree API oil per day, 1.2 MMCF of natural gas per day and 312 barrels of natural gas liquids per day. This assumes processing of the wet gas flow stream with corresponding natural gas shrink and natural gas liquids yields. The Company anticipates activating the artificial lift within the next few weeks. EVEP owns an approximate 35% working interest in the well, and an affiliate of EnerVest owns an approximate 40% working interest in the well.
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The Cairns 5H well, located in Carroll County, Ohio, near the border with Tuscarawas County, flow tested at a 24-hour rate of 1,690 barrels of oil equivalent per day. The production mix was 729 barrels of 52-degree API condensate per day, 2.2 MMCF of natural gas per day and 587 barrels of natural gas liquids per day... EVEP owns an approximate 43% working interest in the well, and an affiliate of EnerVest owns an approximate 50% working interest in the well.
Following shut-in to install artificial lift equipment, the Frank 2H well in Stark County, Ohio, produced into sales at an unassisted 24-hour rate of 870 barrels of oil equivalent per day. The production mix was 360 barrels of 47-degree API oil per day, 1.2 MMCF of natural gas per day and 312 barrels of natural gas liquids per day. This assumes processing of the wet gas flow stream with corresponding natural gas shrink and natural gas liquids yields. The Company anticipates activating the artificial lift within the next few weeks. EVEP owns an approximate 35% working interest in the well, and an affiliate of EnerVest owns an approximate 40% working interest in the well.
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