DENVER, Aug 1 (Bernama-GLOBE NEWSWIRE) -- Sundance Energy Australia
Limited (ASX:SEA) (“Sundance” or the “Company”), a U.S. onshore oil and
gas exploration and production company focused in the Eagle Ford and
Greater Anadarko Basin, is pleased to announce that it has entered into a
strategic alliance with Schlumberger Limited (“Schlumberger”) to
re-fracture (“re-frac”) at least 5 Eagle Ford wells in McMullen County,
Texas starting in the third quarter of 2016.
Under the terms of the agreement, Schlumberger will be paid for the re-fracs from production generated by the re-fracs above the current production forecast of the wells. The 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.
http://mrem.bernama.com/viewsm.php?idm=27241
Under the terms of the agreement, Schlumberger will be paid for the re-fracs from production generated by the re-fracs above the current production forecast of the wells. The 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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