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Average daily production for this core area in the first quarter of 2016 was approximately 11,000 BOE per day (77% oil and natural gas liquids). Production in the Sooner Trend was up 43% and 15% as compared to the first and fourth quarters of 2015, respectively. During the first quarter of 2016, production from several wells was either curtailed or shut-in while awaiting connection to midstream infrastructure which is currently under construction or commissioning. The midstream facility is expected to commence operations in late May 2016. The Company estimates the impact of these limitations during the first quarter was 15% to 20% of the Company's total production. Weeks Island Area, Louisiana: Alta Mesas assets in this area are comprised of the Weeks Island field, located in Iberia Parish and the Cote Blanche Island field in St. Mary Parish. Each of these is a historically-prolific oil field with multiple stacked pay zones that are structurally and stratigraphically trapped around a piercement salt dome, which the Company believes offer significant future opportunities for added production and reserves. During 2016 Alta Mesa will be focusing on maintaining production in this area through more efficient lifting operations and workovers. Average daily production for the first quarter of 2016 was approximately 4,100 BOE per day, of which 93% was oil.
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Oil Boom In 2016: Exports Or Bankruptcies? Know your employer's open enrolment period. Time Warner Cable said it added 32,000 video subscribers for the ... Fred Mogul/WNYC hide caption toggle caption Fred Mogul/WNYC Euro zone Inflation Got Stuck At 0.2% In December U.S. The shares sometimes rise ahead of new or ... All Rights Reserved. John M. “The basic message is open enrolment is... 2. Disclaimer » CNN strongly recommends that you seek advice from a qualified investment advisor before making any investment decision. Sanofi Ends Marketing Deal With Developer of Inhaled Insulin The insulin, called Afrezza, has had poor sales since being approved by the Food and Drug Administration in 2014.