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MCS - Roan reduces drilling & completion costs, lowers capex - September 11, 2019
Roan Resources made strides in capital efficiency during Q2. The company drove drilling costs per foot down 25% versus Q1 to $140/ft. The Fusaichi Pegasus 9-4-13-6 3MXH well was drilled in a record 6.4 days, nearly 60% faster than the average drill time for 2-mile Mayes wells. Completion costs also fell, dropping 20% from Q1 because of lower service costs, more efficient frac designs and more efficient drillouts. D&C efficiencies contributed to Q2 capital......
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