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PS - Enerplus lowers North Dakota well costs by 11% YOY - June 2020
Enerplus’ North Dakota 2020 drilling cycle times (spud to rig release) averaged 11 days per well for 10,000-ft laterals as of the beginning of May, tracking ahead of expectations for the year and faster than the 2019 average of 12.6 days. Eight of the last 11 wells were drilled in 10 days or less. Completion operations have also outperformed expectations this year, with wells taking about five days to frac. All outperformance considered, well......
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