While continuing to grow Eagle Ford production, Penn Virginia’s operational focus for the past two quarters has been to cut AFEs and improve operational execution. As a result, well costs have dropped 25% from $10.3 million last October and November to $7.7 million in February and March, while the company has completed more than 1,400 frac stages over the past two quarters with almost 100% success. Penn Virginia ran three frac crews during Q1......
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