We've been operating in the Northern Delaware basin, which is located within the greater Permian area, since we closed on two major acquisitions in 2017. These acquisitions gave us a strong foundational footprint in the region where we have a majority of our acreage in Eddy and Lea counties, primarily in the Wolfcamp and Bone Spring New Mexico plays.
Our focus since entering the play has been to strategically advance our position and prepare for future development by further coring up our footprint, progressing early delineation of our acreage, improving our cost structure and securing midstream solutions.
Our Northern Delaware production averaged 26,000 net boed in 1Q 2019. We brought 15 gross Company-operated wells to sales with an average 30-day initial production (IP) rate of 1,815 boed (65% oil), or 360 boed per 1,000 foot lateral. First quarter wells to sales featured a mix of early development and delineation drilling across both the Malaga and Red Hills areas. In Malaga, a four-well pad targeting the Bone Spring, Upper Wolfcamp and Lower Wolfcamp horizons achieved a 30-day IP rate of 2,830 boed (62% oil), or 400 boed per 1,000 foot lateral.
MRO supports programs to protect native aquatic species, migratory grassland birds and pronghorn in the Pecos River Watershed.
CEO Lee Tillman was an invited keynote at the 2017 New Mexico Oil & Gas Association's Annual Conference. Read his remarks about the Company's entry into the Northern Delaware.
Watch the complete drilling and fracking of an Eagle Ford well in less than 2 minutes.