Warren Resources Boasts Lowest Breakeven Cost in Marcellus

Last week MDN told you that Warren Resources, a small, independent exploration and production company headquartered in New York City with a very small Marcellus drilling program (just two wells this year) is looking for a new CEO (see Help Wanted: Warren Resources Launches Search for New CEO). Warren Resources also issued an operations update last week. The update shows Warren is done drilling their two planned Marcellus Shale wells for 2015 and has now begin the completions process, which is expected to be done sometime in August. Below is the introduction and Marcellus portions of Warren’s operational update from last week, which includes the boast that Warren has the lowest breakeven cost in the Marcellus…

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