Condor Energies Hits 16,900 boe/d Milestone as K-42 Well Outperforms
Event summary
- Condor Energies averaged 16,921 boe/d over the past 72 hours, driven by strong performance from the K-42 well.
- K-42's lower interval flowed at 11.2 MMscf/d (1,867 boepd), double pre-drill expectations.
- Q2 2026 production averaged 13,851 boe/d, up 17.1% from Q1 despite infrastructure downtime.
- Two rigs continue drilling in Uzbekistan's Kumli NW field with additional wells planned.
The big picture
Condor's strong operational performance in Uzbekistan reinforces its position as a key player in Central Asia's energy sector. The company's ability to consistently exceed expectations with its development model positions it well amid growing demand for natural gas and lower-carbon fuels. With multiple initiatives across production, LNG facilities, and critical minerals, Condor is diversifying its revenue streams while maintaining strong growth metrics.
What we're watching
- Execution Risk
- Whether Condor can sustain this growth pace with its planned horizontal development wells.
- Reserve Potential
- How the K-42 results validate and expand the company's geologic modeling for lower reservoirs.
- Market Dynamics
- The pace at which Condor can convert its 50-well drilling inventory into production increases.
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