Post by
hawkowl1 on Jan 04, 2022 11:49am
A reminder ..Journey Drilling plans 2022
Journey plans on returning to the field in early 2022, and this should increase both production and the oil weighting to prepandemic levels over time. Journey is currently planning an exploration and development program of $34-million to $38-million for 2022. This program is expected to be financed entirely from company cash flows. Journey has a development drilling program ready for Skiff, Cherhill, Crystal, Matziwin and Westerose. The horizontal development program in south Skiff follows up the three wells that were drilled there in 2018. During the third quarter of 2019, the central well of the three-well pattern was converted to water injection, and the offsetting producers have now responded favourably to this injection. The vast majority of Journey's future capital projects is within existing pools and is not subject to near-term expiries. New volumes can be brought on production with minimal incremental operating costs when drilling resumes. Journey plans on drilling up to 12 (11.7 net) wells with locations evenly distributed between its northern and southern core areas.
Comment by
pennydredful on Jan 04, 2022 8:16pm
anyone drilling near their Duvrernay land ?