GREY:LSTMF - Post by User
Comment by
ltrabson Dec 08, 2010 1:30pm
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Post# 17819126
RE: oil hedging and production
RE: oil hedging and production
There is a slight, as of Dec 6 update to the Cardium portion of the presentation.
P21 through p24 of ....
https://www.petrobakken.com/wp-content/uploads/2009/06/PBN-2010-12-DecCorpUpdate-WEB.pdf
Wells drilled up to 37 from 25 net
Wells completed up to 22 net from 15 net
Wells in production up to 14 net from 9 net
Wells drilled in queue up to 23 net from 16 net
I managed to have a short discussion with G. Smith Nov 20th. Regarding the Cardium.
-It takes 2 months to drill and bring a Cardium well into production.
..The Bakken takes 1 month, difference is regulatory such as over 2 week pressure testing.
-Numbers released are oil, bopd, no gas contant included, some copareable companies include up to 10-15% more for gas inclusion ... boepd.
-Had 10 rigs working Nov 20.
-Run rate aprox. 5 addition wells in production per month.
regards