Interesting Location for New 7 well PadI was surprised to find that the location of the new 7 well pad was not offsetting the 3-32 pad where the 5 long reach (>3000 m) horizontals were drilled (4 producing) but rather in the middle of the West Septimus field. It appears that Crew will be drilling 7 wells with horizontal legs of ~2000 m instead. This should greatly reduce the production risk, as these wells are offset buy existing production. Nice safe location with lower per well completion costs.
Some of Crew's ofsetting wells in this area have IP 90 rates of 4 - 5 Mmcf/day which is impressive. This may provide combined IP 90 rates of approximately 28 Mmcf/day for this program. If they can bring those volumes on stream in early Q1 2021, they should benefit from the anticipated winter season natural gas price spike.
To view the new well locations, go to Slide 18 in the investor presentation and look for the well locations with the open circles above the "Septimus" label. You can also see the existing pipeline in black that they will be tieing into.