Paramount's Feb Operational UpdateHere's some detailed recent Paramount data taken from wells that are approximately 2 townships south and 1.5 townships west of RMP's Gold Creek lands:
https://www.newswire.ca/news-releases/paramount-resources-ltd-provides-operational-update-and-preliminary-2017-outlook-613813823.html
I want to point out that these wells are drilled with ~3000m lateral lengths and were slick water frac'd at 100 tonne/stage and stage spacing of 40m to 59m (the 15-14 well had the biggest spacing). Paramount was really going Full Out Texas to stimulate as much rock as possible. The proppant intensity is over twice as much as what many operators were doing just over a year ago (I've seen many completions between 0.8 to 1.2 tonnes/m of lateral). The results from such "Full Montney" all-in horizontals are astonishing. Keep in mind that Paramount's land is further "down dip" and more in the "overpressure" area compared to RMP's lands that appear to fall in a more normally pressured area - that can affect that type of completion that works the best (for example Advantage Oil & Gas used N2-foam fracs on more normally pressured Upper Montney & energized slick water fracs on overpressured lower-middle Montney wells). The bottomline is I can see RMP's land as being more oily than Paramounts - which still is pretty darn good given that 40% of the BOE's produced are liquids.
| | 15-02 PAD | 4-19 PAD |
| WELLS | 15-14 | 4-7 | 02/4-7 | 1-12 | 02/1-12 |
| Completion Details | | | | | |
| | Completion Stages | 50 | 70 | 75 | 73 | 58 |
| | Proppant (tonnes) | 5,000 | 7,000 | 7,500 | 7,300 | 5,800 |
| | Proppant intensity (tonnes / meter) | 1.7 | 2.3 | 2.5 | 2.4 | 1.9 |
| Production - Cumulative | | | | | |
| | Natural gas(1) (MMcf) | 997 | 135 | 45 | 9 | 25 |
| | Wellhead liquids(1) (Bbl) | 161,479 | 64,318 | 30,338 | 3,365 | 6,484 |
| | CGR(2) (Bbl/MMcf) | 162 | 477 | 675 | 380 | 258 |
| | Days of flowback | 152 | 45 | 16 | 11 | 13 |
| Production - Last 7 Producing Days | | | | | |
| | Natural gas(1) (MMcf/d) | 5.0 | 4.8 | 3.7 | | |
| | Wellhead liquids(1) (Bbl/d) | 754 | 1,915 | 2,261 | n/a(3) | n/a(4) |
| | CGR(2) (Bbl/MMcf) | 152 | 403 | 607 | | |
| Production - Last 24 Producing Hours | | | | | |
| | Natural gas(1) (MMcf/d) | 5.4 | 4.7 | 3.4 | 4.1 | |
| | Wellhead liquids(1) (Bbl/d) | 832 | 1,766 | 1,824 | 1,945 | n/a(4) |
| | CGR(2) (Bbl/MMcf) | 153 | 380 | 536 | 474 | |