Duvernay acreage: BTE and TVL drill at a close distanceBaytex (BTE) has very strong drilling results from its Duvernay acreage.
BTE's Duvernay is close to TVL's Duvernay acreage.
The facts with the map for BTE's and TVL's acreages are illustrated below:
https://www.baytexenergy.com/files/pdf/corporate-handouts/March%20Presentation.pdf
https://traverseenergy.com/wp-content/uploads/2019/01/corporate-presentation-2018-November-15.pdf
This excerpt is from BTE's latest news:
"East Duvernay Shale Light Oil
We continue to prudently advance the delineation of the East Duvernay Shale, an early stage, high operating netback light oil resource play where we have amassed over 450 sections of land. In 2018, our focus shifted to the Pembina area where we control over 270 sections of 100% working interest land. With five wells on production, we have delineated approximately 35 sections representing 175 potential drilling opportunities. These wells generated average 30day initial production rates of approximately 575 boe/d per well (88% liquids). During Q4/2018, production from the East Duvernay Shale averaged 1,432 boe/d, up from 650 boe/d for the period August 22 to September 30."