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VIRGINIA HILLS OIL CORP VFGGF

"Virginia Hills Oil Corp, formerly Pinecrest Energy Inc was incorporated under the ABCA on March 24, 2006 under the name Testudo Oil & Gas Exploration Ltd. The Company is a Calgary, Alberta-based oil and natural gas exploration, production and development company with operations in the Canadian provinces of Alberta and Saskatchewan."


GREY:VFGGF - Post by User

Comment by Iching64on Aug 22, 2013 2:13pm
135 Views
Post# 21690273

RE:RE:wow, gas6guy and dave?

RE:RE:wow, gas6guy and dave?Blue Eagle,

thanks for the detailed info.

I have one question that relates to PRY :  this decline curve in tight oil plays, how is it affected by waterflooding ?

Do waterfloods just  increase production for a short time, and then we revert back to the former decline curve ?

Or, do waterfloods, after the initial increase in production,  slow down the decline curve over time ? And if so, over how many years will the effects of waterfloods last ?

I am no expert, but from  what I have read, it seems waterfloods can slow down the decline curve over a long time period, thus reducing the  number of new wells needed to maintain or increase production.

What do you think ?  (if  I do not reply, it is due to being on vacation).

Thanks
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