GREY:VFGGF - Post by User
Comment by
Iching64on Jan 28, 2014 5:10pm
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Post# 22144396
RE:waterflood, penn west and 3000 boepd
RE:waterflood, penn west and 3000 boepdI may be wrong, but as I understand, waterfloods both increase production and slow the decline rates, just look at the PRY presentation.
Waterfloods can increase the flow rate of a well by up to 100 % or more, and slow the decline rate so that the life of the well increases by many years.
That is the profitable potential of waterflooding...