GREY:MGMCF - Post by User
Comment by
OilEngon Feb 07, 2014 1:25pm
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Post# 22184915
RE:Trican hi-lights the Canol
RE:Trican hi-lights the CanolGlacierman. Thanks for the Trican link. You have awesome research skills.
The interesting thing about slide 15 is that they show production from the Canol in 2015/16 at a rate about rate about 1/4 of the Duvernay. That would be about 100 wells per years. Further the costs are estimated to be 30% higher. This would put a well in the $10 to $15 million range which is a significant reduction to what we are presently seeing.
I also see that they think the Canol is all oil, while the Duvernay is oil, condensate and gas. I would agree with that. I think the advantage of the Canol over the Duvernay is that it is have very large oil window, is 3 times thicker and has twice the porosity of the Duvernay. Downside is the lower pressures because the wells are much shallower and not overpressured.