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RMP ENERGY INC T.RMP

"Iron Bridge Resources Inc, formerly RMP Energy Inc is a crude oil and natural gas company engaged in the exploration for, development and production of natural gas, crude oil and natural gas liquids in Western Canada."


TSX:RMP - Post by User

Post by ditchdigger251on Mar 01, 2017 5:40pm
383 Views
Post# 25915512

AER Drilling Data....

AER Drilling Data....Here's some data I just picked off the AER's Horizontal Well List on RMP's Gold Creek area HZ's:

  WELL NAME LIC # SPUD FIN DRLG TD (m) TVD (m)
  RMP HZ ELM 4-18-68-2 480159 Jan 9/17 Jan 26/17 4935  
  RMP HZ ELM 3-22-68-3 478480 Jan 5/16 Jan 24/16 4233 2198
  RMP HZ ELM 4-30-68-3 480911 Dec 2/16 Jan 4/17 4523  

Since finished drilling dates are given it appears that the 4-18 and 4-30 wells are both drilled to TD but the time between spud and finished drilling for 4-18 of 17 days is shorter than the 32 days given for the 4-30 well in spite of being 412m longer.  I'm used to HZ's in the 5000m measured depth range to being 30+ days so I wonder if the finished drilling date is correct.  Still it's great to see the increases in Total Depths from the first well to the last well of roughly 700m.  Assuming a landed depth of ~2600m MD that would give lateral lengths of 1600m increasing to 2300m.  I would expect a somewhat linear increase in rate and reserves to go with that assuming uniform drainage (using tonnes/meter of proppant placed as a proxy).

It will be very interesting to see the next operations update.
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