Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.

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Veren Inc

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Comment by oilyexecon Jul 18, 2018 8:23am

113 Views

Post# 28331577

RE:RE:JUST GOT THIS

thanks for the link Estevan.

Everyone forgets that Saudi exports and production are 2 different numbers. Domestic use = 3mmbpd is why a major push is underway to produce tight gas with HZ wells and fracking so as to increase exports.

Also, from the link re: 2017 "The Kingdom already stated that it will cut overall crude oil shipments by around 600,000 bpd in August to balance the rise in domestic consumption during the summer" = likely also for 2018.

Increase summer exports = likely not. (sorry Mr Trump)

Also, since 2014, Aramco rig count did not decline, like the rest of the world, but increased 30% and have held steady for the past 4 years.

Spare capacity = ha, ha, in your dreams!.

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