CLEARWATER OIL WINS The CROWNOil/Gas plays rated across North America, guess which is number 1 by a long shot for Payout Period. Alberta’s Clearwater Oil play formation discovery only 4 years ago. I3 has 29k acres, 1.1 billion barrels (OOIP) Recoverable up to 222 million barrels 5% Primary, 15% Secondary recovery, current IRR,s exceed 400% in their land
Clearwater is basically all oil, very little gas or water, open hole completions, no liner, no frac fluid, or thermal injecting. Shallow just 500 meters in depth, It’s really incredible. That’s why wells are so cheap and quick to drill and payout quick. You don’t have to worry about dealing with water treatment and capturing massive amounts of gas, ultra-low carbon emissions. The greenest oil wells in the world.