Multi lateral wells and other plays.....One thing to note...is Alberta will likely increase their conventional production with few rigs in then five years ago due to just how good multi lateral wells are....
Take cardinal energy.
They went to other heavy oil land they have and they did a multi lateral in Chauvins.
In the Rex formation.
This well came on production Sept 2021...did 324 barrels a day....and it has done 390-420 barrels of oil since even in Jan 2022....
Cardinal only had old vertical wells here.
Instead of drilling 8 single horizontal wells over 40-50 days....do one mutli lateral now to get same production and way lower cost....
Bottom line is need less rigs and fewer wells.
This why I think alberta is gaining with the current rig count.
Surge energy and gear energy etc....they will sttart doing more multi laterals on their plays....
Just behind.