YGR new landIt will be interesting to see if YGR will continue to implement best practices from the Permain basin. WCP and YGR seem to be the masters at making as many wells per pad as possible and that best practice came from Permain.
The new thing in Permain in 2021 was 10-15% of wells being 3 mile laterals instead of more common and standard 2. Most companies have expaneed use of 3 mile wells even further....one disadvantage of it is you need to own a big cunky land position.
YGR new land position would definitely be suited for even longer 3 miles wells. I wonder if YGR tries one in 2023...even Cheddarville they could. Don't need many pads if you start doing 3 mile wells. Prob can get a 15-20% cost savings and that is material on 30 wells. 20-3mile wells is obviosuly equal to 30-2mile ones.
Ironically the first 3 mile cardium well I have seen even attempted was by Whtecap and it borders to south east of YGR Cheddarville sign.
Very good sign for YGR as well if this would carry over to YGR lands as well.
WCP well produced near 700 barrels of oil per day for ten days and still cleaning up. That extra mile of well bore is probably giving it 700 instead of 500 of oil.
So good sign this technology works, companies are able to frac that long and stay in zone.
Cheddarvill looks perfect for 3 mile wells east to west. Good way to get production bump and it is cheaper.