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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.


TSX:VRN - Post by User

Veren Inc > 25% decline rate …
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Comment by JohnnyDoeon Sep 27, 2023 6:50am
148 Views
Post# 35656242

RE:RE:25% decline rate …

RE:RE:25% decline rate …
JohnSP wrote: Agree 5-7% annual decline rate for conventional wells, but CPG is now growing into multi-fracced wells in Montney, where they are having great success, albeit with high decline rates.

More colour here: https://twitter.com/RealPeterLinder/status/1706638723470016623


Their decline rate is actually 27% as noted in their corp presentation, along with the 5 year growth to 180k a day that Moe mentioned
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