Pad 15-7 (Kaybob Duvernay)Kaybob Duvernay North, - this is an oil play with a CGR of 550 so if they are similar to pad 4-13 the wells will be 1117 boe/day and with a IP365 CGR of 550 it means they will produce
1117/550 = aprox 2 MMcf of gas or about 334 + 1117 = 1451 boe/day
That is what the production from pad 15-7 is and those 3 wells added about 4350 boe production in August, and it is about 77% liquids/condensate.
So the good thing about this play is that the well come on strong, Duvernay is know for the reserves it holds, and you really do not have a lot of associated gas.
So the six well 15-7 pad is expect to be brought on stream in Q1 and contribute to the production in Q2 2024.
This is an incremental 8700 boe/day if the well results are similar to the first pad they drilled.
The 4-13 (3 well pad) produced 103,944 boe of condensate in August,
lets say $120 boe/canadian = 12,437,000 dollars
Gas 30,000 boe * $15 = 450,000.
12,887,000 dollars in August
So Kaybob Duvernay has started out as a home run, and we are a few months away from six more wells pretty well in the same area.
That will be a great way to start of 2024, and Kaybob Duvernay in a short period of time will be producing significant production from just a few wells.
The economics of these wells are greatly enhanced, and the reason they could move forward so quickly with this play, is the Duvernay and Montney are stacked in this area and they used their existing Montney oil infastructure to produce these liquids rich duvernay wells.
IMHO