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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

Comment by Moemoney42on Nov 06, 2023 9:52pm
281 Views
Post# 35720653

RE:Hammerhead

RE:HammerheadThe thing is Hammerhead is already generating FCF so this addition is accretive right off the start.. adding additional FCF is never a bad thing and with the quality of wells Hammerhead has brought on being similar to CPG's top producers with multi-zone capability, we'll see this play's metrics being fast tracked by the horsepower CPG can bring to the table.. CPG has the cash flow to really set some records in well development going forward IMO.. 
Those wells, if they come in like previous wells, will boost production quickly with short IRR timelines.. here's a quote from HHRS's Q3 on one of those wells.. outstanding..!!

"The recent 12-well pad at North Karr 10-14 continues to materially exceed performance expectations, establishing an average well IP6010 of 1,408 boe/d (60% liquids)5 and resulting in an estimated pad payout4 of three months"
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