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.

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Veren Inc > Winter Drilling Results

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Post by uwebb429on Jul 08, 2024 2:00am

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Post# 36122269

Winter Drilling Results

Veren has drilled four incredible wells this year in the Elmworth Field. All of these wells are in the same area, about a 35 minute drive SE of Grande Prairie.

Many similar high output wells can decline by 30% soon after being drilled. Average production of each of the four wells has been basically flat for the last three months.

Hopefully management can share some more details when the Q2 results are released on July 25th.

https://i.imgur.com/gqKRcGA.png

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