Post by
HeavyBanana on Nov 17, 2024 10:38am
Listened to the conference call again ....
........ and was amazed again at the improvements at Duvernay year over year. A 40% increase in well production with only 4% increase in lateral length. I'd say they are getting it figured out !!!!
Comment by
dllscwbysfn on Nov 17, 2024 10:49am
I agree this is great but at the same time it speaks volumes about the rest of their fields that must be in serious decline because otherwise their production would not be stagnant. Also if you drill your best areas first this could lead to decline. Also their costs might actually go up simply due to inflation. At todays oil prices I would be concerned
Comment by
HeavyBanana on Nov 17, 2024 11:20am
The Duvernay profile based on current planned production is about 20 years and they have said they would look to better align that 20 year profile with the other play profiles of about 10-12 years which would bring significant production growth organically. The oil market fundamentals will dictate how they implement an alignment and at what pace.