So the same longer laterals that is giving Pioneer all its success in the Permian is working for POU in the Duvernay, both the Kaybo Duvernay and the Wilesden Green Duverny.
Pioneer has an inventory of longer laterals they they can drill, 15000, to 18,000 feet. The improved wells results improve in a linear fashion, compared to the length of the wells.
The resent wells that POU drilled in the Duverny, approximateley 14,000 ft, or almost 3 miles.
4200 meter wells have provided exceptional results.
Exceptional Results So POU can drill wells for 25% less then the competition, because they own their own Tier1 triple rigs. The wells that they do drill are not only top producers, but top producers by a country mile.
POU #1 wells produced 1197 boe condensate in it august.
The #10 well of the top ten wells list produced 341 boe condensate (Artis)
POU drilled the top 3 wells and their #1 well produced more that 250% more oil in August than #10 well.
The next best wells to POU #4 well in the province drilled by Teine energy produced 621 boe day for the month of august, so outside of POU's top three wells Teine #4 well produced 93% more condensate than it nearest competator.
So with significantly lower drilling costs, the best drilling crews, and results that are 2 to 3 times better than the competition, POU must be doing something right.
Longer is Better
Pioneer want to drill wells to 18000 ft or 5500 meters, that is 1300 meters longer or about 30% increase in production. Wilesden Green with its massive land base will be highly suitable for super long reach wells.
POU has an operational edge, providing them a technical advantage, which results in superior results.
IMHO