Post by
ditchdigger251 on Oct 27, 2017 1:16pm
RMP's Been Busy w/ AER Applications
The new team's definitely hitting the ground running hard. A spacing application dated Oct 11th (9 section block in Twp 68/Rge's 2&3 in the Montney A2A pool) to match Montney well density with adjacent lands was submitted to the AER. The land in the application is only a couple of sections NE of the prolific Montney JJJ pool (used as an analogy in the application). It appears that the near term development plan is for similar spacing as done for the JJJ pool if not even a bit tighter. I've seen Paramount drill two 10 well pads in Kakwa at 200m hz spacing with 50m vertical depth stagger between producing laterals and was told by a production engineer that there wasn't evidence of interference. Eyeballing RMP's near term development map gives roughly a 250 to 300m lateral spacing. I count 33 new Hz's in a 10 section area with a Q4 2018 drill by date given in the application. That's probably the best case dependent on oil and ngl pricing but I really appreciate the vision and energy being shown by the new team. RMP is serious about pumping value back into their stock. And it's really nice to see the 70's again!