Post by
gasoholic on Apr 13, 2022 2:34pm
A whole lot of fracking going on
Investors are realizing that the great majority of wells need fracking. And the trend now is to have more frack stages per well. The more the production for each well means overall less wells need to fracked for however much production is required. The market makes that decision. So TCW will frack less wells but have more revenue per well. But since there appears to be a stuctural labor shortage that condition is the favorable one for the industry. In NE BC there is going to be scores of wells drilled to supply the initial 1.8 bcfpd for stage 2, and then a few dozens each year to account for depletion. And of course there's the base level required to maintain BCs present 5.5 BCF. Well depletion is like rust, it never sleeps.
Comment by
EstevanOutsider on Apr 14, 2022 12:23am
"Less wells drilled" but a trend towards higher intensity, deep, Montney & Deep Basin wells as opposed to shallow oily stuff as we seen in the early 2010s. The Montney type high intensity wells require more pumping and proppant. Total game changer for Canadian frackers.