Bullboard - Stock Discussion Forum 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... see more

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Veren Inc > Winter Drilling Results

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Post by uwebb429 on Jul 08, 2024 2:00am

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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Comment by sebastian2 on Jul 08, 2024 11:39am

Good info, finally something on topic here :)

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Comment by uwebb429 on Jul 08, 2024 3:07pm

T69 R4, otherwise known as Gold Creek West, is where the four best wells were drilled earlier this year. VRN controls the majority of land in this area. They have 310 future drilling locations available in Gold Creek West and another 560 locations in the Gold Creek area. Wells 5 and 6 on the May top 7 list in the above chart were drilled at Gold Creek, T68 R2. VRN presently has two rigs drilling ...more

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