TSXV:MCF - Post Discussion
Post by
practicalguy on Oct 12, 2024 6:51pm
Horizontal Production Multiplier
The great thing is development of massive resource plays has made immense progress in the last decade.
A single mile long horizontal well will have 5 to 10 times the initial production rate of a vertical. For tighter reservoirs, companies are using multi leg horizontal wells which increases production by another 3 to 5 depending on the number of legs.
The cost increase is maybe 20% for a single leg and 40% for a multi leg. This means that even if the vertical well only tests at 100 or 200 bopd, a very economic development is possible using horizontal wells. Of course if they hit a gusher, they can still go Horizontal and make it a world class play
Good luck to all the patient longs. Hopefully we will all get rewarded for our patience in the next month or so
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