Veren Inc VRN

Winter Drilling Results

[uwebb429]

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

[sebastian2]

Good info, finally something on topic here :)

[uwebb429]

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