While Duvernay development has progressed at a slower pace relative to other large North American resource plays, it’s come a long way since the first big land sale rush a decade ago as companies continue to lower costs and perfect drilling and completion techniques.
June 17, 2019, 9:40 AM MDT
Although well results in the emerging East Duvernay “remain highly variable,” top quartile wells drilled in 2018 are “encouraging” with an average initial production (IP30) oil rate of 580 bbls/d, says Peters & Co. Limited in an update on the play released June 13.
June 17, 2019, 9:28 AM MDT
While staying somewhat below the radar screen, junior producer Journey Energy Inc. has secured a land position in the hot East Duvernay shale play that the company’s CEO and president says could hold as much as 150 million (gross) bbls and lead to 20 years or more of ongoing production.
June 17, 2019, 10:32 AM MDT
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