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Athabasca's Wells Placed on Production in Q3 Exceed Company's Type Curves
Athabasca Oil released its Q3 results where it discussed highlights from the quarter and its intent to release its 2018 capital budget on December 6, 2017. Highlights include:
- Q3 production was 36,133 boe/d (90% liquids)
- October production was 41,000 boe/d
- Capital expenditures in Q3 were $67.7 million
Operations Update
Light Oil
Athabasca's average daily production for light oil in Q3 was 7,875 boe/d (54% liquids). Its capital expenditures for Q3 were $47.3 million.
Placid MontneyIn the company's Placid Montney acreage, 8 wells were completed in Q3. From Athabasca's planned 5 well pad, the 4th was placed on production in Q3 with an average IP30 of 1,206 boe/d (66% liquids), which was above the company's type curve. The remaining pad will be put on production during the month of November.
Kaybob Duvernay
In the company's Kaybob Duvernay acreage, which it operates in a JV with Murphy, a three well oil pad was placed on production with an average restricted IP30 of 795 boe/d (72% liquids), exceeding the type curve of 530 boe/d.
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