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Athabasca Doubles Duvernay Proppant Load; Drilling to Begin in Q4

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Athabasca Doubles Duvernay Proppant Load; Drilling to Begin in Q4

Athabasca Oil has reported its Q3 2016 results.

Key Points:

Higher Intensity Duvernay Fracs

With input from Murphy, completion intensity on this pad was increased to approximately 2,000 lbs/ft, up from the prior design of approximately 1,100 lbs/ft. Joint venture drilling operations are expected to commence in the fourth quarter with a two well pad

Montney Activities

The Company currently has two drilling rigs active. Both four well pads are expected to be rig released before year-end with completions operations to follow in Q1 2017 and on-stream timing before spring breakup. Athabasca has operational flexibility to run between one to two rigs through the balance of the winter program. Company estimates average drilling costs of C$3.15 million per well, down 15% from the…
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