Exploration & Production | Capital Markets | Capital Expenditure | Drilling Program
Bonavista Relying on Glauconite for Future Growth
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Bonavista detailed its type curve and development plans for the Glauconite formation in Alberta, where it will be spending $180 MM in 2015 to drill 49.4 net wells.
An overview of the Glauconite area:
Bonavista has found that changing to slickwater completions brings a flat type curve to this play - while the IP 24 is less, the decline appears to be much shallower, and the EUR higher. Longer laterals are also improving the wells where applicable.
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