Exploration & Production | Operational Updates | Drilling / Well Results | IP Rates-30-Day | Initial Production Rates
Cardinal Adds 3 Hz Wells to Glauconite Drilling
Print
|
Cardinal has provided an update of the Glauconite Drilling activity in Bantry in 2014.
To date, the Company has drilled five Glauconite horizontal wells. Cardinal encountered a mechanical problem on one of these wells, which has produced at nominal average rates of 36 BOEPD. Management believes that it understands the issue behind the poor result in this well and believes it can mitigate the problem on a go forward basis.
The results from the four other Glauconite wells are as follows: 02-35-016-12W4: This was the first well drilled by Cardinal into the play. The well had an IP 30(1) rate of 555 BOEPD. The well commenced production in March of 2014 and has produced 77,000 BOE to date. The rate for this well for the last 30 days of production was an average of 370…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…