Exploration & Production | Drilling & Completions | Capital Markets | Private Equity Activity
Cequence Adds Four Frac Stages to Latest Montney Wells
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Cequence Energy Ltd. has detailed the following operational update.
Cequence recently evaluated available diagnostic data derived from its 01-21 and 02-21 Montney wells and has successfully completed the first phase of the planned remediation plan. Diagnostic analysis of the wells, which were drilled off the 07-29 pad, revealed that the heel portion of both wells were still suitable for frac operations. As such, Cequence was able to frac 4 additional stages in each well. Cequence originally planned for 28 stage fracs in each of the wells.
The 01-21 well produced to sales through test equipment for 4 days at an average rate of 2.9 mmcf/d at a flowing tubing pressure of 480 psi. The 02-21 well produced to sales through test equipment for 4 days at an average rate of 2.1 mmcf/d at a flowing tubing pressure of 525 psi. Both wells are currently shut-in to install permanent production facilities, after which these wells are expected to be on stream by mid-February. Cequence is pleased with the initial results of the first stage of its remediation plan and plans to evaluate the wells, including the effectiveness of the increased frac size over break up. Further completion operations on the unstimulated portion of the lateral wellbores is currently being assessed for the summer.
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