Well Cost | Drilling Program
Chevron Making Canadian Strides, Plans Development in Duvernay
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[Summary: Chevron announced Monday its intent to begin development in the Duvernay, specifically targeting the East Kaybob.
Initially, the company is planning on developing ~55,000 acres. While there is no stated expectation of production that Chevron will see from the Duvernay, the company expects favorable results from this venture.
To facilitate this development, Pembina Pipeline Co, will spend C$290 million building infrastructure to ship gas and condensate.
Duvernay Permit TrendActivity is on the rise in the Duvernay. From Q2 to Q3, the permit count increased from 20 to 49. With Chevron's intent to develop in the Duvernay, this number will continue to increase into 2018.
Duvernay Well Costs: On the DeclineWell costs have been significantly declining since 2013 which is…
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