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Chinook Energy Sees 42% Drop in Well Costs Since 2014
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Chinook Energy Inc. has provided the following operational update.
Operations Update Chinook continues to deliver strong results and improved capital efficiencies on its 2015 Montney drilling program at Birley/Umbach in northeastern British Columbia. During the third quarter of 2015, Chinook completed three wells (2.75 net) at Birley/Umbach which had all been drilled during the first quarter of 2015. Chinook's 75% working interest b-72-F/94-H3 well was drilled to a total depth of 2,950 meters with a horizontal lateral length of 1,250 meters. The b-72-F well was completed with an 18 stage ball drop slickwater frac and flowed on clean up at 7.7 mmcf/d at 3,805 KPa flowing casing pressure with a final condensate to gas ratio of 24 bbls/mmcf after 44 hours and having recovered approximately…- ✓ Full news archive — U.S., Canada & international coverage
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