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Delphi Touts 2015 Ops; Cuts Montney Well Costs to $6.5MM
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Delphi Energy Corp. reported the following update.
Delphi is now singularly focused on its Bigstone assets where it holds 139.5 gross sections (118.1 net) of Montney rights and 81.5 gross sections (60.0 net) of contiguous shallow Cretaceous rights. The Bigstone Montney now represents 87 percent of corporate production.
While the oil and gas industry remains in a very challenging environment, Delphi's accomplishments during 2015 have transformed the Company, positioning it to successfully navigate through this prolonged low commodity price environment.
Several of these accomplishments include: Achievement of the Company's 2015 annual and exit production guidance; Successful drilling of six extended-reach Montney horizontal wells in Bigstone reducing the number of days from spud to total…- ✓ Full news archive — U.S., Canada & international coverage
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