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Duvernay Shale October 2015 Update: Operators Forging Ahead
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This is our October/Q3 Duvernay Shale Update
Operators have license 525 wells in the play to date. Q1/2015 saw a record 32 industry wells placed on production. However Q3 saw record licensing more than 100 wells, driven by the likes of Chevron, Shell, Encana, ConocoPHillips and XTO.
Cumulative Well Licenses, Spuds and on Production Well Licenses, Spuds and on Production Well Licensed and Drilled (Inventory)Operators Continue to talk about the most important factor and that is well cost.
Athabasca Oil CorpAthabasca shows well cost declining from $15.4 million to $10-$12 million. These wells are still expensive, however
Source : Athabasca September 2015 Investor Deck
EncanaEncana talks about its $3m savings on duvernay wells. The company is currently targeting sub $10…
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