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Karve Energy's Production Moves Upward After Q2 Lull; Talks Drilling Program

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   |    Tuesday,November 19,2019

Private Canadian E&P Karve Energy has detailed its 2019 drilling program.

The company is focused on the Viking play.

2019 Program

  • Capex: $80 million - reduced from $99 million originally planned
  • D&C: Drill 30 gross wells / Complete 52 gross wells in the Viking play

Production Growth

The company is currently production ~10,100 BOEPD, up 26% from 8,000 BOEPD in Q2 2019.

As showed in the charts below, the company hit a production lull in Q2 of this year.

 


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