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Peyto Maintains 8 Rigs, 4 in Sundance Through Breakup
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Peyto has reported a 2017 operational update and 2016 review.
Rigs
Peyto began 2017 with 9 drilling rigs active, 4 in the Brazeau area and 5 in the greater Sundance area. Their startup in January after shutting down over the holiday break was staggered to accommodate pressure pumping availability.Wells Drilled and Completed
To date, a total of 32 gross (30.8 net) wells have been spud with 23 gross (21.8 net) wells rig released. Peyto has completed and brought on production 18 gross (17.2 net) wells including wells drilled in late 2016 and has another 17 gross (15.8 net) wells in the process of being completed and or tied-in. Peyto plans to run 4 rigs through breakup this year in the greater Sundance area by using pad drilling in locations where it is less likely to experience a cost…- ✓ Full news archive — U.S., Canada & international coverage
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