Drilling & Completions | Key Wells | Drilling Activity

Prairie Provident Talks Latest Drilling Activity; Princess Well Result

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Prairie Provident has reported the successful completion of several wells at its Princess and Wheatland (Wayne) prospects.

• Princess-2, flow tested over three days at an average flow-back rate of 375 bbls/d of fluid and 2.0 Mmcf/d of natural gas, yielding an oil cut of 40%. The Princess-2 well is currently tied into production facilities and producing 90 bbls/d of oil and 1.4 Mmcfd of natural gas as it continues to recover load water from the fracking operation. During the flow back period, 7% of the total load fluid of 615m3 was recovered. The total drilling and completion cost for both wells was approximately $2.2 million, resulting in an average of $1.1 million per well.

• A third Glauc well (100% WI) was drilled in Princess at 103/01-21-019-10W4 (“Princess-3”) as part of PPR’s 2018 planned six well 2018 area drilling program. The Princess-3 well was completed (fracture stimulated) on March 17th and 18th, 2018 and is expected to begin flow testing in the next few days, with results to be released when available. All wells in Princess were drilled using a mono-bore drilling design with a water-based mud system to reduce drilling time and overall costs.

• At Wayne, Prairie Provident has drilled one well (95% WI) located at 100/03-26-027-21W4 (“Wayne-1”) and one well (100% WI) located at 100/15-35-027-21W4 (“Wayne-2”), both targeting the Ellerslie formation and drilled as part of its six well 2018 program in the area. Drilling operations commenced February 3, 2018 and was rig released on March 1, 2018.