Drilling / Well Results | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Capital Markets | Capital Expenditure | Drilling Activity | Capital Expenditure - 2018
Razor Spending +284% More in 2018; Talks Q4 Drilling, Well Results
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Razor Energy reported its Q4 2017 results.
2018 Budget- 2018 Budget: $38.4 million (up +284% from $10 million spent in 2017)
Highlights: Full year production averaged 3,813 boe/d (89% liquids) Completed 3 major asset acquisitions in the Swan Hills and Kaybob areas Well ResultsThe first well, 13-24-62-20W5, was rig released on January 31, 2018 and encountered 11m of net pay. The well was subsequently completed and placed on production March 23, 2018. In its first 18 producing days onstream, 13-24 averaged 737 barrels of fluid per day at an average 98.5% watercut resulting in 12 bbl/d oil plus 18 mcf/d or 15 boe/d.
The second well, 15-12-62-20W5, was rig released on February 11, 2018 and encountered 10m of net pay. The well was subsequently completed and placed on production March…
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