Drilling / Well Results | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Capital Expenditure | Drilling Activity | Capital Expenditure - 2018

Razor Spending +284% More in 2018; Talks Q4 Drilling, Well Results

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   |    Friday,April 13,2018

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)

Well Results

The 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 21, 2018.  In its first 21 producing days onstream, 15-12 averaged 288 barrels of fluid per day at an average 87.6% watercut resulting in 36 bbl/d oil plus 22 mcf/d or 40 boe/d.

The third well, 16-03-62-20W5, was rig released on February 22, 2018 and encountered 10m of net pay.  The well was subsequently completed and placed on production March 12, 2018.  In its first 22 producing days onstream, 16-03 averaged 1,401 barrels of fluid per day at an average 99% watercut resulting in 8 bbl/d oil plus 86 mcf/d or 22 boe/d.

The fourth well, 08-07-62-20W5, was rig released on March 3, 2018 and encountered 4m of net pay. The well was subsequently completed and placed on production March 21, 2018. In its first 20 producing days onstream, 08-07 averaged 279 barrels of fluid per day at an average 98% watercut resulting in 5 bbl/d oil plus 22 mcf/d or 9 boe/d.

 

 

 

 

 


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