Drilling & Completions | Drilling / Well Results | Top Story
Renegade Completes 14 Viking Wells; Touts 100% Success Rate
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Renegade Petroleum Ltd. has reported the following update on its post break-up drilling program focused in southeast Saskatchewan and in the Viking play in west central Saskatchewan.
Southeast SaskatchewanRenegade now has inital results on 6 gross (4.1 net) wells, which were drilled post break-up in southeast Saskatchewan with a 100% success rate. Of these wells, 5 gross (3.6 net) are located in the Queensdale area targeting the Frobisher/Alida formation and 1 gross (0.5 net) well is in the Crystal Hills area targeting the Souris Valley formation. Four of the six gross wells have production history in excess of 30 days, with an average 30 day initial production (IP) rate of 241 bbls/d. The average drill, complete and equipping cost for the 6 gross wells was approximately $1.2 million…
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