Exploration & Production
Renegade Petroleum Announces Record Viking Oil 3Q 2012 Results
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West Central Saskatchewan
Renegade continues to experience exceptional well performance in the Viking play of west central Saskatchewan. Renegade's Viking results continue to be industry leading on long term production and cumulative recoveries which exceeds our independent reserve auditor type curves. Based on public data, Renegade has become a leading Viking producer in west central Saskatchewan over the last 18 months.
This accomplishment is attributed to Renegade's continued technology improvement and disciplined initial production management. Renegade continues to drive down costs with current drilling and completion costs per well of approximately $850 thousand and total on stream costs of approximately $950 thousand. Drilling improvements have been made with the average time from…
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