Exploration & Production | Drilling & Completions
Surge Energy Spins Bit at Bakken, Alberta Prospects
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Surge Energy Inc. has reported an operations update at its Alberta and Williston Basin prospects.
Surge has drilled, completed and placed on production all 22 gross (17.9 net) planned wells in the fourth quarter of 2012. As such, Surge is well positioned to meet its targeted exit production guidance of 11,000 boe per day.
At Valhalla South, Surge drilled, completed and tied-in three gross (1.96 net) horizontal multi-frac wells. All wells are currently on production, and although all of the wells have not produced for an entire month, it appears that on average the wells will exceed the Company's best 30 day average production rate of 620 boe per day per well. The Company is currently in the process of drilling one gross (0.44 net) horizontal multi-frac well, which is planned to be on…
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