Drilling & Completions | Well Cost | Key Wells | Drilling Activity
Virginia Hills Cuts Drill Times at Slave Point; Acid Frac Design
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Virginia Hills Oil has successfully drilled, completed and equipped its 02/16-27-086-09W5 (100% working interest) horizontal light oil well in the Slave Point light oil play late in the third quarter of 2016 under budget and average timeframes.
The Company's 02/16-27 drilling results represent a 58% and 25% improvement from the reported historical average and the reported fastest drilling pace previously achieved on the Red Earth Slave Point light oil play. The 02/16-27 well was completed in September of 2016 using a 12 stage coil tubing conveyed acid frac design. Average production rates of approximately 145 boe/d (97% light oil) were achieved over the first 14 days of production with production rates of approximately 115 boe/d (97% light oil) after 18 days. 02/16-27-086-09W5…- ✓ Full news archive — U.S., Canada & international coverage
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