Exploration & Production | Drilling / Well Results | Top Story | IP Rates-30-Day | Initial Production Rates
Yangarra Unveils Cardium 30-Day Well IPs; Talks Design
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Yangarra Resources Ltd. reported an operations update on cemented liner and drilling operations.
Yangarra drilled two Cardium wells (1 mile laterals) in 2015 from the same surface pad using cemented liner and sliding sleeves, the first as an 18 stage well and followed up with a 30 stage well. Initial production for the first 30 days was 158 boe/d and 190 boe/d (both 91% oil), respectively, which is approximately a 25% and 50% improvement over 18 stage ball drop systems in the immediate area.
The Company's half cycle rates of return (IRR) on type wells in 41-07W5M area of Willesden Green are now greater than 55% with payouts of less than 1.5 years (based on current strip commodity pricing), due to the lower service costs and incremental production from the cemented liners. The 41-07W5M…
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