VAALCO Energy drilled four 2.75-miles wells, apparently in the Western Canadian Sedimentary Basin. (Source: Shutterstock)
Houston’s VAALCO Energy updated field operations on four wells in Canada that it has drilled, completed and brought on production.
The wells appear to have been drilled and completed in the Western Canadian Sedimentary Basin, although VAALCO did not specify their location.
VAALCO said the wells were all 2.75-mile laterals with initial production rates averaging 500 bbl/d of oil for three of the four wells. A fourth well produced an average 350 bbl/d before it was shut down, as regulations require, due to a pressure build-up.
The average cycle time for the wells was about 65 days from rig release to first production.
In the third quarter, VAALCO is targeting an appraisal well in the company’s southern acreage.
“Based on our learnings from last year’s program and to better optimize our Canadian prospects, we are drilling 2.5 to 3-mile laterals almost exclusively, which we believe will further improve the economics of our development program,” CEO George Maxwell said. “Despite challenging winter and spring breakup conditions, this project was completed on budget and on schedule, with all wells brought on production with encouraging early results of nearly 1,850 barrels of oil per day for the campaign.”
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