VAALCO Energy Inc. drilled, completed, and brought onto production four development wells in Canada, the company noted in a release detailing operations.
All wells contained 2.75-mile laterals. Three of the four wells had about 500 bo/d initial production rates. The fourth well had about 350 bo/d prior to shut-in for a regulatory required pressure build up. Average cycle time for the four wells was about 65 days from rig release to first production.
VAALCO is targeting a third-quarter 2024 appraisal well in its southern acreage, and is drilling 2.5-3-mile laterals almost exclusively to improve economics of the development program, it said.
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
