A topic that is often brought up, but rarely addressed in a quantifiable manner is drilling efficiencies. Using a data set supplied by June-Warren Nickle’s, we have tried to extrapolate drilling efficiencies by formation in Western Canada. On average, when adjusting for formation type, we believe drilling efficiencies improved by 5% in 2015 when compared to 2014.
16 Feb 2016
Drilling Efficiencies Improving in Western Canada
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Drilling Efficiencies Improving in Western Canada
Precision Drilling Corporation (PD:TSE), 0 | Trinidad Drilling (TDG:TSE), 0 | Western Energy Services Corp. (WRG:TSE), 0
- Published:
16 Feb 2016 -
Author:
Ian B. Gillies -
Pages:
6
A topic that is often brought up, but rarely addressed in a quantifiable manner is drilling efficiencies. Using a data set supplied by June-Warren Nickle’s, we have tried to extrapolate drilling efficiencies by formation in Western Canada. On average, when adjusting for formation type, we believe drilling efficiencies improved by 5% in 2015 when compared to 2014.