Could you imagine, in an industry that must operate with complete transparency, that some people would make investment decisions using news that has already made headlines? We can't, so we decided to change the way our clients think about upstream news.
Our Weekly Pulse pulls excerpts from HTM's Basin News feed; a completely unique tool that monitors upstream activity in Western Canada and reports on happenings that will eventually make headlines. Learn more about our news feed here.
Every Monday morning at 9am MST we provide a glimpse into select client insights from the weeks prior. Here we report just the facts; clients can login to read more about the short- and long-term implications of what's shared within. We do not offer a public archive of these briefs, nor an email alert, so be sure to check back regularly while new extracts are live.
You may browse abbreviated versions of select past papers in our Public Insights portal.
We are also pleased to offer an abbreviated copy of our WCSB Atlas, available here (no email required).
Despite directly offsetting production, wells that Coelacanth TIL’d into permanent facilities earlier this year have been meaningfully outperforming offsetting Vermilion wells. There was very little difference in frac design, the first phase of Coelacanth’s pad was open hole ball drop, and the second plug-n’-perf, while Vermilion’s pad was all plug-n’-perf. Both were treated with similar proppant loadings and stage counts.
The key difference is Coelacanth wells have been soaking for 18 months (Ph. I) and 7 months (Ph. II), while the Vermilion wells were flowed back almost immediately. If the soak period has a meaningful impact on oil recoveries (currently the Coelacanth EURs from the same bench are tracking to >100% higher than Vermilion’s), we think there is meaningful upside to flowback strategy across the updip Montney, including Coelacanth, Vermilion, Storm, Logan, TAQA, and Advantage's positions in the same, or similar geologic conditions.
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