Large oil-in-place pool with 40° API sweet crude offers repeatable, low-risk growth and uses extended reach horizontal drilling with advanced well targeting & frac designs. Cardium trend includes Ridgeback’s West Pembina, East Pembina, Brazeau, Garrington and Lochend areas.
Large Oil in Place: 5 MMbbl/sec
Depth: 1,500 – 2,100m
Well spacing: 4 – 6 wells / sec
Drilling locations: 223 gross (156 net) booked | 174 gross (136 net) unbooked
2019 capex: $42MM allocated to drilling 13 gross (11.3 net) wells