Ridgeback’s development is focused on conventional & unconventional oil plays in our core areas.
Ridgeback currently has >600 gross (~450 net) booked locations representing ~10 years of drilling inventory. The unbooked drilling inventory represents an additional ~480 gross (~360 net) locations.
Light, sweet oil-weighted opportunities featuring 40° API targets. Low risk, repeatable, infill and delineation drilling and the opportunity to downspace offers significant long-term growth potential.
Large Oil in Place: 4.5 mmbbls/sec
Depth: 1,600m
Well spacing: 4-8 wells/sec
Drilling locations: 298 gross (233 net) booked | 196 gross (149 net) unbooked
2019 capex: $53MM allocated to drilling 33 gross (22.5 net) wells
Light oil-weighted opportunities featuring 35° API targets. Conventional openhole play offers low-risk development with exploration upside.
Large Oil in Place: 5-10 mmbbl/sec
Depth: 1,300m
Well spacing: 150m inter well
Drilling locations: 33 gross (26 net) booked | Significant unbooked potential
2019 capex: $6MM allocated to drilling 5 gross (4.6 net) wells
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
Significant 100% working interest land position targeting 35-40° API, 1.5% sour locations. Geological mapping supports the offsetting Triassic G (Montney) oil pool extension onto Ridgeback’s lands.
Large Oil in Place: 10 MMbbl/sec
Depth: 1,850m
Well spacing: 6 wells / sec
Drilling locations: 23 gross (23 net) booked | 6 unbooked
2019 capex: $20MM allocated to driling 6 gross (6 net) wells
Light oil play 40° API sweet with infrastructure to support further growth. Implemented successful waterflood in Q2 ‘16
Large Oil in Place: 5 MMbbl/sec
Depth: 2,225m
Well spacing: 4 wells / sec
Drilling locations: 30 gross (28 net) booked | 39 (29 net) gross unbooked
2019 capex: No current plans
