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 ~620 gross (~500 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: 275 gross (214 net) booked | 152 gross (112 net) unbooked
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: 30 gross (24 net) booked | Significant unbooked potential
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: 160 gross (111 net) booked | 200 gross (147 net) unbooked
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: 16 gross (16 net) booked | 16 gross (16 net) unbooked
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: 41 gross (34 net) booked | 38 gross (29 net) unbooked
Geological characteristics that are conventional in nature, supporting low completion costs and some of the strongest economics in Western Canada. Considerable undeveloped potential in two core areas.
Large Oil in Place: 6 MMbbl/sec
Depth: ~1,400m at Balsam to ~2,300m at Beaverlodge
Well spacing: 4 wells / sec
Drilling locations: 64 gross (45 net) booked | 182 gross (174 net) unbooked
