Ridgeback’s development is focused on conventional & unconventional oil plays in our core areas.
Ridgeback currently has >500 gross (~400 net) booked locations representing ~6.5 years of drilling inventory. The unbooked drilling inventory represents an additional ~400 gross (~315 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: 212 gross (167 net) booked | 275 gross (207 net) 200m infills unbooked
2018 capex: $50MM allocated to drilling 40 gross (31 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: 34 gross (30 net) booked | Significant unbooked potential
2018 capex: $4MM allocated to drilling 5 gross (5 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 (162 net) booked | 115 gross (84 net) unbooked
2018 capex: $70MM allocated to drilling 22 gross (20 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: 9 gross (9 net) booked | 18 unbooked
2018 capex: $30MM (incl. infrastructure) – $18MM infrastructure plus the drilling of 8 gross (8 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: 31 gross (28 net) booked | 6 gross unbooked
2018 capex: $5MM – 1 gross (1.0 net)
