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The liner was successfully cemented in place with 37 sleeves at approximately 65 m spacing. The well drilled approximately 2,400m of high-quality reservoir sands with excellent oil shows for 100% of the lateral. Prairie Provident’s most recent Lithic Glauconite channel well was drilled in a southeastern block of prospective lands at 103/03-29-018-10W4. It was brought on production October 2 nd and over the first 30 days of production, it has averaged approximately 185 bbl/d of heavy oil and 0.22 MMcf/d of conventional natural gas for a total of 220 boe/d.
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The 2010m of lateral section was completed with 15 frac stages at 120 m spacing. The 104/14-12-019-11W4 was drilled in the Lithic Glauconite channel and encountered consistent oil shows throughout the lateral section culminating in 80% of the horizontal in high quality reservoir. The well was brought on production September 14 th and over the first 30 days of production averaged approximately 111 bbl/d of heavy oil and 0.47 MMcf/d of conventional natural gas for a total of 190 boe/d. The 1,919m of lateral section was completed with 16 frac stages at 110 m spacing. The 2021 second half 3-well program began with the 103/11-13-018-11W4 drilled in the Ellerslie formation with 75% of the lateral in fair to good reservoir with oil shows throughout. Current corporate average daily production based on field estimates is approximately 5,175 boe/d (69% liquids). Two Lithic Glauconite horizontal wells and one Ellerslie horizontal well were brought online in the second half of 2021.
#1 cad to usd update
(“Prairie Provident”, “PPR” or the “Company”) is pleased to provide an operational update outlining the successful second half 2021 drilling program in its core Princess area. Calgary, Alberta – Decem– Prairie Provident Resources Inc.