Delphi Energy's two Montney wells reached a combined gross target rate of 12 million cu ft per day (MMcf/d) and 660 barrels per day (b/d) of wellhead condensate.

Production from the company's first Montney horizontal well at Bigstone East had a rate of 6.3 MMcf/d of raw natural gas and 330 b/d of wellhead condensate. With a shallow-cut gas plant natural gas liquids (NGL) yield estimated at 32 barrels per million cu ft (bbl/MMcf), the total liquids yield is currently 84 bbls/MMcf with 70% being plant and wellhead condensate. Since recovering 100% of the frac oil six days ago, the well has produced at an average rate of 5.9 MMcf/d and 425 b/d of wellhead condensate.

Production from the second Bigstone East Montney well, three miles southwest of the first well, has also increased to a rate of 5.6 MMcf/d of raw natural gas and 330 b/d of wellhead condensate. With a shallow-cut gas plant NGL's yield estimated at 32 bbls/MMcf, the total liquids yield is currently 90 bbls/MMcf with 72% being plant and wellhead condensate. This well has recovered 84% of its frac oil.

The company plans to produce the wells at variable rates and pressures over the next few months to evaluate and optimize production rates and wellhead condensate yields.

A third horizontal well has been rig released after reaching a planned total depth of 5,119 m (16,794 ft) with 2,238 m (7,342 ft) of horizontal hole successfully drilled. Completion operations of this third Bigstone East well will commence after spring break-up.