Donnycreek Energy Inc. (Toronto Venture:DCK) reports that the three wells drilled from the company's first three-well pad at Kakwa have been on production since early October 2014. Donnycreek holds a 50% working interest in the new wells.

The new wells are flowing with initial 30-day production (IP30) gross production rates as follows:

Well2-188-209-20
Gross Natural Gas production (mcf/d)2,8934,0764,047
Gross Condensate production (bbl/d)585561736
Gross Production (boe/d)1,0671,2401,411

The average condensate/natural gas ratio from the new wells is approximately 170 bbl condensate/mmcf natural gas.

Donnycreek reports that current production from the new wells remains at or near rates similar to the IP30 averages.

Completions

Following the drilling and completion operations of the new wells, four additional horizontal middle Montney wells were drilled. Completion and testing operations have concluded at two wells and completion operations are currently underway at another well. The fourth well will be completed in Q1 calendar 2015. These wells will be equipped and tied-in and are anticipated to be on production in Q1 and/or Q2 calendar 2015.

Drilling

The company has also recently finished drilling the first of two extended reach horizontal wells from an existing pad site. The well was drilled to a total depth of approximately 6,160 meters with approximately 2,600 meters of horizontal wellbore in the middle Montney. The second horizontal middle Montney well, drilled from the 8-24 pad site, has spud and is targeted to reach a total depth of approximately 6,000 meters by mid-December 2014. These two wells are scheduled to be completed and tested in Q1 calendar 2015.

Donnycreek is based in Calgary.