Advantage Oil & Gas Ltd. said on April 12 that production at the Glacier Montney area increased to a record 200 million cubic feet equivalent per day (MMcfe/d), or 33,300 barrels of oil equivalent per day, as planned.
Annual production for 2016 will likely stay within the range of 190MMcfe/d to 210 MMcfe/d. Currently, there are 18 completed and 14 uncompleted wells; they will achieve the 2016 production target and will support production growth through second-quarter 2017.
The Glacier gas plant expansion has the remaining 50 MMcf/d of processing capacity, which production growth will utilize.
Advantage said that its Montney wells continue outperforming with shallower declines; since July, 12 Upper and Lower Montney wells with an average of 18 frack stages were placed on production and longer-producing wells still trend about 1.2 MMcf/d above the well type curve for Upper and Lower Montney wells after 150 days of production.
Also, two liquids-rich Middle Montney wells containing an average of 19 frack stages also have strong performance; one produces 2 MMcf/d above the Middle Montney well type curve after 230 days of production.
Completed wells containing up to 37 frack ports and longer horizontal laterals will be brought on production during 2016.
Advantage also said that Upper Montney wells will cost $4.5 million, and Lower Montney wells will cost $5.5 million, based on an average of 25 frack stages per well.
Middle Montney wells will cost about $6 million based on 25 frack stages.
Advantage Oil & Gas Ltd. is based in Calgary, Alberta.
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