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clock Created with Sketch. 07/03/23
15:26
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Originally posted by danpech
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Rangers was drilled ahead of Ruby because Camino were drilled Sundance Kid of pattern ( legally) and close to the boundary where they would essentially be draining some of the Rangers DSU reserves. The SK spacing was legal because Woodford wells can be drilled closer to the boundary than Sycamore wells . Since the Woodford is deemed the source of the hydrocarbons in the Sycamore, the OCC gave Camino approval to drill off pattern in the Sycamore formation without penalty. WP is also drilled closer to the eastern boundary than the official recommended distance to the boundary , but is in pattern with SD and Rangers so is legal and now acceptable.
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I thought they were drilling one well in each DSU to get HBP so they can monetise (sell) the DSU’s. Now you say they are drilling more wells to protect the DSU’s? Doesn’t pass the pub test at this stage Dan.
(20min delay)