Wainwright
| Fast Facts: | |
 |
|
| Main Properties: | Wainwright, Provost, Marwayne, Wildmere, Lloydminster, Marsden, Sugden |
| Production Mix: | 6% light crude oil 55% heavy crude oil 39% natural gas |
|
|
Key characteristics of the Wainwright property group include: extensive developed and undeveloped lands totalling 675,000 net acres, low-decline heavy oil and Viking natural gas production, and widespread infrastructure ownership. These advantages allow Penn West to continually fine-tune operations while adding new production at low risk and cost throughout the area.
With hundreds of producing oil wellbores, some dating to the late 1940s, the Wainwright region holds a very large optimization inventory. Additionally, multi-zone shallow gas formations combined with region-wide legacy infrastructure and hundreds of existing wellbores create a large inventory of natural gas optimization projects, well recompletions and low-risk drilling opportunities.
