Vermilion
Vermilion
Vermilion
Canada

Canada

  • Vermilion has over 15 years of successful Canadian operations
  • Canada provides a vast source of oil and gas technology and trained personnel
  • New well completion techniques are revitalizing the Western Canadian Basin

Canada Business Unit Production & Activity Review

Production

  • Q2 2017 average production increased by 14% from Q1 2017primarily due to organic production growth in our Mannville condensate-rich gas resource play and organic production growth in southeast Saskatchewan. On a year-over-year basis, production increased as a result of strong organic production growth in the Mannville.   
  • Mannville production averaged approximately 14,700 boe/d in Q2 2017, representing a 23% increase quarter-over-quarter. 
  • Cardium production averaged approximately 5,700 boe/d in Q2 2017, in cline with prior quarter
  • Production from southeast Saskatchewan averaged approximately 2,900 boe/d in Q2 2017, an increase of 45% quarter-over-quarter.

Activity review

  • Vermilion did not drill any operated wells in the second quarter and participated in the drilling of one (0.4 net) non-operated well.

    Mannville

    • During Q2 2017, we brought four (3.2 net) operated wells on production. We participated in the drilling of one (0.4 net) non-operated well.
    • In 2017, we plan to drill or participate in 23 (16.3 net).

    Cardium

    • In Q2 2017, we brought three (3.0 net) operated wells on production.
    • Our 2017 program has been expanded to drill seven (7.0 net) wells.

    Saskatchewan

    • In Q2 2017 we brought five (5.0 net) operated wells on production and placed one (0.3 net) non-operated wells on production.
    • In 2017, we plan to drill or participate in 13 (11.3 net) wells.

Please see our Q2 2017 Report for further information

Canada