Kerry Lutz sits down with Samuel David, the driving force behind Prospera Energy's (πŸ‡ΊπŸ‡ΈGXRFF -- πŸ‡¨πŸ‡¦PEI) recent success of their drilling program. They dive into the company's latest achievements, future plans, and their unwavering commitment to reducing their environmental footprint.

βœ… Successful Drilling Program: Prospera Energy has seen immense success with their recent drill program, boasting a 5 out of 5 success rate on their horizontal wells.

βœ… Impressive Production: Not only have all wells been successful, but the production levels have surpassed expectations, promising higher profits for the company.

βœ… Delicate Drilling: Samuel sheds light on the intricacies of drilling in their specific reservoir, emphasizing the importance of minimizing high drawdown.

βœ… Future Endeavors: Prospera Energy is geared up for more. Plans are in place to continue drilling and also convert certain wells to injectors, ensuring a steady flow of production.

βœ… Operational Success: Their advanced operation and building techniques have been validated by the reserve life index of the reservoirs.

βœ… Financial Uplift: Prospera Energy is on a roll, running above their set budget. Plus, they've achieved a significant reduction in operational costs, slashing them from $60 to a mere $33 per barrel.

βœ… Eco-friendly Steps: The company isn't just about profits. They have outlined plans to retire 36 vertical locations and are gearing up for a reclamation program next summer, all in a bid to reduce their environmental impact. (Disclosure we hold shares in this company, which is not a sponsor to the channel)

Visit Prospera's site at: https://ProsperaEnergy.com

Direct download: 094_Prospera_Energy_FSN.mp3
Category:general -- posted at: 10:38am EDT

1



-->

Syndication

Categories

Archives

October 2023
S M T W T F S
     
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31