Quote:
Originally Posted by Tinordi
Most concerning to the industry are increasing whispers about new in situ wells not performing nearly to spec. It's a dirty little secret that most of the best in situ sites are already taken and vertical faults are significantly reducing production from new wells.
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I wouldn't listen to those whispers, the percentage of the lease that companies are currently accessing is a fraction of the total. There are plenty of examples of SAGD projects running above nameplate because the producers are conservative with production estimates. New technology like non-condensable gas injection, infill wells, ect will lower SOR considerably and bring on new cheap production.