The Conventional Well Task Force: Cost savings and teamwork lead to top recognition

January 2024 – In a competitive industry like ours, every dollar matters. And companies with people who find innovative ways to reduce costs while upholding foundational priorities, like safety and environmental stewardship, can achieve great things. That’s exactly what our Conventional Well Task Force did. The group of internal experts supporting our Conventional operations in Western Canada was established to reduce capital, shorten the time it takes to bring new wells on to production and maximize value while maintaining safe operations.

Thanks to their efforts, the task force redefined how we drill wells, prepare them for extraction of natural gas and connect them to our existing infrastructure for processing. This reduced the development costs of each well by 17%, translating into significant expected capital savings for future development.