Granite Oil Corp. (TSX:GXO) recently announced it saw major advancement in its gas injection enhanced oil recovery (EOR) scheme in the Bakken formation. Last year, the company optimized its development drilling program with modifications to well and completion design, and focused primarily on drilling 15 EOR wells it owns 100%. It also reduced all-in well costs by more than 55% from $2.67 million (2015) to $1.2 million (2016) by optimizing its operational and well design.
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