As John Wright has already pointed out PBN has been seeing lower costs for drilling and completing wells in the Cardium. This article simply confirms what he has already communicated.

This should has resulted in improved cost performance in 2012 that should continue into 2013. This is a good time to focus on organic growth - provided the price of oil remains attractive.

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/drilling-slowdown-deepens-as-natural-gas-glut-persists/article6799412/