Operations

Swan Hills

  • Primary Production Development:
    • Swan Hills Fm. light oil
  • 57 producing, operated wells
  • 1,050 bbl/d production (100% oil)
    • <8% decline rate
    • 38 deg API light oil
  • 478 mmbbl OOIP
    • Cycle 3 – 242 mmbbls OOIP
    • Cycle 2 – 157 mmbbls OOIP
    • Cycle 1 – 79 mmbbls OOIP
  • 57 mmbbls oil recovered to date (12%)
  • 70 mmbbls oil of unbooked incremental potential recovery @ 30%
  • 178 future locations (TP+P)
  • $50/bbl operating netbacks @ $80 USD/bbl WTI
  • 62,240 total acres 95% W.I. avg

NW-Alberta

  • Primary Production Development:
    • Prestville oil: Slave Pt. Fm.
  • 14 producing, operated wells
  • 600 boe/d production (80% oil)
    • 8% production decline
    • 38 deg API light oil
  • 20 mmbbl Reserves OOIP
  • 8% recovery to date
  • 4.4 mmbbls of unbooked potential incremental recovery @ 30%
  • $40/bbl netbacks @ $80 USD/bbl WTI
  • Hotchkiss/Chinchaga gas:
    • Slave Pt. Shunda, Debolt
  • 60,160 total acres (NW AB)