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Headwater Exploration Inc T.HWX

Alternate Symbol(s):  CDDRF

Headwater Exploration Inc. is a Canada-based resource company, which is engaged in the exploration and development and production of petroleum and natural gas in Canada. The Company's core operating areas are Marten Hills and McCully Field. Marten Hills is located approximately 250 kilometers (km) north of Edmonton, Alberta, within the Clearwater play. It owns approximately 270 sections of Clearwater rights. The McCully Field is located approximately 10 km northeast of Sussex, New Brunswick, in the farming community of Penobsquis. It owns and operates a natural gas processing plant, with a processing capacity of about 35 million standard cubic feet per day (mmscfpd), and a 50 km transmission line connected to the Maritimes and Northeast pipeline. The Company has oil production, reserves, and lands in the Clearwater play in the Marten Hills area of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick.


TSX:HWX - Post by User

Post by Bennys65on Aug 30, 2023 5:32am
417 Views
Post# 35611309

Low Perm heavy the new sexy

Low Perm heavy the new sexyHwx just formed a new ventures group.They are buying up new land at a fast clip.Nuttall has said on bnnthey are looking to use new fan style,fishbone ,stringwray etc drilling to make low productivity areas more productive or to convert non productive wells to economic ones.In the clearwater they are trying it in peavine and west martin.Neil in his Ros Bros talk said  he does not look to be first on a new play concept but is happy to be third as he can learn from earlier work done by others.So in the clearwater Spur and Delta were early hwx came in with cve bid.Lcx is all raging river people with hwx board members and neil as special advisor to the board.They are basing a new company,went public in nov 2022 on this approach.Jeremey at Raymond James showed a wonderfull example of how this new well well design improved performance.Very early days as everyone is still buying land but clearly will add a lot of interest in the coming days.Tve is taking it to their  southern clearwater this fall and others will follow.
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