GREY:TBTEF - Post by User
Comment by
dogger2on Jan 11, 2010 9:23pm
558 Views
Post# 16666603
RE: Strategy Shift?
RE: Strategy Shift?Well!!! sent an email to see what is happening at Pincher Creek . Waiting for a reply.bshort asking hard questions that I can't answer either.Some info that might be of interest .
.
think they were only running at 1,135boe/d for awhile following the Waterton start up, perhaps to test their 11-28 well. Sour gas so I'm not sure what the netbacks are or what nat gas needs to be at to be profitable .
News Releases August 18
At Pincher Creek in the southern Alberta foothills, Buffalo has an
extremely long reserve life index ("RLI") (20+ years) gas property where
recent horizontal drilling has enhanced deliverability. This property was
shut-in approximately one year ago while the third party processer underwent a
major turnaround on its facility. The property was recently restarted for test
purposes and produced over a short period, at rates in excess of 1,000 boe/d,
before being restricted to 300 boe/d as a result of current gas economics. It
is anticipated that the property will resume full production late in 2009 at
stabilized rates of 650 boe/d.
RUN has some interest in the area... long life wells
Pincher Creek Existing 15-5 well
- Long Life
- Flat profile
- 80% of original pressure
-Produced 11 BCF to date (35 years)
- 1970 began at 900 mcf/d
- April 2005 produced 650 msf/d
- Flat decline curve