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Southern Pacific Resource Corp STPJF

Energy Oil & Gas E&P
Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.


GREY:STPJF - Post by User

Southern Pacific Resource Corp > Well Performance
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Comment by nikeherculeson Jun 25, 2014 12:31pm
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Post# 22693641

RE:RE:RE:Well Performance

RE:RE:RE:Well Performance
PeakOilBoy - Head over to slide 70 on the most recent AER presentation.

Scheme Performance Key Learnings

-Implement tighter lateral inter well pair spacing on future drills.

-Reduce Producer and Injector wellbore spacing.

-Keep consistent separation between Producer and Injector wellbores.

-Potentially implement HPSS with a balanced differential pressure early in a wells life.

-Install ICD’s to achieve uniform drawdown and optimal conformance.

-Acid Wash results indicate plugging mechanisms are not present in early well lift at STP

https://www.aer.ca/documents/oilsands/insitu-presentations/2014AthabascaSouthernPacificMckaySAGD11461.pdf

There's also an article on the financial post about how the Chinese are not happy with the returns on their canadian oil investments. Athabasca is mentioned.

https://business.financialpost.com/2014/06/24/sunshine-oilsands-ltd-facing-cash-crunch-as-asian-investors-appear-spooked-by-poor-returns/?__lsa=98ad-2804
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