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Strathcona Resources Ltd BKBEF


Primary Symbol: T.SCR Alternate Symbol(s):  STHRF

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties. It is a producer in the Cold Lake region of Alberta. Its operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from SAGD oil assets. Its Montney development is positioned in some of the active regions in the Montney basin, the condensate-rich Kakwa, Grande Prairie, and Groundbirch regions, and produces liquids-rich gas.


TSX:SCR - Post by User

Post by Bennys65on Jan 14, 2021 9:43am
168 Views
Post# 32293058

Paul defines ,Pipestone is in Montney sweet spot.

Paul defines ,Pipestone is in Montney sweet spot.Paul W explains.We are liquids rich.Alot of Montney producers are showing 30-50 barrels of condensate per 1000.Pipe is showing 150 -200 and in some wells more yielding 400 000  for condensate per well.As condensate is 75% of rev this is important.The Montney is over six hundred feet thick on PIpe land base.This allows for 4 benches to drill as other companys in our area are doing.At present we are only drilling two.The other two benches represent additional future upside.Paul also alluded to another bench below the lower montney.Thirdly we are overpressured.This gives us high natural flow rates without the added expense of pumps etc to get the product to surface.The combination of these three things are why we are viewed as having such a great land base
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