Base O&G Boosts Production at Pembina Cardium Wells

Base O&G updated the results of its third and fourth earning wells ("Earning Wells") under a previously announced farm-in agreement to develop Cardium production with a private company in the South Pembina area. The third Earning Well was stimulated with a 13-stage frac program and flowed on clean-up for 140 hours. Over a subsequent 48 hour production test, the well flowed at rates of 270 barrels of oil and liquids per day plus 1.8 MMcf/day of natural gas for a combined rate of 570 BOE's per day. To date approximately 60% of the load oil has been recovered. The well is expected to be tied-in by December 1, 2010. Base has earned a 30% working interest in this well and the related section under the farm-in agreement.

The fourth Earning Well is being currently drilled and is expected to be completed with a multi-stage frac program in early December. Under the aforementioned farm-in agreement, by paying 50% of the drilling, completion, equipping and tie-in costs of the fourth Earning Well, the Company will earn a 30% working interest in the fourth Earning Well and the Cardium rights within the section.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Laboratory Technician
Expertise: Laboratory Ops / Tech|Petroleum Engineering|Production Testing
Location: Bakersfield, CA
Reservoir Engineer
Expertise: Reservoir Engineering
Location: Houston, TX
Production Engineering Supervisor Job
Expertise: Engineering Manager|Production Engineering
Location: San Antonio, TX
search for more jobs

Brent Crude Oil : $46.65/BBL 1.78%
Light Crude Oil : $44.24/BBL 1.98%
Natural Gas : $3.04/MMBtu 0.33%
Updated in last 24 hours