Buffalo Resumes Production at Pincher Creek

Buffalo Resources announced that production operations have resumed at its Pincher Creek gas property following an eleven month shut-in during modifications to optimize Shell Canada's Waterton Gas Plant. During start-up of the Waterton plant, Buffalo is restricted to a maximum production rate of 10.5 MMcf/d of raw gas which is equivalent to approximately 5.8 MMcf/d of sales gas and 172 b/d of condensate, or 1,135 boe/d.

Start-up began on Thursday July 16, 2009 and the field is currently producing at the restricted rate of 10.5 MMcf/d from only three of the six productive wells, including Buffalo's new 11-28-004-29W4 horizontal well.

The 11-28 dual leg horizontal well was drilled and completed in June 2008 and was subsequently stimulated using a staged acid fracture treatment, the first stimulation of this type in the Pincher Creek field. At that time, well testing was limited by the shut-in of the Waterton plant and regulatory restrictions on the flaring of natural gas. During the current start-up, the well produced at initial rates of up to 7.75 MMcf/d of raw gas plus condensate.

Bill Trickett, the Company's President and CEO, stated, "The results of the 11-28 horizontal well support our future exploitation plans at Pincher Creek. Buffalo holds a working interest of almost 100% in 42 sections of land, has recently acquired complete 3D seismic coverage over the property, and wells in the field are generally assigned a 50 year reserve life."

Including 1,135 boe/d of production from Pincher Creek, Buffalo's corporate average daily production rate is currently approximately 3,900 boe/d. Buffalo is a Canadian junior oil and gas company engaged in the exploration, development and production of oil and gas reserves in the provinces of Alberta and Saskatchewan.


Our Privacy Pledge

Most Popular Articles
Related Articles

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours