MASS Petroleum Explores Girouxville Oil Rich Region in Alberta
MASS Petroleum is an oil and gas production company backed by an experienced and dedicated management team. MASS Petroleum is currently focused on the oil rich Girouxville region in Alberta, Canada.
The Girouxville area can be characterized by consistent and stable production with significant upside developmental drilling potential. The area is located north east of Edmonton, Alberta and is readily accessible via road and rail. The region also has abundant pipeline infrastructure in place and a politically favorable area to operate in.
In addition, Breaker Energy has proven the viability of the Girouxville area with their drilling success to date. Breaker Energy is a TSX listed Mid-Cap company with recent production of over 350 BOE/d in the Girouxville region and still has numerous drilling opportunities available to continue to expand their reserves and production base. Assuming Breaker Energy was to drill all of its drilling prospects at the present time they could easily add over 2000 BOE/d of daily production.
The area is characterized with many opportunities to drill high quality light oil prospects with seismic data available to minimize the drilling risk. The targets are Slave Point, Granite Wash stacked targets from 2300m to 2500m, based on past drilling success in the area, which comes in at approximately a 90% success. MASS intends to capitalize on the Girouxville area as well as continue their due diligence on several additional project acquisitions located in the Western Canadian oil regions.
To add to the appeal of the Girouxville area, the Alberta government is offering a $1 million royalty free holiday for newly drilled oil wells in addition to providing a drilling royalty credit for new qualifying wells of $200 per meter which can cover almost half the drilling costs.
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- Analyst Says USA Influence on Middle East Seems to be Fading
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally