Production at Canbriam Energy Inc.’s liquids-rich Altares Montney asset reached 30,000 barrels of oil equivalent per day (boe/d) in early 2016 due to the addition of gas processing and water handling infrastructure, the company said March 16.

The asset is west of Fort St. John, British Columbia, and it is undergoing a reduced pace of development for the year due to low commodity prices.

Production currently averages 27Mboe/d due to well shut-ins required for ongoing completions activities.

In fourth-quarter 2015, production averaged 22,920 boe/d and full-year 2015 production averaged 17,898 boe/d, 84% natural gas, 7% condensate and 9% butane and propane.

During the fourth quarter, five new wells were added, bring total development wells to 38. Of that amount, 74% are in the Upper Montney and 26% are in the Lower Montney.

The Altares Montney is highly overpressured and downhole chokes are used, the company said.

For 2016, production based on the current 8-well program will average between 27Mboe/d and 30Mboe/d.

On Sept. 30, 2015, Canbriam commissioned Phase 2 of its b-72-A natural gas processing facility, increasing total production capacity to about 40Mboe/d including current NGL yields.

In fourth-quarter 2015, Canbriam recycled and reused more than 99% of its produced water and flowback water from fracking operations. Its closed system eliminates the need to truck in any freshwater, produced water or wastewater, the company added.

Canbriam is targeting a capital budget between CA$100 and CA$110 million in 2016, about two-thirds of which will support drilling and completions at Altares Montney. The remainder will support ongoing infrastructure development.

Capex will be funded through money from operations, cash on hand and through its $250 million undrawn credit facility.

Canbriam Energy Inc. is based in Calgary, Alberta.