Solara Exploration Ltd., Calgary, (TSX: SAA) has recently participated in the completion and stimulation of a horizontal Cardium well located at Lsd. 8-17-45-5 W5M in the Buck Lake (Pembina) area of Alberta, in which the company owns a 20.67% working interest.
The well was placed on production on June 29, 2011 and continued to flow and produce at average rates of approximately 700 BOE/d comprised of 580 bbls/d of oil and 720 Mcf/d of natural gas per day for the first fourteen days. As at July 12, 2011, the well continued to produce approximately 464 BOE/d at a tubing pressure of 1,700 kpa. Initial production rates may not be reflective of sustainable daily production rates and future production rates may differ materially from the production rates reflected in this press release. Based on management's technical assessment, Solara has five additional horizontal Cardium development drilling locations on its lands in the Buck Lake (Pembina) area of which the company plans to operate and drill two locations with the first well (20% working interest) scheduled later this month and the second well (100% working interest subject to GOR) to be drilled in August.
The company also advises that it recently drilled and cased a potential oil well on its Borradaile project in eastern Alberta. Solara plans on completing and equipping the well for production within the next few weeks. This well is the second well to be drilled on the Borradaile project since the original discovery well was drilled in March, 2011. In addition, Solara has drilled and cased a potential oil well on its Rivercourse property located in eastern Alberta. The company plans to undertake completion operations before the end of July. Solara owns a 100% working interest in the Borradaile well and 94% in the Rivercourse well.
Recommended Reading
Weatherford to Deliver Drilling Services to Bapco Upstream in Bahrain
2024-06-06 - The contract with Bapco Energy subsidiary Bapco Upstream replaces Weatherford’s old drilling services contract from 2015.
TGS Grants Early Access to CCS Data Along Texas, Louisiana Gulf
2024-07-15 - TGS’ carbon storage dataset covers the available Texas General Land Office lease blocks and is scheduled for release in early August.
TGS to License Tanzania’s Offshore Subsurface Data
2024-06-20 - TGS, in an agreement with Tanzania’s Petroleum Upstream Regulatory Authority, reserves the right to license all of the country’s offshore data, acquire future seismic data and reprocess existing data.
TotalEnergies Makes FID on Kaminho Deepwater Project
2024-05-21 - TotalEnergies, in partnership with Petronas and Sonangol, said production is expected to begin in 2028 and reach a plateau of 70,000 bbl/d of oil.
New Permian Math: Vital Energy and 42 Horseshoe Wells
2024-05-10 - Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million.