Bellatrix, Daewoo International Enter $200 Million JV, $52.5 Million Asset Disposition Agreement
The JV, which will be effective as of July 1, 2013, will encompass a multiyear commitment to jointly develop the aforementioned acreage in Ferrier and Willesden Green of West Central Alberta encompassing 70 gross wells with anticipated total capital expenditures to the JV of approximately $200 million.
Focusing On Canada’s Light, Tight Oil Plays
Advances in completions techniques and technology lead to increased production in the Bakken, Cardium, Exshaw, and Viking formations.
PanTerra Updates Cardium Disposition
Pursuant to the terms of the commitment letter, the company's revolving operating demand loan will be reduced to $2,100,000.
RockBridge Completes Acquisition Of Producing Properties In Alberta
The largest producing property, operated by a third party, is located in the Pembina area and includes the potential for up to 5 Cardium horizontal oil wells and other possible opportunities for improved production.
DeeThree Exploration Announces 30-Day Cardium, Bakken Well Production Rates
To date in 2013, DeeThree has drilled 13 wells of a planned 31 well drilling program in its core properties.
Lightstream Resources Announces Second Quarter 2013 Production Of 46,000 Boepd
This represents a 19% increase over second quarter 2012 average production of 38,700 boepd, due to the company's continuous execution program, maturing production base and mitigated impacts of spring break-up.
Bellatrix Closes $122 Million Notikewin/Falher, Cardium JV
Bellatrix continues to focus on growth by development of its core Cardium and Notikewin/Falher assets utilizing its large inventory of geological prospects.
Tamarack Valley Energy Announces Results From 2013 Spring Drilling Program
With the company's 2013 spring drilling program now completed, Tamarack expects to meet its second quarter 2013 production target of 2,800 to 2,900 boe/d.
Rockbridge To Acquire Producing Properties In Alberta
The largest producing property, operated by a third party, is located in the Pembina area and includes the potential for up to 5 Cardium horizontal oil wells and other possible opportunities for improved production.