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Anderson Energy Plans Its First Long-Reach Horizantal Well in The Cardium
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Anderson Energy Ltd. announces its operating and financial results for the second quarter ended June 30, 2014.
Highlights: The average initial production rate over the first 30 days for the eight Cardium horizontal wells drilled in the current program was 511 BOED. The Company made a significant Cardium liquids-rich gas discovery. Based on various industry publications, the two wells drilled into this pool were in the top 10 new producing Cardium gas wells in Alberta in April and May 2014. Production in the second quarter of 2014 was 3,414 BOED (30% oil, condensate and NGL) compared to 2,958 BOED (39% oil, condensate and NGL) for the first quarter of 2014, a 15% increase over the first quarter BOED production. Funds from operations were $5.5 million in the second quarter of 2014…- ✓ Full news archive — U.S., Canada & international coverage
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