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Angle's Slick Water Fracs Fuel Cardium Results, 55% Production Increase
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Angle Energy Inc. has reported an update on its third quarter operations to September 23, 2013.
Angle continues to execute its Cardium development drilling program in Harmattan and Ferrier, and has successfully applied slick-water fracturing technology on a well in its Harmattan Mannville pool.
HighlightsCorporate production for the third quarter is estimated to be 10,100 to 10,200 boe/d (32% light crude oil and condensate, 26% NGLs, and 42% natural gas). Light crude oil and condensate weighting is up from 29% of corporate production in the first quarter of 2013, and reflects Angle's pursuit of more profitable barrels. The third quarter of 2013 was impacted by a planned outage at the Harmattan AltaGas processing plant in early September, which reduced quarterly production by…
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