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Athabasca to Accelerate Montney, Duvernay Ops; Wells Impress
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Athabasca Oil Corporation reported its 2016 first quarter results and an operations update. The Company continues to advance significant strategic and operational milestones in both its Light Oil and Thermal Oil divisions despite exceptionally challenging external market conditions.
Key Points: At this time no additional Light Oil capital has been approved for the second half of 2016. Athabasca has operational readiness to increase development in both the Montney and Duvernay. Duvernay - During the first quarter, Athabasca successfully demonstrated the impact of a two well proppant loading test in the volatile oil window realizing a 40% uplift in IP30 productivity. Montney - Encouraged by the initial production with restricted IP30s averaging 771 boe/d (59% liquids, 182 bbl/mmcf free…- ✓ Full news archive — U.S., Canada & international coverage
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