Exploration & Production
Bakken, Cardium Plays Ramp Up PetroBakken Production
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PetroBakken Energy Ltd. has reported an update on operations and our 2013 hedging program.
Production in early December 2012 has reached approximately 51,000 boepd (based on field estimates), up 6,000 boepd since early November 2012 as we continue to execute on our 2012 capital plan.
Production growth primarily came from the Bakken and Cardium business units, which are PetroBakken's most active areas. Since the end of the third quarter, the company has drilled 67 net wells and placed 76 net wells on production. This includes 26 net wells drilled and 33 net wells placed on production in the Bakken business unit, 28 net wells drilled and 35 net wells placed on production in the Cardium business unit, 12 net wells drilled and 8 net wells placed on production in the Conventional business…
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