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Chinook Moving Montney to Development in 2015
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Chinook Energy Inc. has announced that its Board of Directors has approved a $135 million capital program for 2015 focusing on the development of liquids rich natural gas at Birley/Umbach, British Columbia and light oil at Grande Prairie, Alberta.
Chinook is also updating its 2014 guidance and providing guidance for 2015.
Chinook's capital program for 2015 is designed to phase-in production growth throughout 2015 as Chinook moves from successful Montney delineation activity in 2014 to development of this resource in 2015.
2014 has been a defining year for Chinook as it completed its transformation from a hybrid international company to a focused western Canadian producer that is developing a large Montney resource across two very prospective areas. In 2015, Chinook…
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