Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Chinook Planning Further Montney Expansion
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Chinook Energy Inc. has announced its first quarter financial and operating results as well as provided an operational update.
First Quarter 2014 Highlights Drilled and completed our first Montney horizontal well (0.375 net) at Gold Creek which flow tested for a total of 184 hours with final gross rates of 554 bopd plus 3.3 mmcf/d of natural gas (total of 1,107 boe/d) at a flowing casing pressure of 585 psi. Recorded highest Canadian crude oil production volumes since first quarter of 2012 at 2,084 bbl/d and highest percentage of liquids in commodity mix at 47%. Executed a capital program which was 61% greater than first quarter 2013 and participated in six (4.38 net) wells in Canada and four (3.44 net) wells in Tunisia; representing 48% of our original budgeted capital program. First…- ✓ Full news archive — U.S., Canada & international coverage
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