Exploration & Production | Operational Updates
Deethree Meets Production Goal for 2013, Move to Increased Laterals in Brazeau
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Deethree Exploration Ltd. has announced that based on field estimates it met its targeted 2013 exit production rate of 10,000 boe/d in December 2013 having attained a maximum rate of 10,200 boe/d (81% oil and NGLs and 19% natural gas).
DeeThree's current production rate is approximately 9,500 boe/d (76% oil and NGLs and 24% natural gas).
The Company currently has three drilling rigs active in the Brazeau area with a fourth rig to commence drilling in the Alberta Bakken in the coming days. Current additional operations include the expansion of the enhanced recovery re-injection scheme in the Alberta Bakken including the addition of a second re-injection well soon to be operational as well as the continuation of the multi-lateral horizontal drilling initiative in Brazeau which is improving…
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