Exploration & Production | Quarterly / Earnings Reports
Delphi Touts Over 50% Upswing in Bigstone Montney Reserves
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Delphi Energy Corp. has reported updated crude oil and natural gas reserves information as of June 30, 2013.
In the first six months of 2013, Delphi continued the development of its Montney play at Bigstone by bringing three additional horizontal Montney wells on production. These three new wells were completed with a slickwater hybrid fracture stimulation, a completion technique which had not been undertaken in the greater Bigstone area. Due to the success and exceptional production results of this new completion technique, Delphi engaged GLJ Petroleum Consultants Ltd. (GLJ) to complete a midyear reserve update effective June 30, 2013.
Highlights: Increased total proved reserve value (before income taxes, discounted at 10 percent) by 56 percent to $331.9 million compared to December 31…- ✓ Full news archive — U.S., Canada & international coverage
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