Midstream - Pipelines | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Hemisphere Minimizing 2016 Ops; Ups Production 13% in 2015
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Hemisphere Energy Corporation reported operational and corporate updates.
Key Points: Capital investment will be minimal through the first half of 2016 as we continue to monitor the waterflood in Atlee Buffalo and optimize the additional water disposal capacity in Jenner. Hemisphere anticipates expanding the waterflood in the Atlee Buffalo Upper Mannville F pool with the conversion of one additional well to a water injector. It is estimated that approvals will be in place for this operation in the third quarter of 2016. Hemisphere achieved an average corporate production rate for 2015 of approximately 774 boe/d (80% oil) which is a 13% increase over 2014 despite not drilling any new wells and converting two producing oil wells to water injection wells in the Atlee Buffalo Upper Mannville…- ✓ Full news archive — U.S., Canada & international coverage
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