Exploration & Production
PetroBakken Sees Production Growth in Cardium, Update Montney and Duvernay Projects
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PetroBakken Energy, is pleased to announce our second quarter financial and operating results.
Bakken Business Unit UpdateIn southeast Saskatchewan, the Bakken business unit averaged 14,819 boepd of production during the second quarter. A significant portion of the decrease from the first quarter was the result of the 2,900 boepd non-core Bakken disposition which occurred near the end of the first quarter. In addition, spring break-up resulted in moderated field activity and shut-in production due to limited access to wells. Activity levels resumed towards the end of the quarter, with 6 net wells drilled and 4 net wells brought on production. Currently, we have 7 drilling rigs operating in this business unit and have drilled 12 net wells since quarter-end, with 11 net wells waiting to be…
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