Exploration & Production | Drilling / Well Results | Top Story
Tamarack Valley Cardium Well Outperforms at Buck Lake
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Tamarack Valley Energy Ltd. has surpassed its 2013 average production and 2013 exit production guidance as a result of our continued success in the Cardium and Viking.
Based on field production estimates for December 2013, the Company averaged 4,718 boe/d (approximately 62% liquids), exceeding its exit production guidance rate of 4,200 to 4,300 boe/d. Based on these field estimates, the Company's average production for 2013 was 3,276 boe/d, exceeding the original 2013 production guidance of 2,900 to 3,000 boe/d, (which was later increased to 3,150 to 3,250 boe/d due to the Sure Energy Ltd. acquisition on August 20, 2013).
During the first three weeks of January 2014, permanent facilities were being installed on 4 gross (2.38 net) Cardium wells. Two of the 4 wells are on production, with…
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