Operator · Cardium Shale
Yangarra Resources Ltd.
36 articles mentioning Yangarra Resources Ltd. · Page 2 of 2
Yangarra Switches to Cemented Liners, Drills First 1.5 Mile Well
Yangarra is now drilled and cased its first 1.5 mile (4,320 m measured depth) Cardium earning well.
Yangarra Unveils Cardium 30-Day Well IPs; Talks Design
The Company's half cycle rates of return (IRR) on type wells in 41-07W5M area of Willesden Green are now greater than 55% with payouts of less than 1.5 years.
Yangarra Raises Funds To Drill Duvernay Wells
The proceeds of the CEE FT Shares are expected to be used by Yangarra to drill three strata-graphic vertical test wells.
Yangarra's Strategy for De-Risking the Duvernay
Wait for larger operators to de-risk the play - the company is in a high porosity, rich gas section of the play.
Lower Costs Prompt Continued Drilling for Yangarra
Significant discounts recently offered by service providers, plan to drill 2-3 more wells prior to break up.
Yangarra Tags Duvernay Well; Seeks JV Partner
With the drilling of its latest well, Yangarra has now extended the tenure of the Willesden Green land block to October 2020 .
Yangarra Increases Production 36%
Production for the quarter was 3,039 boe/d (48% oil and NGL's), a 36% increase from the same period in 2013.
Yangarra's Production Increases Over Year Despite Repairs
Production for quarter was 2,606 boe/d, a 32% increase from the same period in 2013. 650 boe/d was shut in while various facilities were under repair.
Yangarra Increases 2014 Budget, 28 Wells Planned
Increasing 2014 capital budget to $75 MM, with 28 gross (22.7 net) HZ wells planned for the year, plus a Duvernay strata-graphic vertical test well.
Yangarra Resources Finances Capex Increase
Yangarra will issue common shares for gross proceeds of $25,000,250 to increase its 2014 capex from to $75 million.
Yangarra Spins Bit at 6 Cardium Wells in 1Q; Eyes Lower Well Costs
During the first quarter of 2014 the Company drilled 6 gross (5.9 net) wells in the Cardium formation.
Yangarra Adds Two Independent Directors to Board
Yangarra Resources Ltd. has reported the appointment of Neil Mackenzie and Ted Morton as independent members of the Board of Directors.
Yangarra ID's 30 Long Lateral HZ Wells for Drilling After Thaw
Yangarra has identified 30 Cardium and Glauconite locations that could be developed with long reach (1.5 mile & 2 mile) horizontal wells. Yangarra plans to drill its first long-reach horizontal well after spring breakup in 2014....
Yangarra Announces Capital Budget for 2014
With the addition of a Duvernay strata-graphic vertical test well, 2014 capital spending is now forecasted to be $50.0 million.
Yangarra Resources Funds Further Exploration
The total aggregated gross proceeds are $13,510,975 and up to $14,636,875 pursuant to the full exercise of the Over-Allotment Option. The proceeds from the issuance of CEE FT Shares will be used by Yangarra to incur...
Yangarra Resources Reports Production Forecast Slightly Down
Due to the drilling of additional oil targets versus liquids rich natural gas, the Company's 2013 annual production is now forecast to be 2,200 boe/d down from 2,400 boe/d; with cash flow expected to be within...