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Fall 2010 Asset Sale |
Bids Due: Nov. 10, 2010 |
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Primary Contact: 403-299-8447 |
Introduction Letter | Foreward & Disclaimer | Asset Sale Overview Northern Alberta: Overview | Utikuma | Minor Properties North Eastern Alberta: Overview | Ashmont Central Alberta (Non-Unit): Overview | Swan Hills/Virginia Hills & Judy Creek | Ferrier/Willesden Green | Minor Properties Central Alberta (Unit): Overview | Virginia Hills Unit | Leduc Unit South Central Alberta: Overview | Michichi | Drumheller | Richdale Southern Alberta #1: Overview | Bantry | Pekisko (Princess) | Mannville Waterflood Southern Alberta #2: Overview | Alderson | Bow Island Royalty Group: Overview | Properties |
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SOUTHERN ALBERTA #2 - ALDERSON
Operated, light oil position in a moderately active area,with long RLIs.
LAND
The Company owns 100% of the 1,030 acres in the Southern Alberta Alderson asset.
PRODUCTION
Production is from the Lower Mannville Formation. The Company’s Share of production in June was 36 boe/d.
FACILITIES/INFRASTRUCTURE
The wells within the Alderson field are connected by pipeline to the 10-03-015-11W4 100% working interest Alderson Oil Facility where the oil is treated, then trucked to the Bow Island Pipeline Terminal.
A water disposal well is located at 06-02-015-11W4.
MARKETING
Oil is sold to Plains Marketing on a short term contract.
RESERVES
Proved Developed Producing reserves of 213 Mboe have been assigned at Alderson with a total Proved Plus Probable Producing value of 252 Mboe.
Sunburst Formation: The Sunburst Formation is part of the Lower Mannville Group and rests unconformably on Mississippian sediments. Reservoir sands in this area were deposited in a dominantly fluvial setting. Trapping is largely stratigraphic, however structural traps are also present, especially where associated with topography on the Pre-Cretaceous unconformity. In Alderson, the Sunburst reservoir sand has a gross thickness of 4.5- 12 m. Porosity ranges from 8- 30% and permeabilities reach up to 4,200 mD.
