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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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SOUTH CENTRAL ALBERTA - DRUMHELLER
The Drumheller field has been a primary target for Belly River and Viking wells. This field is a non-operated shallow gas field.
LAND
The Drumheller interests are located in South Central Alberta. Celtic owns a 43% working interest in 8,896 gross acres of land in the greater Drumheller area.
PRODUCTION
The Drumheller field produces 229 Mcf/d of Company Share production from 10 shallow gas wells.
FACILITIES/INFRASTRUCTURE
Non-Operated area.
MARKETING
Natural gas is sold into the Celtic Gas Pool and delivered to NOVA/TCPL.
RESERVES
93 Mboe of Total Proved reserves and 149 Mboe of Total Proved Plus Probable reserves have been booked to the Drumheller field.
GEOLOGY
Belly River Formation: In Drumheller area, the Belly River reservoir has a gross thickness of ~8m with porosities up to 30%. There are currently four producing Belly River wells on Company Lands with future infill potential.
Viking Formation: The Viking Formation of the Colorado Group is encased between the overlying Colorado shale and the underlying Joli Fou shale. In Central Alberta, the Viking was deposited as eastern prograding shelf barrier sands. Gross thickness of the Viking on Company Lands is 40-45m with porosities up to 20%.
In this area, the Viking sands have lower permeability making them a good target for horizontal drilling . The recent 02/13-11-030-21W4 horizontal Viking well, drilled in July 2010, had a first month initial production rate of 1.2 MMcf/d. Potential has been identified to drill additional horizontal Viking wells in this area, based on these results.
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