Tourmaline Oil Corp. and Perpetual Energy Inc., Calgary, tied in and placed on extended production test Aug. 19 one of their three Montney horizontal wells in the Elmworth area of Alberta.
The well is stabilizing at 6 MMcfd. Perpetual said the test is designed to evaluate Montney flow characteristics and liquids composition. The gas stream is expected to yield 40-50 bbl/MMcf of recoverable hydrocarbon liquids.
Perpetual owns more than 85 gross sections of prospective Montney rights in the Elmworth area, with a net 50% working interest in the majority of the joint venture lands. Pending the results of the extended production test, an area development plan will be established.
Tourmaline and Perpetual plan to develop the resource in a series of 50 MMcfd pods or phases. Perpetual has sufficient land and drilling inventory to support four comparable-sized development pods.
Perpetual has assigned reserves of 32 bcfe, a contingent resource of 145 bcfe, and a significant exploratory land base at Elmworth area.