FairWest Energy Corp., Calgary, has spudded its first horizontal well targeting light oil in the Mannville formation at Berry Creek, Alta., 115 miles east-northeast of Calgary.
If successful, the well could be followed by others as the company embarks on an aggressive development program in the light oil resource play. FairWest is operator with a 75% working interest.
FairWest assets at Berry Creek include working interests in 10,400 gross acres of land, 11 producing oil wells, 14 producing liquids-rich gas wells, more than 50 km of gas gathering lines, and a company-operated gas processing and refrigeration facility.
The company added to its Berry Creek holdings last year with acquisition of working interests in 1,440 gross acres of land, four oil wells, one gas well, associated wellsite facilities and gas pipelines. It just completed a $600,000 3D seismic program at Berry Creek.