By OGJ editors
HOUSTON, Feb. 2 -- Canada Energy Partners Inc., Vancouver, BC, spudded a horizontal exploration well to Lower Cretaceous Moosebar shale in northeast British Columbia.
The wellsite, near Hudson's Hope west of Dawson Creek, was chosen near the site of an unstimulated natural gas flow that occurred from the Moosebar shale during the drilling of a deeper well for coalbed methane in the Lower Cretaceous Gething formation (OGJ Online, Jan. 5, 2009). Canada Energy is drilling the well, expected to take 2 weeks, in a joint venture with GeoMet Inc., Houston.
It is the first horizontal well to target the Moosebar shale on Canada Energy's 50,000-acre Peace River project. Under the joint venture agreement, Canada Energy is operator of the Moosebar shale rights.
In addition to the 50% working interest it already owns, Canada Energy has the right or option to earn an aggregate 75-87.5% interest in the Moosebar shale rights under the acreage subject to certain drilling obligations and elections by the joint venture partner.
