West Lake Energy Corp. will drill wells on Frog Lake First Nation (FLFN) lands 60 miles northwest of Lloydminster, Alta., in a new partnership with Frog Lake Energy Resources Corp.
The 50-50 partnership is the start of a multi-year, multi-well, and multi-zone commitment to develop petroleum from the large resource in a sustainable manner. An initial two well program will be drilled summer of 2022.
West Lake will use certain environmental practices and initiatives in the program, including a process of water recycling that eliminates the use of freshwater reserves. No fracturing techniques will be used for any of the wells, which will be drilled from a central pad site—incorporating long-reach multilateral horizontal well technology to minimize surface disturbance while maximizing reservoir production.
West Lake will pre-fund all abandonment and reclamation obligations into a trust through net operating income.
FLFN lands include 55,000 acres, 41,000 of which are undeveloped with 1.5 billion bbl remaining oil in place. The lands are 100% owned by FLFN.
