Anadarko makes natural gas discovery in Peace River arch of Alberta

Anadarko Petroleum Corp. has drilled a Devonian natural gas discovery in the Peace River arch of Alberta, expanding the proven and probable reserves to 130 bcf of gas from a multizone play.

Feb. 27, 2003

By OGJ editors

HOUSTON, Feb. 27 -- Anadarko Petroleum Corp. has drilled a Devonian natural gas discovery in the Peace River arch of Alberta, expanding the proven and probable reserves from 90 bcf previously to 130 bcf of gas from a multizone play.

The Saddle Hills 15-34-75-7w6 discovery well flowed 15.9 MMcfd of gas. With this well onstream, Anadarko's total production from Saddle Hills increased to 73 MMcfd from a total of nine wells, compared with 2 MMcfd in early 2002.

The discovery confirms the Saddle Hills area as a core development area for the company, said Bob Daniels, president of Anadarko Canada Corp. "We will continue to further define the Devonian potential this year, with two more exploratory wells and three development wells planned," he added. Anadarko owns 100% of the discovery well.

Anadarko has allotted $68 million (Can.) to development drilling, seismic surveys, and midstream activities to extend the play. An additional five exploratory and nine development wells also are planned for other zones in the same play.

In addition, Anadarko has said it is looking for ways to expand existing pipeline and processing infrastructure in the Saddle Hills area where the company holds 35,000 net acres.