British Columbia: Transeuro acquires Beaver River field
Transeuro Energy Corp., Vancouver, BC, will acquire the 50% interest it does not own in Beaver River field in Northeast British Columbia from Questerre Energy Corp.
By OGJ editors
HOUSTON, Apr. 27 – Transeuro Energy Corp., Vancouver, BC, will acquire the 50% interest it does not own in Beaver River field in Northeast British Columbia from Questerre Energy Corp.
At closing Transeuro will own 100% of the field including the two producing wells, the production equipment, gathering system, and all associated infrastructure.
The field consists of 35 sections in the Liard basin, adjacent to the Horn River basin. Two shallow wells produce a combined 700 Mcfd of gas. Operating costs exceed revenues, and no reserves are assigned to the field, Transeuro said.
Amoco Canada discovered the field in 1961 when targeting the Devonian Nahanni conventional carbonate reservoir with a 700-m gas column below 3,500 m. Amoco estimated 1.47 tcf to be recoverable from the Nahanni but abandoned the formation in the 1970s after producing 179 bcf.
The field has a number of old production wells drilled into the Nahanni that present opportunities to increase production and to appraise shale potential in a cost effective manner without drilling new wells.
Amoco also produced 6.6 bcf from vertical wells in the overlying 2,500 m of gross shale intervals using conventional means.
Consulting engineers in 2007 assessed the shale gas and conventional gas potential of the upper intervals. The report indicated potential for original gas in place of 425-750 bcf/sq mile for 1,000-m thickness. It is this potential across the 35 license sections that will be investigated with additional operations and production.