Missouri

MegaWest Energy Corp., Calgary, said the 30-day trailing rate has averaged a combined 250 b/d from its Marmaton River and Grassy Creek 20-acre pilot steamfloods in the Deerfield area of western Missouri.

By OGJ editors
HOUSTON, May 13
– MegaWest Energy Corp., Calgary, said the 30-day trailing rate has averaged a combined 250 b/d from its Marmaton River and Grassy Creek 20-acre pilot steamfloods in the Deerfield area of western Missouri.

Production range was 170-348 b/d in the past 30 days. Several wells have shown greatly improved oil cuts in the past few weeks at Marmaton River. Produced fluids are increasing in temperature at the oil production wells at more recently implemented Grassy Creek.

The 18° gravity oil is sold for a field gate price equivalent to 80% of the New York Mercantile Exchange posted price for West Texas Intermediate. Natural gas, the largest cost to the project, is purchased to fire the steam generators at a price nearly equivalent to the NYMEX Henry Hub spot price.

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