CALGARY, ALBERTA–(Marketwired – Nov. 26, 2013) – RMP Energy Inc. (“RMP” or the “Company“) (TSX:RMP) is pleased to provide completion results from recent Ante Creek drilling activity. In the fourth quarter, RMP successfully drilled and completed two additional, 100% working interest Montney formation horizontal oil wells located at 1-25-66-24W5M and 4-26-66-24W5M. Both wells underwent successful 23 stage hydraulic fracture stimulations. Results are as follows:
- The 1-25 well recovered all of the fracture stimulation fluid during the initial 64 hour flow back. During the extended 64 hour production test, after recovering the fracture fluid, the 1-25 well produced 6,180 bbls of 35 degree API light oil for an average daily rate of approximately 2,320 bbls/d and 1.6 MMcf/d of associated solution gas for an oil equivalent rate of 2,580 boe/d. The 1-25 well flowed at an average surface wellhead pressure of 3,500 Kpa (508 psi). Please refer to important Reader Advisories at the end of this news release.
- The 4-26 well recovered all of the fracture stimulation fluid during its initial 64 hour flow back. During the 29 hour production test, after recovering the fracture fluid, the 4-26 well produced 1,500 bbls of 35 degree API light oil for an average daily rate of approximately 1,240 bbls/d and 2.6 MMcf/d of associated solution gas for an oil equivalent amount of approximately 1,675 boe/d. The 4-26 well flowed at an average surface wellhead pressure of 5,200 Kpa (754 psi). Please refer to important Reader Advisories at the end of this news release.
RMP has now successfully drilled and completed a total of eight (8.0 net), high rate Montney horizontal oil wells in the Ante Creek area. The Company’s Ante Creek field is currently production restricted due to third-party constraints on existing gas processing infrastructure. Consequently, only three wells are presently producing at restricted rates with wellhead chokes and no artificial lift support. In order to alleviate the gas capacity constraints, RMP is presently installing a pipeline inter-connect between its Ante Creek and Waskahigan properties and is expanding its Ante Creek surface field facilities to facilitate increased solution gas handling to 22 MMcf/d and oil handling capacity through the oil pipeline to about 10,000 bbls/d. Barring any unforeseen delays, the pipeline inter-connect and related field equipment expansion is scheduled to be in-service by the end of February 2014.
At Ante Creek, RMP has a significant asset ‘footprint’ in the area and holds 36.75 gross sections (35.72 net) of land.
| Abbreviations | |||
| bbl | barrel | Mcf/d | thousand cubic feet per day |
| Mbbl | thousand barrels | MMcf/d | million cubic feet per day |
| bbls/d | barrels per day | MMcf | Million cubic feet |
| boe | barrels of oil equivalent | Bcf | billion cubic feet |
| Mboe | thousand barrels of oil equivalent | psi | pounds per square inch |
| boe/d | barrels of oil equivalent per day | kPa | kilopascals |
| NGLs | natural gas liquids | WTI | West Texas Intermediate |
Reader Advisories
Any references in this news release to initial and/or final raw test or production rates and/or”flush” production