Sturgeon Lake
This field was originally discovered in 1964 by a major oil company. Over the years the property had become neglected…
Drilled single horizontal well, based on an old abandoned bypassed pay well, to develop a 12 API gravity field using 3D seismic interpretation. Drilled additional 8 horizontal wells and then sold to rationalize corporate assets, sale returned 300% on capital invested in less than 18 months.