Red Leaf secures final permit for oil shale commercialization
Michael Binnion, President and Chief Executive Officer of Questerre, commented, “This is an important milestone for Red Leaf and the future of oil shale. We are looking forward to construction beginning for the first commercial scale capsule this summer.” With the issuance of the Construction Permit for its EcoShale production capsule by the Utah Division […]
Montney drilling to accelerate in second half of 2014
Michael Binnion, President and Chief Executive Officer, commented, “In the quarter we began executing the Montney development plan to achieve our production target of 6,000 boe/d by the second half of 2015. Our first 100% well was spud in the quarter. It will be completed after breakup to prove up the condensate rates on our […]
100 percent Montney well to be completed after breakup
The 16-07 Well was drilled to a total measured depth of 5053m including a horizontal leg of approximately 1000m. The well was logged and is currently being cased. Subject to equipment availability and weather, the 16-07 Well will be completed after spring breakup this June. Michael Binnion, President and Chief Executive Officer of Questerre, commented, […]
Upper Montney tests at 1,076 boe/d gross with 227 bbls/MMcf of condensate
The 02/14-30 Well is the first well on the joint venture acreage that has been completed in the D4 unit, an upper interval of the Montney formation. The 02/14-30 Well was drilled to a total measured depth of 4563m with a horizontal leg of approximately 1100m or 200m-500m shorter than the previously drilled horizontal wells. […]
Questerre targets production of 6,000 boe/d by mid-late 2015
Michael Binnion, President and Chief Executive Officer, commented, “We had a very good year focused on building our new core area in the Montney. Following our discovery well in mid-2012, we aggressively acquired a land position to give us the scale needed for development. We now hold 59 net sections in a condensate-rich fairway that […]
Questerre grows reserves by 40 percent in 2013
Michael Binnion, President and Chief Executive Officer, commented, “We used the fourth quarter to finalize our development plan for the Montney where we saw our reserve growth in 2013. With a strengthened operating team and our capital base topped up, we secured a rig and began to develop our own 100% acreage in the Kakwa-Resthaven […]
Questerre updates on activities in Quebec
The committee responsible for conducting the Strategic Environmental Assessment (“SEA”) on shale gas development released its synthesis report last week. The findings from this report will lay the groundwork for the next stage of the assessment of the shale gas industry. This will be a series of public consultations to be held by the Office […]
Questerre Spuds 100 percent well in Kakwa
Michael Binnion, President and Chief Executive Officer of Questerre commented, “This well will test the liquids rates from our south Kakwa acreage. After our 09-01 Well which confirmed high pressure gas rates, we are looking forward to the results from this well. With ten net sections in this area that have not yet been assessed […]
Questerre updates Montney activities
Michael Binnion, President and Chief Executive Officer, commented, “Over the next several weeks, we expect to see the results from five important Montney wells. The completion of the 16-07 Well in Kakwa South is underway and this should prove up the condensate rates on our ten-section block. In Kakwa North, we are currently drilling the […]
Questerre appoints Frank Walsh as COO and builds out Montney team
Michael Binnion, President and Chief Executive Officer, commented, “We are pleased we have established an experienced Montney team. Mr. Walsh has a proven track record in the Montney and will lead our operations team. They will be responsible for executing the Montney development plan to meet our take or pay commitments of 6,000 boe/d in […]