Montney development plan underway
Michael Binnion, President and Chief Executive Officer, commented, “With our Montney development plan underway, we drilled a number of key wells in the second quarter of this year. These wells can prove up over 130 possible drilling locations on 17 sections of 100% owned acreage. The 16-07 Well at Kakwa South is currently on flow-back. […]
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 credit facilities expanded to $50 million
Michael Binnion, President and Chief Executive Officer, commented, “These facilities give us the capital and financial flexibility to execute our Montney development plan. It complements our existing cash position and the cash flow we expect over the second half of the year to fund our capital program till next spring. We believe these facilities will […]
Questerre appoints Earl Hickok to Board and reports voting results of election of directors
Peder Paus, Chairman of Questerre, commented, “We are very pleased to have Earl join our Board. His extensive engineering background will be important as we accelerate the development of our Montney acreage in the Kakwa-Resthaven area of Alberta.” Mr. Hickok is a professional engineer with over thirty years of experience in the upstream oil and […]
Questerre spuds second 100 percent well in Kakwa
Michael Binnion, President and Chief Executive Officer of Questerre, commented, “This is an important well for us as it is the first well on our 100% seven-section block in Kakwa North. We have licensed additional locations and plan to drill up to two more wells on this block in 2014.” Offsetting our joint venture producing […]
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 […]