Saskatchewan

Proven Bakken/Torquay tight oil production with strong netbacks
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Activities at Antler focused on optimizing existing production and expanding the pilot secondary recovery scheme to increase recovery of the oil in place. Production from the Antler area averaged 268 bbls/d and the Pierson area 32 bbls/d in 2022.

The Antler area is approximately 200 kilometres southeast from Regina in southeast Saskatchewan. The primary target is high quality light oil from the Bakken/Torquay formation, a dolomitic siltstone shale sequence at a depth of between 1,050 metres and 1,150 metres. Secondary targets include the Souris Valley, a carbonate sequence at a depth of approximately 900 metres to 1,000 metres. The Company holds an average 100% working interest in 11,952 acres in this area.

 

Consistent with prior years, activities at Antler targeted optimizing existing production and expanding the water pattern pressure-support program to increase recovery of the oil in place. In 2020, Questerre plans to continue this work. Production from this area averaged 356 bbls/d in 2020.