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Pipestone Non-Montney Non-core

We have approximately 1,600 Boe/d of net production from various other Triassic zones on 52,800 net acres of non-Montney land. These Assets are located to the northeast of the Pipestone Montney acreage and consist largely of non-operated, low decline unit production with below industry average asset retirement obligations. Also included is a 39% operated working interest in the area gathering and compression system and the Wembley gas plant.

Other Non-core Areas

We also have non-core operations in three additional areas of Alberta whose combined production in 2017 averaged 900 Boe/d compared to 2,761 Boe/d in 2016 due to asset divestitures and production decline. Substantially all of the 2017 average non-core production comprised of natural gas. These non-core areas combined gross acreage in 2017 was 125,380 gross acres (102,240 net acres). We are not anticipating spending any development capital in 2018 and did not drill any wells in these non-core areas in 2017 or 2016.

2500, 525 8th Ave SW
Calgary, Alberta T2P 1G1
Phone: (403) 538-8500
Fax: (403) 538-8505
24 Hour Emergency Call-In24 Hour Emergency Call-In
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