| The Pembina core area is located approximately 230 kilometres north of Calgary, Alberta. NuVista's properties in this core area include Pembina, Pembina Units (including Pembina Keystone Cardium Unit No. 2), Buck Creek and Alsike. This area is characterized by mature production with gas and light oil development opportunities. NuVista has a 62% interest in a 5 MMcf/d operated sour gas plant and a 100% interest in a 25 MMcf/d gas plant.
This area contains 61,000 acres of undeveloped land with an average working interest of 80%.
Our 2008 average production rate was approximately 3,978 Boe/d (17.5 MMcf/d of natural gas and 1,061 Bbls/d of oil and liquids). The 2008 exit production rate was approximately 4,076 Boe/d.
In 2008, we drilled or re-entered 9 (5.7 net) wells and achieved an average success rate of 100%, yielding 6 natural gas wells and 3 oil wells.
May 2009 |
