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More wildcats in Central Mackenzie
Husky Energy is continuing its steady advance in the Central Mackenzie Valley region of the Northwest Territories by applying to drill two exploratory wells on exploration license 423 in the Summit-Keele area.
One well is targeting a Devonian formation and the second will test a Cretaceous-age reservoir thought to contain oil that could be tied into the Enbridge pipeline from Norman Wells to Zama in northwestern Alberta. Both licenses are tied to recent regional seismic work.
Calgary-based junior Pacific Rodera Energy said it is raising its working interest in the exploration license.
An application for one significant discovery license on EL 397 is before regulators relating to the Stewart Lake D-57 well.
Second application possible Pacific Rodera said there are plans to apply for a second significant discovery license on EL 397 relating to the Summit Creek B-44 well that in 2005 notched the first oil and gas find in the Central Mackenzie since 1920 and was followed in 2006 by D-57 which flowed from two intervals at 5 million cubic feet per day.
B-44 tested at combined rates of 20 million cubic feet per day and 6,200 barrels per day of oil and condensate, pointing to a hydrocarbon column of more than 600 feet.
The company said at the time that more work was needed on the D-57 well before its success could be determined.
In May 2006 Husky and its partners acquired almost 219,000 acres adjacent to EL 397 for a work commitment of C$10.5 million within four years, boosting its total land holdings in the area to about 544,000 acres.
However, a vital element in any gas discoveries in the Central Mackenzie is construction of a pipeline along the Mackenzie Valley.
—Gary Park
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