S Alta Bakken producingLGX’s 1st well in S. Alberta Bakken play online, averaging 530 bpd first 30 days Mike Ellerd Petroleum News Bakken
Southern Alberta Bakken operator LGX Oil + Gas reports that its first well in the play went on production in late January, and averaged more than 530 barrels of light oil per day over the first 30 days. As of mid-March, the well was producing 470 barrels per day. The well, in the Calgary-based junior’s Big Valley play just north of the Montana border in southwest Alberta, was completed with a 20-stage frack stimulation, and LGX reported that after the well flowed back for 136 hours in a 4.5-inch diameter frack string, it produced 9,230 barrels of 31 API degree oil, for an average of approximately 1,650 barrels per day. The well also produced 570 million cubic feet of associated natural gas per day.
LGX also reported that another well drilled in the play in southern Alberta just north of the Montana border had encountered 13 meters (43 feet) of “gross pay.” The company said both of its Southern Alberta Bakken wells were Big Valley members of the Three Forks group in the play. For 2014, the Calgary-based junior is planning to drill two additional gross wells in the Southern Alberta Bakken in 2014, which it expects will be spud in the second and third quarters. The company has earmarked C$13.4 million for its Alberta Bakken operations in 2014.
LGX, formerly Bowood Energy, initially acquired 68,581 net acres in the Southern Alberta Bakken from Calgary-based Legacy Oil + Gas in 2012. LGX now reports holding a land position in the Alberta Bakken of approximately 110,000 net acres. The company also has assets in its Manyberries play in southeast Alberta.
Throughout 2013, LGX’s production averaged 898 barrels of oil equivalent per day, which consisted of 70 percent liquids. That was a three-fold increase over the company’s 2012 output of 291 boepd, which was comprised of 50 percent liquids. In the fourth quarter 2014, LGX averaged 965 boepd in production, of which 74 percent was liquids. That was an increase of 41 percent over its fourth quarter 2012 production of 685 boepd.
The Southern Alberta Bakken play, often referred to as either the Alberta Bakken or the Bakken fairway, extends across southern Alberta and northern Montana. In Montana, the system reaches into Glacier, Toole, Pondera, Teton and as far south as Lewis and Clark counties. In Alberta, the play transitions into the Exshaw formation and extends north along the Cratonic platform along the Alberta-British Columbia border. The Southern Alberta Bakken has characteristics similar to the Bakken petroleum system of the Williston Basin, but the two systems are distinctly separate.
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