The company acquired a 54% working interest in a Halfway formation well, which is producing 800 mcf/d and a 74% working interest in two shut-in natural gas wells that will be turned into line within next 30 days.
The firm has also acquired 5,500 net acres of leasehold interests and a 96.8% working interest in a sour processing facility capable of 2.0 mmcf/d that comprises compression, inlet separation, and dehydrator capability.
In addition, the company has acquired working interest ranging from 96.8% to 100% in around 9km of sales pipelines and 15 km of other pipelines.
Dejour Energy CEO Robert Hodgkinson said the compressor facility and a key sales pipeline in the asset package are across the road from the company’s main Woodrush tank battery.
"Certain other operating economies can also be implemented immediately to reduce monthly operating costs and increase the overall profitability of the combined properties at Woodrush going forward," Hodgkinson added.
