The operator said that the first discovery was perforated on March 12, and flowed for four hours at rates as high as 950,000 cubic feet per day during cleanup operations. Gathering lines to the production facility are being laid with production to commence prior to month-end at a production rate anticipated by the operator to be in excess of one million cubic feet gas per day.
The second well was drilled to a newly defined seismic feature north of the original Woodrush oil discovery made in 2008 and was subsequently completed in the Halfway sand and flow tested in excess of 500 barrels of oil per day (bopd) of light sour oil during a 24-hour test. Pipelines are now being laid to the central production facility and production is to commence prior to the end of March at initial rates between 300bopd and 400bopd.
The operator has reported that this addition boosts the Woodrush gross production to over 1,000boepd, approximately 50% oil. The operator anticipates that the two wells drilled and completed will more than double the operating netback from this field and plans additional drilling over the near term.
RockBridge has expanded the land position of five of its Pembina oil and gas properties, located southwest of Edmonton, Alberta. The operator has added two adjacent properties to the five jointly owned with RockBridge in preparation for further development, resulting in RockBridge now holding a 35.71% interest in these pooled properties. The horizontal drilling program for these properties, to include utilizing multi-stage fracturing technology, is on track for the second half of 2010.
