Calgary-based Blackbird Energy Inc. (ticker: BBI) added additional acreage in its Pipestone/Elmworth location and reported updates to its development program and its expansion of the Eastern Pipestone/Elmworth gathering system.
More in the Montney
Blackbird increased its Pipestone/Elmworth Montney rights to 125 gross (108.9 net) sections—equivalent to 80,000 gross (69,696 net) acres. This is up from its previous 76,800 gross (66,469 net) acres.
Additions to development
During the months of June and July, Blackbird added two operated development wells which will undergo completions in August. Another development well is scheduled to be spud in early August, with completions scheduled to take place in October. All three wells will utilize STAGE Completions technologies in the completions design.
The company also will be drilling and operating a delineation well, which is expected to be spud in early August and completed in late October. The well will target the Upper Montney in Blackbird’s Pipestone/Elmworth acreage. The well represents a ten-kilometer step-out from Blackbird’s existing acreage and will help further define the company’s target volatile oil window.
Blackbird also has a non-operated role in the drilling and completion of three (0.75 net) delineation wells. One well is situated west of Blackbird’s acreage, north of the Wapiti and has already been drilled and completed. The other two wells have been drilled and completed south of the Wapiti near the southeastern portion of Blackbird’s lands.
The three delineation wells—in addition to acting as a source of spatial information for the volatile oil window—served to retain Blackbird’s leased land that was nearing expiry.
Recompletions
One of the company’s wells targeting the Upper Montney was re-frac’d in June and is currently in the clean-up phase. Two other wells, targeting the Upper and Middle Montney, are scheduled to be re-frac’d in August and September, respectively.
Source: Blackbird Energy
Gathering system expansion
Blackbird has begun the surveying process for its Eastern Gathering System, which will tie in production from an existing well and allow the tie-in of additional development wells. The company estimates that the gathering system will cost approximately $4.4 million, and will be functional within the first half of 2018.
Blackbird Energy is a presenting company at EnerCom’s The Oil & Gas Conference® which runs Aug. 13-17, 2017, at the Denver Downtown Westin Hotel. To register for the EnerCom conference, please visit the conference website.
