Blackbird Energy announces commissioning of its Elmworth / Pipesone facility
Calgary-based Blackbird Energy (ticker: BBI) announced Thursday that its 100% owned and operated Elmworth / Pipestone facility gathering system is currently being commissioned. The company expects that it will achieve initial Montney production on Monday, January 30, 2017, BBI said in a press release.
Blackbird Chairman, CEO and President Garth Braun said, “The transition to production and cash flow is a significant step in Blackbird’s evolution. The production data obtained over the following months will enable Blackbird to more accurately plan for large-scale processing and take-away commitments.”
BBI completed construction on the facility earlier this month near the budget of $16.1 million.
Blackbird’s facility will have an initial capacity of approximately 10 MMcf/d of natural gas plus associated liquids of approximately 1,500 bbls/d, for aggregate throughput of approximately 3,150 boe/d. The facility includes liquids recovery and stabilization. The facility has been designed to allow for future production expansion beyond 10 MMcf/d, 1,500 bbls/d and 3,150 boe/d.
While the facility’s current capacity sits at 3,150 boe/d, Blackbird’s current sour natural gas processing contract amounts to 6.3 MMcf/d plus associated liquids and Blackbird’s current Alliance sales gas takeaway agreement amounts to 5.0 MMcf/d of natural gas to be shipped to the Chicago market. Blackbird is currently evaluating numerous alternatives to increase both its sour processing and sales gas takeaway capacity in the Alliance pipeline system and/or the TransCanada NGTL pipeline system.
Blackbird expects to achieve its Initial Production Capacity within approximately four weeks of commissioning its Facility and Gathering System, as the Initial Wells are still cleaning up and recovering load fluid.
Milestone
Garth Braun, Chairman, President and CEO of Blackbird Energy
Blackbird’s Chairman, Chief Executive Officer and President Garth Braun said, “The completion of our infrastructure construction marks an important milestone in the transition of Blackbird to a producing oil and gas company.
“Looking forward, we are focused on increasing our sour gas processing throughput, reducing costs, and prudently developing our Elmworth/Pipestone asset in a responsible manner. With this significant infrastructure capital behind us, the groundwork has been laid for scalable growth using cash flow and pad-drilling techniques, which should further decrease our all-in well costs.”
Blackbird presenting at EnerCom Dallas
Blackbird Energy will be presenting at the EnerCom Dallas conference on March 2, 2017, as part of the two-day investor conference.
Presenters include exploration and production companies and oilfield technology companies working in the major North American oil and gas basins, Latin American plays and global energy projects.
In addition to Bakken pioneer Whiting Petroleum (NYSE: WLL) and reservoir optimization leader Core Laboratories (NYSE: CLB), EnerCom Dallas presenters include Mid-Continent STACK pure play Gastar Exploration (NYSE: GST), Delhi field CO2-EOR developer Evolution Petroleum (NYSE: EPM) and South American oil and gas pure play GeoPark Limited (NYSE: GPRK).
Approximately 30 other U.S. and Canadian energy companies will be announced in the coming days.
Registration: Investment and oil and gas professionals may register for the event through the conference website.
