CALGARY, Nov. 8, 2018 /CNW/ – OIL AND GAS OPERATIONS Sales volumes averaged 80,471 Boe/d in the third quarter of 2018, including 29,831 Bbl/d or 37 percent liquids. Production was impacted by scheduled turnarounds at a third-party facility in Karr and Paramount’s 8-9 facility in Kaybob, as well as the Resthaven/Jayar sale. In addition, an extended commissioning period for the Kaybob Smoky 6-16 plant expansion delayed the start-up of 4 (4.0 net) new Duvernay wells until early-November. The Karr 1-2 pad was brought on production in the third quarter. Four of the 5 (5.0 net) new Montney wells have produced for at least 30 days, averaging 1,809 Boe/d of peak 30-day wellhead production per well, with an average condensate to gas ratio (ʺCGRʺ) of 258 Bbl/MMcf. (1) At Karr, the Company has largely completed liquids debottlenecking projects at its 6-18 compression and dehydration facility and new trucking facilities, increasing raw liquids handling capacity to approximately 15,000 Bbl/d. Sales volumes at Karr averaged approximately 26,000 Boe/d for the seven-day period ended November 4, 2018. At Wapiti, completion operations were accelerated to take advantage of cost saving opportunities and all 11 (11.0 net) wells on the 9-3 pad have been fracked. […]
