Calgary, Alberta-based Logan Vitality Corp. has accomplished a drilling and completion program for its 2024 onstream wells.
At Pouce Coupe, the three-well 7-12 pad was introduced onstream in mid-Might. For the primary 60 days of manufacturing, the pad averaged 422 barrels per day (bpd), 12 bpd of pure gasoline liquids (NGLs) and 1.5 million cubic toes per day (MMcfpd) of pure gasoline per effectively, Logan mentioned in its most up-to-date earnings and operations replace.
“Preliminary efficiency of the 7-12 pad is according to our budgeted kind curves regardless of flowing towards considerably elevated system stress resulting from constrained infrastructure,” Logan mentioned. “This elevated gathering system stress is anticipated to persist till Logan’s deliberate new Pouce Coupe gasoline plant is operational,” it added.
- Advertisement -
At Simonette, the corporate introduced onstream the three-well 4-1 pad in mid-July and commenced flowing again the only effectively at Lator in late July. Logan mentioned it plans to offer extra particulars on these wells upon receiving adequate manufacturing knowledge in future updates.
Logan said that it plans to renew drilling within the fourth quarter for its 2025 program. The corporate famous that it spent $33.54 million (CAD 46.1 million) within the second quarter to advance improvement in its core working areas.
The corporate’s manufacturing averaged 7,277 barrels of oil equal per day (boepd), a rise of 45 % on 5,015 boepd in the identical quarter of the earlier yr. Logan mentioned it’s on observe to ship second-half common manufacturing in extra of 10,000 boepd and to satisfy or exceed its annual manufacturing steerage of roughly 8,700 boepd.
In the meantime, Logan’s board introduced the promotion of Vice President for Engineering and COO Brendan Paton to the position of President and COO. Richard McHardy will proceed as CEO and can proceed to be concerned within the execution of the Firm’s strategic progress plans and the day-to-day operations of the corporate.
McHardy mentioned, “Brendan’s appointment as President of the corporate represents Logan’s long-term dedication to succession planning and to advancing the subsequent technology of leaders within the oil and gasoline trade in Canada”.
Additional, Dylan Van Brunt has been appointed Vice President for Engineering and Victoria Biersteker has been appointed Vice President for Geoscience. Van Brunt and Biersteker are each key members of Logan’s Montney improvement crew and convey a wealth of technical expertise within the Montney from their tenure at Spartan Delta and Velvet Vitality, in addition to their earlier positions.
McHardy mentioned, “We’re happy to welcome Dylan and Victoria to Logan’s govt crew, and I need to congratulate every of Brendan, Dylan and Victoria on their well-deserved promotions”.
Logan describes itself as a growth-oriented exploration, improvement and manufacturing firm fashioned by the spin-out of Spartan’s early stage Montney belongings. Logan is based with a robust preliminary capitalization and three prime quality and alternative wealthy Montney belongings situated within the Simonette and Pouce Coupe areas of northwest Alberta and the Flatrock space of northeastern British Columbia.
To contact the writer, e mail rocky.teodoro@rigzone.com
What do you assume? We’d love to listen to from you, be a part of the dialog on the
Rigzone Vitality Community.
The Rigzone Vitality Community is a brand new social expertise created for you and all vitality professionals to Communicate Up about our trade, share data, join with friends and trade insiders and have interaction in an expert group that can empower your profession in vitality.
