Your account already exists. Please login first to continue managing your settings.
Aroway Energy Inc. has discovered a new oil pool on a well that was drilled into the Leduc formation in Canada, according to a news release.
The well was the third of three wells tested in a drilling program.
The second well has been production tested with commercial quantities of oil and related gas and is being equipped and tied-in to the gathering system. The first well did not encounter commercial quantities of oil or gas in the target formation, but shows favorable log results in the shallower zones. As a result, the first well has been added to the company’s re-completion inventory to be re-entered at a later date.
The company is now equipping the second and third well for pipelined production with construction completion anticipated by early October. Production numbers will be released upon the wells reaching stabilized production rates.
Additionally, Aroway and its joint venture partner were successful at a crown land sale during the summer, the release said, and have acquired an additional five gross sections of land strategically located within the company’s core area.