Joffre duvernay shale oil play
Alberta's Duvernay Shale for its marketable petroleum potential. The oil and gas resource is considered to be a resource play, where the hydrocarbons are “Index” tracts in Kaybob (S22-T62-R21-MW5) and in Joffre (22-40-27-MW4) were we are unique. we operate the first commercial shale oil play in Canada. we are responsible. we do what we say. we are efficient. we are a low cost operator Vesta is a privately owned oil and gas company focused on the light oil window of the Joffre Duvernay shale oil play. Our head office is located in Calgary, 22 Jan 2019 what is billed as Canada's first commercial shale oil play near Joffre hopes oil operations in what is known as the Joffre Duvernay Shale Oil
Privately held Vesta Energy Corp., Calgary, will accelerate development of light-oil properties in the shallow Joffre Duvernay shale oil play of central Alberta with proceeds of an equity
Privately held Vesta Energy Corp., Calgary, will accelerate development of light-oil properties in the shallow Joffre Duvernay shale oil play of central Alberta with proceeds of an equity By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most economic plays in North America. Similar to the Cardium, the Duvernay formation is part of the Western Canadian Sedimentary Basin group. Targeted for its shale gas condensate, the Duvernay is a popular target amongst Canadian exploration and production companies. The Frasnian Duvernay Formation of the East Shale Basin lies conformably on the carbonates of the Cooking Lake Formation and represents the deeper portion of the basin of the prograding Ireton Formation. – Increased Crown land position in East Basin Duvernay shale oil play by 34% – Increased production guidance twice even with selling 250 boe/d and deferring completion of two Hz wells • 2019 Forecast –top tier light oil growth – Increased, in August 2019 Average and Exit production guidance to 5,000 –5,200 and 5,500 –5,700 boe/d
26 May 2017 and production company focused on the development of light oil properties in the shallow Joffre Duvernay Shale oil play. Bennett Jones LLP
17 May 2017 By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most The Duvernay shale gas play was identified as a prime reason oil. Many other shale plays, such as the Horn River Basin in British The Daily Oil Bulletin, in this digital-only public- ation, will to the company's Joffre Ethane Extraction Plant. 19 May 2017 and Dermot O'Connor (VP Exploration), Vesta focuses on the development of light oil properties in the shallow Joffre Duvernay Shale oil play Vesta refers to the East Shale Basin as the Joffre Duvernay Shale oil play. Whatever name one chooses to use, Vesta has become a big participant in the play, having a contiguous land position of 200,000 net acres. Vesta is a privately owned oil and gas company focused on the light oil window of the Joffre Duvernay shale oil play. Privately held Vesta Energy Corp., Calgary, will accelerate development of light-oil properties in the shallow Joffre Duvernay shale oil play of central Alberta with proceeds of an equity
17 May 2017 By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most
Privately held Vesta Energy Corp., Calgary, will accelerate development of light-oil properties in the shallow Joffre Duvernay shale oil play of central Alberta with proceeds of an equity By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most economic plays in North America. Similar to the Cardium, the Duvernay formation is part of the Western Canadian Sedimentary Basin group. Targeted for its shale gas condensate, the Duvernay is a popular target amongst Canadian exploration and production companies. The Frasnian Duvernay Formation of the East Shale Basin lies conformably on the carbonates of the Cooking Lake Formation and represents the deeper portion of the basin of the prograding Ireton Formation. – Increased Crown land position in East Basin Duvernay shale oil play by 34% – Increased production guidance twice even with selling 250 boe/d and deferring completion of two Hz wells • 2019 Forecast –top tier light oil growth – Increased, in August 2019 Average and Exit production guidance to 5,000 –5,200 and 5,500 –5,700 boe/d
Vesta is a privately owned oil and gas company focused on the light oil window of the Joffre Duvernay shale oil play. Our head office is located in Calgary,
Vesta Energy currently boasts over 200,000 contiguous net acres within the Joffre Duvernay Shale oil play, according to a statement. The company has 23 wells on stream and produces roughly 3,500 barrels of oil equivalent, 80 percent of which is light oil, per day. Vesta has assembled a contiguous land position of over 200,000 net acres within the Joffre Duvernay Shale oil play. The Company currently has 23 wells on stream and is producing approximately 3,500 boe/d, of which 80% is light oil. The Transaction is anticipated to close on May 26, 2017, and will provide Vesta with sufficient capital to execute One new area of future activity is the emerging East Shale Basin play in central Alberta, which is actually a cousin of the more well-known Duvernay play in northwestern Alberta. “It’s a bit of a different animal than the [Western] Duvernay [because] there are a fair number of shallower wells being drilled.
The Duvernay Shale is an emerging oil and liquids-rich gas formation in the Western Canada Sedimentary Basin. Many in the industry believe the Duvernay is the closest analog to the Eagle Ford The Formation was named by Andrichuk and Wonfor in 1954 for Duvernay, Alberta. According to Canada's Alberta Energy Regulator, the Duvernay Formation "holds an estimated 443 trillion cubic feet of gas and 61.7 billion barrels of oil (Penny China Institute 2012-12)." By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most economic plays in North America. By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most economic plays in North America. We look forward to partnering with the management team and JOG to continue to grow the business,” said Olivia Wassenaar, Managing Director at Riverstone. By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most economic plays in North America. We look forward Headquartered in Calgary, Alberta, Vesta is a privately held exploration and production (“E&P”) company led by Founder and CEO Curtis Cook focused on the development of light oil properties in the shallow Joffre Duvernay Shale oil play. Mr. Cook is joined on the management team by Paul Smith (CFO), Grant Rabe (COO), Jenny Ngo (CAO) and Dermot O’Connor (VP Exploration). By applying learnings from US shale plays, Vesta is developing the Joffre Duvernay Shale oil play into a world class resource and one of the most economic plays in North America.