Spartan Delta buys Inception Exploration and oil and gas assets for $148 million princegeorgecitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from princegeorgecitizen.com Daily Mail and Mail on Sunday newspapers.
/EIN News/ CALGARY, Alberta, Feb. 10, 2021 (GLOBE NEWSWIRE)
(PIPE – TSX) Pipestone Energy Corp. (
“Pipestone” or the
“Company”) is pleased to provide an update on its production and operations, as well as report its year-end 2020 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“
McDaniel”) with an effective date of December 31, 2020 (the “
McDaniel Report”).
Since inception, Pipestone has continued to demonstrate leadership in combining capital cost efficiencies with highly productive wells in the condensate-rich Alberta Montney play. This is reflected in the past year’s significant growth in reserve volumes and continued reduction in future development costs (“
FDC”).
Production & Facilities:
Integrated diagnostics data advance infill development /// Large-scale data accumulation is becoming more common in shale development. However, the industry struggles with a data dilemma. On the one hand, operators know that they have to gather data to learn and improve. On the other hand, the learning and analysis require so much manpower that often the collected data are left unexplored.