|
|
Our portfolio of assets offer considerable low-risk development potential which help us replace
our annual decline and maintain our production volumes. Our capital program includes development
projects such as infill drilling, step-out drilling, joint venture arrangements, farm outs, waterflood
implementation and other activities. Our development projects are spread across our entire asset base
and include pre-investment spending to develop our Kirby oil sands project.
2009 Production and Capital Spending
| Three months ended March 31, 2009 |
|
| Play Type |
Production Volumes (BOE/day) |
Capital Spending
($ millions) |
Wells Drilled* |
| |
|
|
Net |
| Shallow Gas & CBM |
24,411 |
$ 29.2 |
103 |
| Crude Oil Waterfloods |
16,166 |
8.3 |
1 |
| Tight Gas |
15,387 |
29.1 |
11 |
| Bakken/Tight Oil |
10,794 |
11.1 |
1 |
| Other Conventional Oil & Gas |
28,203 |
13.2 |
7 |
| Total Conventional |
94,962 |
$ 90.0 |
123 |
| Oil Sands |
- |
8.3 |
n/a |
| Total |
94,962 |
$ 99.2 |
123 |
* Drilling totals do not include delineation wells at Kirby or service wells drilled during the quarter
|
