Red Coulee - Southern Alberta
Eagle Rock's Red Coulee property consists of 7,690 acres with 20 development locations identified by 3D seismic. Six successful wells were drilled in 2007, with a current production of approximately 250 bbls/d. Eagle Rock has two additional properties in the Red Coulee area; Verdigris (98% WI) consisting of 3,136 net acres with 3D seismic, and Sunburst (100% WI) consisting of 3,840 acres with 3D seismic shot during Q4 2007 (with multiple drilling locations identified).
Red Coulee - Rundle Reservoir
- 100% operated
- 11,520 acres with 3D seismic, multi zone potential
- 7 successful vertical oil wells drilled in 2007
- 10 to 12,000 bbls/d battery (expandable to 60,000 bbls/d)
- Approx 220 bbls/d
Red Coulee - Cutbank Reservoir
- 100% operated
- 4 Cutbank pools identified
- First Cutbank horizontal planned for Q2 2008 - cost approx $1.0 million
- Estimate 3 horizontals per pool
- Horizontal wells in analogous pools in Montana, US, have production 6 to 10 times higher than verticals