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million capital spending budgeted |
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Hz wells planned in the Bluesky and Notikewin (2.6 net wells) |
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100 percent W.I. multi-zone vertical wells planned |
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boe/d forecast first-half average production |
- 11/16/2009 18:46 Open Range Energy Corp. Reports Third Quarter Results, Provides Operational Outlook and Announces First-Half 2010 Guidance More>>
- 11/16/2009 12:04 Open Range Energy Corp. Announces Closing of Previously Announced Strategic Working-Interest Acquisition More>>
- 11/3/2009 12:08 Open Range Energy Corp. Announces Closing of $65 Million Bought-Deal Financing More>>
- First-half 2010 capex program of three (2.6 net) horizontal and two vertical Deep Basin wells
- Late 2009 working-interest acquisition at Ansell/Sundance creates critical mass of production, cash flow and borrowing capacity to drive accelerated growth. Click here to learn about our $60 million Ansell/Sundance Acquisition.
- Focused on Deep Basin sweet natural gas opportunities at Ansell/Sundance:
- Resource play characteristics: unconventional tight sands with large sweet gas-in-place resource and long-life production
- Large, contiguous land position with scalable opportunity base of horizontal and multi-zone vertical drilling locations
- Total gross Ansell/Sundance volumes of over 20 mmcf per day (December 2009) (85% W.I.)
- 39 gross producing vertical wells
- First horizontal Bluesky well producing at an average of 2 mmcf per day over its first five months
- Extensive 3D seismic-defined drilling inventory:
- 133 net vertical locations
- 36 net horizontal locations
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boe/d total corporate production (December 2009) |
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total cash costs per mcfe of production (operating expenses, G&A and interest) |
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million current net debt |
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million total borrowing capacity |
