A junior oil and gas company with controlling shareholder based in Beijing, China. The Company's focus is on oil and gas resource projects in western Canada. Wells are drilled vertically and then ho...
A junior oil and gas company with controlling shareholder based in Beijing, China. The Company's focus is on oil and gas resource projects in western Canada. Wells are drilled vertically and then horizontally. One of the most important technologies in the industry over the past few years is "multi-stage fracing" (pronounced "fracking"), which is short for fracturing, as in fracturing the rock in which the oil and gas is held. Anterra has used the technology at its Buck Lake Cardium property where sent a specially designed fluid down the oil well at high pressure and into the reservoir rock to create cracks and channels through which the hydrocarbons can get to the well. It's exciting for Anterra because improvements to MSF are still being made – the industry is continually getting more production, more fracs, or stages, per well. Initial fracing was done in 4 stages over 500 meters. Now you can see 16 stages over a 1600 metre horizontal length. A properly frac'd horizontal well greatly improves economics. A frac can create kilometers of contact area for the oil or gas to flow into the well. Even though it costs twice as much as a vertical well, production can increase 400-700% and give payback to the operator in only a few months which has been Anterra's experience at Buck Lake.