- Alpine Summit Energy Partners (ALPS.U) partners provide an operational update
- A full report of its financials is set to be released next month
- The company has seven wells expected to come online during Q1 2023
- Webb County Dorado asset has become a high-quality Gulf Coast gas asset with reliable volumetrics
- The wells are in the top 10 per cent of historical Webb County wells
- Alpine Summit Energy Partners (ALPS.U) is down under 12 per cent, trading at C$1.96 at 12:13 pm EST
Alpine Summit Energy Partners (ALPS.U) released its operational update prior to its full-year financial results.
A full report of its financials is set to be released next month.
From September last year to this month, Alpine Summit maintained around 22,000 gross boe/d.
The company also continues to develop its primary areas, with seven wells expected to come online during Q1 2023.
As for its Webb County Dorado asset, according to the company, it has become a high-quality Gulf Coast gas asset with reliable volumetrics.
Highlights from 2022
The first six San Roman Austin Chalk wells have an estimated recovery of 2+ Bcf per 1,000 lateral feet. At the same time, the first two Eagleford wells have an estimated ultimate recovery of 1.5 Bcf per 1,000 lateral foot based.
The wells are in the top 10 per cent of historical Webb County wells.
Wells San Roman 101 and 102 each paid out in roughly six months and may offer breakevens just above $2.00 per MMBtu.
As for the Dorado asset, it has stacked pay potential in the Austin Chalk and Eagleford areas. Consisting of around 40 remaining de-risked locations with strong economics.
Going forward, the company expects the Dorado Asset to benefit from significant LNG demand growth on the Gulf Coast from 2024 to 2030.
Alpine Summit operates and develops oil and gas assets and is based in America.
Alpine Summit Energy (ALPS.U) is down under 12 per cent, trading at C$1.96 at 12:13 pm EST.