- WesCan Energy (WCE) starts production of a new well at Provost
- Spudding happened on September 13, 2022
- The vertical section was completed to a depth of approximately 490 meters
- The turn-around was conducted over 10 days while the well was being completed for production
- WasCan is also conducting periodic fluid level shots to optimize the performance of the well further and to evaluate the company’s type well curve expectations
- WesCan Energy (WCE) is up 3.39 per cent, trading at C$0.30 at 11:01 am EST
WesCan Energy (WCE) has completed the equipping and tie-in of its recently drilled well at Provost, Alberta.
On September 15, 2022, the company announced that drilling had commenced and the new well spudded on September 13, 2022.
The vertical section was completed to a depth of approximately 490 meters, and the build section of the well was drilled, cased and completed.
On October 5, 2022, the company announced that it was proceeding with the completion and tie-in of the well through its wholly owned infrastructure and production facility.
The well was subsequently placed on production in October and upon the completion of its extensive field turn-around program under the regulatory maintenance requirements of the Alberta Boilers Safety Association.
The turn-around was conducted over 10 days while the well was being completed for production.
During this time, the company experienced inevitable operational delays due to various service providers, equipment and materials not being readily available.
An alternative power source was also achieved at a considerably reduced cost to sustain power to the new well.
The well has been cleaning-up as expected, with the recovery of drilling fluids used during the drilling phase before receiving any productive hydrocarbons from the well.
At this time, the well continues to be monitored as it has been subject to a few operational issues at the battery as the treater was experiencing high volumes of oil during its initial stages of production.
Such issues have now been resolved.
WasCan is also conducting periodic fluid level shots to optimize the well’s performance further and evaluate the company’s type well curve expectations.
Further updates will be announced as the data from the well becomes available over the next 30 days, providing a more defined and consecutive flow rate of oil production.
WesCan Energy (WCE) is up 3.39 per cent, trading at C$0.30 at 11:01 am EST.