Current BBI:CA Stock Info

Blackbird Energy plans to drill 11 operated wells in fiscal 2017 and 2018

Calgary-based Blackbird Energy (ticker: BBI) announced updates to both its operated and non-operated drilling programs Thursday. In the release, Blackbird said that the company plans to drill and complete an additional eight operated development wells on its western acreage and three operated delineation wells on its eastern acreage.

The first two wells of this program are expected to be drilled on Blackbird’s western acreage from its existing 14-14 pad. The first well, targeting the Upper Montney, is expected to be drilled to a measured depth of approximately 4,800 meters, including a lateral of approximately 2,100 meters to downhole location 02/6-26-70-7W6 (the 02/6-26).

The second well, also targeting the Upper Montney, is expected to be drilled to a measured depth of approximately 4,800 meters, including a lateral of approximately 2,100 meters to downhole location 8-27-70-7W6 (the 8-27 well).

The 02/6-26 and 8-27 wells are expected to be drilled in June and July of this year, according to Blackbird.

Blackbird Energy Vision 2021 development plan
Two non-operated wells planned in the next six months

On the non-operated side of the company’s operations, Blackbird said it plans to participate in the drilling and completion of two Middle Montney wells on its recently acquired south-western acreage. The first non-operated 37.5% working interest south-eastern well will be spud from surface location 04-02-70-6W6. The well is expected to be drilled to a measured depth of approximately 5,600 meters, including a lateral of approximately 3,100 meters to a downhole location of 13-04-70-6W6 (the 13-04 well).

The second non-operated 20% working interest south-eastern well will be spud from surface location 13-03-70-5W6. The well is expected to be drilled to a measured depth of approximately 5,500 meters, including a lateral of approximately 3,000 meters to a downhole location of 3-17-70-5W6 (the 3-17 well).

The 13-04 and 3-17 wells are expected to be drilled over the next six months, with the primary objectives of land retention and the continued delineation the company’s eastern acreage, Blackbird said in the release.

The company also gave an update regarding its 14-30 well, in which it has a 17.9% working interest, north of the Wapiti River at Pipestone. The well was spud from surface location 03-01-71-8W6 and drilled to a measured depth of approximately 5,350 meters, including a lateral of approximately 2,861 meters to a downhole location of 14-30 -70-7W6.

This well penetrated two sections north of the Wapiti River which has been pooled with another operator, Blackbird said in its release.

Blackbird Energy log chart for Pipestone corridor


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