68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
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Medicine Hat Glauc C – Polymer Potential<br />
Key Facts<br />
OOIP<br />
217 MMBOE<br />
Recovery Factor to Date ~8%<br />
Cumulative Production 17 MMBOE<br />
P+P Reserves (Dec 31,<br />
2010)<br />
Best Estimate Contingent<br />
Resource<br />
Oil Quality<br />
2011E Avg. Production<br />
16.5 MMBOE (booked to 15%)<br />
IOR 6.5 MMBOE (+3% RF)<br />
EOR 21.7 MMBOE (+10% RF)<br />
11° to 18° API<br />
2,500 BOE/day, 91% water cut<br />
72% WI across ~14 sections<br />
• Discovered in 1984, acquired in 1998, unitized<br />
in 2001<br />
• Glauconitic ‘C’ zone at 825 metre depth<br />
• Initiated waterflood in 2001 with focused<br />
development from 2007<br />
• Currently 112 producing and 55 injection wells<br />
• Aggressive facilities optimization program over<br />
past 2 years has reduced op costs from<br />
$12.50/BOE to below $10.00/BOE<br />
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