The oil cut from the Rex-1 well has increased to over 50% with the separation facility upgrading the final oil to 99.5% that is then delivered to refineries.
Current production is estimated at 250 barrels of oil per day (gross) but the pumping rate has been limited by trucking capacity on flooded roads due to unusually high rainfall.
Whitebark has a 30% working interest in Rex-1 increasing to 50% following the completion of a two well farm-in.
Whitebark’s managing director David Messina said: “The improving Rex-1 oil cut and quality is very encouraging for the broader Wizard Lake program, which has an inventory of at least 18 well locations following our acquisition of a new section of land to the north announced last month.
“Being able to deliver 99.5% oil using a simple, low cost tank cascade system reduces opex costs and is a testament to the commitment and abilities of the operations team in Alberta.
“We will be addressing the storage issues quickly and look forward to opening the well up fully again as storage capacity improves”.
Contractor appointed for Rex-2 well last month
Recently, Whitebard appointed Canadian oil sector specialist Magus Engineering to manage drilling operations for the upcoming Rex-2 well.
Magus has extensive experience managing end-to-end drilling programs and will manage all service procurement, drilling, wellsite construction and completion activities at Rex-2.
The appointment follows the commencement of commercial oil production from the Rex-1 well after completion of production facilities and a pipeline.
Proactive caught up with the company recently for an update.