Saturday, March 23, 2013

Waterflooding in the Bakken? Crescent Point Energy Looking at Unitization and Waterflooding in the Canadian Bakken

Petroleum News is reporting:
For Crescent Point Energy, recognized as one of the most innovative players in Bakken-type plays, one of the keys to unlocking the value of its Canadian resource assets lies in a combination of waterflooding and unitization. 
The mid-range producer is now eagerly awaiting a decision by the Saskatchewan government to allow that province’s first “unitization” in 20 years, opening the door for multiple owners in pools to create single operating units, requiring each to contribute to capital and operating costs, while sharing in the profits based on their stakes.