Apache Corporation (NYSE, Nasdaq: APA) has announced promising drilling results in the Dunvegan oil reservoir in the Kaybob development area in Alberta, Canada.
As quoted in market news: Tim Wall – President of Apache Canada
These wells were drilled in areas which have been producing for over 40 years but which have the potential to be completely rejuvenated through the application of horizontal drilling and multi-stage hydraulic fracturing. These encouraging results have contributed to identifying more than 2,000 potential horizontal drilling locations across our 238,000-acre gross (179,000-acre net) leasehold.
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