Blackbird Energy Inc. Provides Operations Update

- May 19th, 2017

Blackbird Energy Inc. (“Blackbird” or the “Company”) (TSXV:BBI) is pleased to provide an operations update regarding its previous completion programs, its planned fiscal 2017 / 2018 capital program at Pipestone and Stage Completions Inc.’s (“Stage”) commercial roll-out, a company in which Blackbird owns a 10% minority interest. As quoted in the press release: In late … Continued

Blackbird Energy Inc. (“Blackbird” or the “Company”) (TSXV:BBI) is pleased to provide an operations update regarding its previous completion programs, its planned fiscal 2017 / 2018 capital program at Pipestone and Stage Completions Inc.’s (“Stage”) commercial roll-out, a company in which Blackbird owns a 10% minority interest.
As quoted in the press release:

In late 2016 and early 2017, Blackbird drilled and completed its 102/2-20, 3-28 and 2-20/11-9 Pipestone wells (the “Wells”) using the Stage Bowhead II fracturing system (the “Stage System”). The 102/2-20 well began production and clean-up on February 4, 2017 and was shut-in due to a third-party plant closure on February 12, 2017. After being shut-in for approximately 29 days, the 102/2-20 well resumed production and clean-up on March 13, 2017. During this secondary period of clean-up and the production of natural gas and condensate, in late April, 2017 it was determined that the 102/2-20 well was not producing at levels consistent with management’s expectation.

Click here for the full text release

Free insights from the experts.

 
Get valuable investing insights for the resource market in our new report
 

Leave a Reply

Your email address will not be published. Required fields are marked *