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Arrow Exploration Announces Potential for Production from West Pepper Well, Alberta
Calgary, Alberta--(Newsfile Corp. - April 7, 2021) - ARROW Exploration Corp. (TSXV: AXL) ("Arr...
About this update from Arrow Exploration Corp.
[{"type":"text","content":"Arrow Exploration Announces Potential for Production from West Pepper Well, AlbertaCalgary, Alberta--(Newsfile Corp. - April 7, 2021) - ARROW Exploration Corp. (TSXV: AXL) (\"Arrow\" or the \"Company\") is pleased to provide an update with respect to the potential for natural gas production from the Company's 03-26-52-23W5 well located at West Pepper, Alberta.Potential for Production from West Pepper Well, AlbertaArrow is evaluating the potential for the tie-in of behind-pipe natural gas from the 03-26-52-23W5 exploration well (the \"3-26 Well\") located at West Pepper, Alberta during Q3 2021. The Company expects to provide a further update with regards to its plans for the 3-26 Well in the coming months.In January 2017, the 3-26 Well was drilled by Front Range Resources Ltd. (\"Front Range\"), the predecessor company to Arrow, to a total measured depth of 5,960 metres (3,689 metres TVD) with a 1,930 metre horizontal leg in the Upper Montney. The 3-26 Well was completed with a 31-stage slick-water frac with an average of approximately 38 tonnes of proppant placed per stage.Over the initial 48 hours of the 278 hour flow test period, the 3-26 Well flowed at an average rate of approximately 5 MMscf/d of natural gas (0.04% H2S) at a flowing casing pressure of 3,778 kPa (548 psi). No natural gas liquids were recovered during the test. Load fluid volumes representing 16% of total load fluid were recovered. Initial results from an injection fall-off test indicated a reservoir pressure of up to 48 MPa. Drilling and completion operations were on time and on budget.In a subsequent test in May 2017, 3,800m of 2 3/8-inch tubing was run into the well to ready it for production. A static gradient was performed prior to flow testing and the well exhibited reservoir pressure of 43,500 kPa (6,300 psi), representing 14% overpressure. The 3-26 Well was then opened to flow and demonstrated a sustained rate at 7.5 MMscf/d at 16,500 kPa (2,400 psi). The test results are not indicative of long-term well performance or of the ultimate recoveries from the 3-26 Well.In February 2021, the Company retained the services of an independent oil & gas engineering consultant (the \"Consultant\") to assist Arrow in preparing an economic analysis (\"Analysis\") of a potential tie-in of the 3-26 Well. In summary, the conclusions of the Analysis included:Estimat...