So we ended up drilling, with partners, around 15 wells there for shale gas. Then we got Forest Oil in the United States to farm in after that. It took us until 2005 to get Talisman to farm in. It turns out that Michell was doing it in Texas earlier than that.
I won’t say we were the first, but probably among the first in Canada looking for unconventional gas.
We went off for almost 10 years after that, doing the former Soviet Union and other oil and gas in different places.Ībout 2000, we took out about a million-plus acres of land there to look for unconventional gas. Through that process, we had a lot of seismic, good knowledge of the geology. How did that come about?īinnion: I actually drilled a well there, with a Questerre predecessor called Teranex, in 1993 – a dry hole, a big exploration well for conventional gas. P.N.: Questerre has been one of the few, and maybe only, oil company to dare to try to develop oil production in Quebec. We expect to drill four to eight wells this year, which, for us, will be one to two net wells, in 2018. We drilled four wells last year, so for us that’s one net well. We’re a 25 per cent non-operating partner, so that certainly makes it easier. P.N.: The Montney’s not a cheap play to be working in.īinnion: No. It’s a big prize for Questerre if we’re able to move forward in Quebec. And then we’re actively drilling in the Alberta Montney. It’s really in the field and reservoir optimization stage of its life. The asset in Saskatchewan is basically drilled up. Our real corporate focus is developing and drilling our Montney play. P.N.: What are your future plans for Saskatchewan?īinnion: We like that asset, for sure. P.N.: They were always the acquirer, with no interest in selling.īinnion: They were our partner for some number of years, with not interest in selling, but probably brought on by the markets, there’s been a corporate change, there. We went from 50 per cent to now we’re 100 per cent. The opportunity came up, due to the markets and timing, that our 50 per cent partner was interested in selling, so we were able to consolidate our position. It’s a real bread-and-butter play for us. Michael Binnion: For five to 10 years, we’ve been in the Torquay play, similar to the Bakken, in the Antler/Fairlight area. Pipeline News: Can you explain what you’ve been doing in Saskatchewan? The geology’s not all that different north of the border, and Questerre has spent many years trying develop it.īinnion spoke to Pipeline News on Dec. Questerre is looking to develop shale gas in la belle province, much in the same way shale gas in the northeast United States has totally changed the North American energy market. That made it a good time to call up Michael Binnion, president and CEO of the company that has had the tenacity to try to start an oilpatch in Quebec, probably the most anti-fossil fuels province in the country. Acquired assets include 3D seismic data over the producing acreage with a value of approximately $770,000.
Questerre acquired approximately 180 bpd of light oil production in the Antler area for gross consideration of $7.25 million, subject to customary industry adjustments. 27 that it has closed an acquisition of producing Bakken/Torquay oil assets in the Antler area of southeast Saskatchewan.
Calgary – Questerre Energy Corporation said on Nov.
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