Focused On Low Cost Operations
Perpetual Energy has two core operating areas; West Central Deep Basin where operations have been established in the greater Edson with wells producing liquids-rich gas primarily from the Wilrich formation, and Eastern Alberta where production centers around heavy oil development in the Mannville area. Perpetual Energy also has a significant portfolio of oil sands leases which have bitumen resource potential and may be developed in the long term.
West Central Deep Basin
East Edson Deep Basin, Other
In the West Central deep basin, core operations have been established in the greater Edson area. The Company is a 50% working interest partner with Tourmaline Oil Corp who operates both vertical, multi-zone commingled wells and horizontal wells producing liquids-rich gas primarily from the Wilrich formation.
Major facilities include one Tourmaline operated gas plant including liquids recovery facilities, one compressor station, a 15.5 km sales pipeline, an extensive gathering system and a 7.5 percent working interest in a non-operated gas plant.
PRODUCTION
RESERVES
DRILLING INVENTORY
Eastern Alberta
Mannville Heavy Oil, Tight Shallow Gas, Conventional Shallow Gas
Perpetual’s focus in Eastern Alberta centers around heavy oil development in the Mannville area. Exploration and development of Cretaceous-aged conventional heavy oil pools which are geographically synergistic with the Corporation’s shallow gas assets have been developed utilizing Perpetual’s extensive database of 2D and 3D seismic.
PRODUCTION
RESERVES
DRILLING INVENTORY
Bitumen
Panny, Liege, Other
Perpetual held 86,402 net acres (97 percent undeveloped) of oil sands leases at year-end 2022 which are geographically synergistic with several of its legacy shallow gas operating areas in northeast Alberta. The land holdings are focused in Panny, Liege and Marten Hills. The bitumen resource potential on several of these leases may be developed over the long-term using a variety of recovery techniques, ranging from near cold production technologies to in-situ thermal techniques such as electro-thermal heat generation technology.
West Central Deep Basin
Eastern Alberta
Bitumen