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  1. Market Data
May 6, 2022

Penny (Tamarack Valley Energy Ltd) AB/SK Conventional Gas Field, Canada

By Carmen

Penny (Tamarack Valley Energy Ltd) AB/SK is a producing conventional gas field located onshore Canada and is operated by Tamarack Valley Energy.

Field participation details

The field is owned by Tamarack Valley Energy.


Production from Penny (Tamarack Valley Energy Ltd) AB/SK

The Penny (Tamarack Valley Energy Ltd) AB/SK conventional gas field recovered 15.46% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 2.13 thousand bpd of crude oil and condensate, 3 Mmcfd of natural gas and 0.04 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2094.


Remaining recoverable reserves

The field is expected to recover 17.43 Mmboe, comprised of 14.09 Mmbbl of crude oil & condensate, 19.09 bcf of natural gas reserves and 0.15 Mmbbl of natural gas liquid reserves. Penny (Tamarack Valley Energy Ltd) AB/SK conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.


About Tamarack Valley Energy

Tamarack Valley Energy Ltd (Tamarack) is a Canada-based oil and gas company. The primary operation of resources is focused on the western Canadian sedimentary basin. The products of the company include crude oil, heavy oil, light oil, natural gas liquids (NLG’s). Tamarack’s asset portfolio is based in the Cardium and also Viking light oil plays in Alberta andalso Saskatchewan. The company primarily operates in Canada. Tamarack is headquartered in Calgary, Alberta, Canada.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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