DeeThree is a growth story
We have grown from a small junior into an intermediate producer in under four years – almost entirely through the drill bit. By focusing on two large-scale, high-netback oil opportunities, we have doubled and redoubled reserves, and delivered multi-year growth in production and funds from operations. Production is on track to meet our 2014 exit guidance of 13,000-13,500 boe per day.
Exit Production (BOED)
P+P Reserves (MMBOE)
Two core oil plays in Alberta
DeeThree’s operations are focused on two high-working-interest, Company-operated oil plays in Alberta, with additional potential in non-core lands. Successive years of exploration and step-out drilling have added hundreds of lower-risk horizontal development locations at our two core plays. Both plays have extensive Company-owned infrastructure.
The dozens of horizontal wells drilled by DeeThree have shown that the unique, drill-friendly Upper Bakken siltstone extends over a wide area. This has created a multi-year, low-risk development platform of over 100 future wells.
DeeThree has demonstrated horizontal development amenability in seven zones in this medium-depth, light oil and liquids-rich gas play in west-central Alberta. In only three years, DeeThree has driven the Brazeau play from initial horizontal testing to a 400-well development inventory.