per day and we are [in late April] producing approximately 25,000
barrels per day and are seeing production increases from both new
wells and from optimization of mature producers. This represents an
80 per cent increase over average pre-turnaround rates.”
Nexen says that steam generation rates are at all-time highs and
increasing, resulting in the ability to inject “more steam into more
wells than ever before.” The company says the upgrader is experien-
cing 90 per cent uptime versus 50 per cent uptime prior to the turn-
around. It has also converted more than half its wells from gas lift to
electric submersible pumps, and expects to have about 80 per cent
converted by year-end.
“At our Long Lake oilsands project,
we are steadily climbing the growth
curve, achieving new record bitumen
production volumes each month as we
increase steam volumes.”
Avg. Price
63. 33
59.95 46.98 56.76
60. 41
Royalties
5.76
0.22
0.66
1.85
2.31
Transportation/Selling
2.33
2.69
3. 45
2.50
1.71
Operating Expenses
11. 11
15.91
11.81
10.85
10. 43
Netback 44. 13 14. 62 38. 51 47.00
Net after royalties, U. S. dollars.
Effective Jan. 1, 2010, Cenovus started presenting production numbers on a before-royalties basis.
49. 15
Nexen
great divide Pod one and Algar—connacher oil and gas
100 per cent interest
Junior Connacher Oil and Gas reached a significant milestone in the
first quarter of 2010 with the completion of construction of its second
SAGD project, Algar, which is located across the highway from its
existing Great Divide installation. The company reports this project
