Pembina

Production Steady and Development Continues

Pembina was ARC’s first operated core area and remains an excellent Trust asset due to its low decline rate and long economic reserve life. This area produces high quality light, sweet oil and has an economic reserve life in excess of 50 years. Most of the properties are under waterflood with resulting long-term, stable production rates and high reserves recovery. In 2005, ARC further strengthened its position in the Pembina area with the acquisition of a 45.57 per cent working interest in the North Pembina Cardium Unit # 1 (NPCU). In 2009 production in Pembina was 9,410 boe/d.

Area In Detail

Key Property - Pembina

Assets in the Pembina area were a key piece of the properties purchased to form ARC in 1996. These long reserve life index assets have a low rate of decline and should provide production for years to come. In 2009 ARC applied knowledge gained from its Dawson area with the drilling of horizontal wells in the Pembina field. Continued use of horizontal technology is being applied in Pembina to produce high quality Cardium oil.

AGM: Pembina Update

Field Office

Superintendent: Rob Meads
6421 - 50th Avenue, Drayton Valley, Alberta T7A 1R8
Tel: (780) 542-5552-----Fax: (780) 542-7552