Valeura and its predecessor companies have operated oil and gas fields in Canada for approximately 10 years. Valeura operates nine oil and gas properties in Alberta, which produced 65 BOE/d (net) in the third quarter of 2012. The main producing areas are shown in the map below.
Grand Forks / Hays
Valeura has an interest in ten wells in the area, of which half are operated, with an average working interest of 69.6%. In 2012, net production from the area averaged 73.1 Mcf/d of natural gas and 30.4 bbl/d of oil or a total of approximately 43 boe/d.
Valeura holds working interests ranging from 10.0% to 84.4% in various other properties in Alberta. In 2012, net production from these other properties averaged 70.1 Mcf/d of natural gas and 11.2 bbl/d of liquids or a total of approximately 23 boe/d.