Lloydminster, Alberta/Saskatchewan

Crew’s Lloydminster asset is situated in the Saskatchewan/Alberta border region near the city of Lloydminster, Saskatchewan. Production from the area is comprised of 12º to 14º API heavy oil, which is conventionally produced. As of year-end 2013, Crew owned 97,219 net acres of land with an average working interest of 94%.

Crew had 321 (280.7 net) producing oil wells and 10 (8.8 net) service wells at the end of 2013, along with the 100% owned Dulwich oil processing facility and numerous single and multi-well batteries located at individual pad sites. In addition, the company owns 13 water disposal sites to process water from local Crew owned and operated wells. Our Lloydminster assets produced close to 6,100 boe/d in 2013 weighted 99% to oil and liquids, with the majority of the oil production being gathered and processed at the Dulwich facility. Crew’s proved plus probable reserves in Lloydminster totaled 12,452 mbbl of oil and NGLs plus 593 mmcf of natural gas as assigned within the year-end 2013 Sproule Report.

Our 2014 capital plans for this area include the drilling of 34 net heavy oil wells to follow up the exploration and development success of 2013.