Corporate Summary
Desmarais is a junior oil and gas exploration and production company primarily focused in West Central and South East Alberta. In Barrhead (West Central Alberta), the Company has a balanced portfolio of shallow to medium depth exploration and development plays targeting medium gravity sweet crude oil and multi-zone liquids-rich natural gas.
Most recent success was a new pool oil well with a number of development locations supported by 3-D seismic control. More than $3.5 Million has been invested in lands, infrastructure and seismic. At Virginia Hills (West Central Alberta), Desmarais has an interest in the Beaverhill Lake light oil resource play, with the first well to be drilled on these lands in Q1 2013.
Current production is approximately 50 BOEPD (barrels of oil equivalent per day) (35% oil). Production is 68% operated with varying working interests averaging 34% in 27 wells. There is also optimization and exploitation potential of five additional wells (100% WI).
Desmarais has an average 68% working interest in more than 20,440 total acres of prospective lands or 32 sections of land.
Management has been responsible for the drilling and completion of more than two thousand wells during their careers in the oil and gas industry. Management has more than three decades of experience individually with both Majors and Juniors.
Desmarais is a junior oil and gas exploration and production company primarily focused in West Central and South East Alberta. In Barrhead (West Central Alberta), the Company has a balanced portfolio of shallow to medium depth exploration and development plays targeting medium gravity sweet crude oil and multi-zone liquids-rich natural gas.
Most recent success was a new pool oil well with a number of development locations supported by 3-D seismic control. More than $3.5 Million has been invested in lands, infrastructure and seismic. At Virginia Hills (West Central Alberta), Desmarais has an interest in the Beaverhill Lake light oil resource play, with the first well to be drilled on these lands in Q1 2013.
Current production is approximately 50 BOEPD (barrels of oil equivalent per day) (35% oil). Production is 68% operated with varying working interests averaging 34% in 27 wells. There is also optimization and exploitation potential of five additional wells (100% WI).
Desmarais has an average 68% working interest in more than 20,440 total acres of prospective lands or 32 sections of land.
Management has been responsible for the drilling and completion of more than two thousand wells during their careers in the oil and gas industry. Management has more than three decades of experience individually with both Majors and Juniors.