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Alberta
In western Alberta, Enterra operates a light oil field at Clair on the Peace River Arch. This property has the distinction of being among the lowest operating cost properties within our portfolio, and is presently under water flood to maximize ultimate oil recovery. Production at the end of 2006 at Clair was 1,320 boe/day.
Enterra also operates a number of mature light to medium gravity oil fields with associated natural gas in eastern Alberta. These properties span from Provost, Wainwright, and Alliance in the north to Princess in the south. This area is characterized as having established and predictable production profiles. In aggregate, these fields produced 2,330 boe/day at the end of 2006.
While relatively mature in nature, these areas possess a range of additional drilling opportunities that the Trust is currently reviewing. We have over 30,000 net acres of undeveloped land currently available in Alberta.