Did You Know That .........?
(Printable Version)
- In 1993, oil was discovered in the Jurassic Melita Formation in the St. Lazare area.
- In 2001, oil was discovered in the Devonian Three Forks Formation in the Daly Field, marking Manitoba’s first pre Mississippian Production. In 2007, it accounted for 49% of Manitoba’s oil production.
- Manitoba oil fields have produced a total of 40,228,351 m3 (253,167,722 Bbls) of oil. The Virden field has produced 58.6% of this total.
- The oldest producing well drilled in Manitoba is Daly Unit #3 Prov. 7-12-10-26 which has produced since July 1951. Manitoba’s most productive well is 2-21-11-26W1 in North Virden Scallion Unit No. 1 which has produced 1.89 million barrels of oil since June 1955.
- Manitoba's oil is of good quality, and in 2007 the average selling price for light sour blend crude was $464.34 per cubic metre ($73.79 CDN per barrel). The estimated value of oil sold in 2007 was approximately $580 million.
- As of December 2007, there are approximately 2,576 producing oil wells in Manitoba, 246 of which were put on production during 2006.
- In December 2007, average production rate for horizontal wells in the province is 2.77 m3 per day (17 barrels per day), compared to an average production rate of 1.16 m3 per day (7.3 barrels per day) for vertical wells. During 2007, horizontal wells accounted for 30% of the province’s total production.
- Currently there are 14 designated oil fields and 204 oil pools in southwest Manitoba.
- Manitoba's crude oil production is equivalent to approximately 25% of the province's refined petroleum products requirements.
- Approximately 8.2 million m3 (51.4 million barrels) of salt water were produced in 2006, that's 10.06 m3 of salt water for every 1 m3 of crude oil produced. Salt water must be separated from the oil and re-injected into subsurface formations.
- Approximately 400 wells are used for purposes other than production, such as disposal of produced water.
- The current cost to drill and complete a well in Manitoba ranges from $325,000 to $1.2 Million depending primarily on depth.
- 324 new wells were drilled in Manitoba during 2007 including 58 horizontal wells; of these 300 (93%) were cased as potential oil producers.
- Only 10 to 15% of the oil discovered in Manitoba is recoverable under natural depletion. Recovery may be increased to over 30% by water flooding.
- In 2007, approximately 56% of the producing wells are in waterflood projects and presently account for approximately 28% of the oil produced.
- As of December 31, 2003, the remaining established oil reserves were estimated to be 4.3 million m3
(27.2 million barrels).
- Approximately 80% of the oil and gas rights are owned by private individuals or companies (freehold), the remaining 20% are owned by the Crown in the right of Manitoba.
- With a geothermal gradient of 1.3°C/m in the Virden area, thermally mature oil and gas can be generated in the rocks as shallow as a depth of 335 m. This means the Cretaceous shales in Manitoba are excellent candidates for shallow gas exploration in most of the extreme southwest corner of Manitoba.
- Royalties payable to private oil and gas rights owners were estimated at $62 million in 2006.
- Total oil industry expenditures in Manitoba in 2006 were approximately $380 million.
Conversions - cubic metre = 6.29 barrels
1 barrel = 35 gallons (Imperial)