Ferguson Upper Bakken Overview
The Upper Bakken siltstone or "Alberta Bakken" pool at Ferguson in southern Alberta is Granite’s core asset. The Alberta Bakken pool stretches over a 30-mile fairway across this extensive property, producing medium-gravity (30-32° API) oil as well as associated or solution gas, plus natural gas liquids. Granite’s operational focus at Ferguson is on extending the core pool area’s enhanced oil recovery (EOR) program while further delineating and growing production on the property’s virtually undrilled western lands.
Granite’s predecessor company drilled the discovery wells establishing the Upper Bakken siltstone as a commercial reservoir using horizontal wells and multi-stage fracturing. In the period 2011-2014, that company accumulated land at high working interest, explored and delineated the pool, constructed infrastructure and initiated the gas reinjection EOR program aimed at achieving low-decline, long-life production with maximum long-term oil recoveries.