Sunday, November 6, 2011

Alberta Canada Oil Shale - Exshaw Shale

November 7, 2011 - Murphy Oil (MUR) recently gave an update on the Exshaw Shale Oil Field located in Southern Alberta Canada. The Exshaw Shale is an emerging oil field in Canada which also extends down into Montana.

"In Southern Alberta, our Exshaw Bakken appraisal program has completed the first phase. We have drilled a total of 6 wells, the last well is awaiting completion, 2 wells are showing productive capability in line with expectations, 1 well is producing at very low rates and 2 wells are shut in to evaluate. Overall, production results from the first phase of wells have been mixed, and we continue to evaluate the play to identify sweet spots and areas for improvement.