Medicine Hat - Alberta
| 2009 Revenue: | $1,107M |
|---|---|
| Operator: | Suncor Energy |
Medicine Hat Consolidated Unit No. 1 is a unitized gas field located in Alberta, approximately 257 kilometers southeast of Calgary, Alberta, and encompasses 62,770 gross (net 1,443) acres with 1,013 gross (net 23.3) producing wells. Franco-Nevada holds an effective 2.3% overriding royalty in Medicine Hat Consolidated Unit No. 1. Medicine Hat Consolidated Unit No. 1 is operated by Suncor and produces natural gas without any associated liquids. Medicine Hat Consolidated Unit No. 1 was formed in 1994 and produces from the Medicine Hat zone of Upper Cretaceous Age.
For 2009, revenue received by Franco-Nevada from Medicine Hat Consolidated Unit No. 1 was $1,107,000 and production net to Franco-Nevada was 160 Boe/d (960 Mcf/d). As of December 31, 2009, net proved reserves to Franco-Nevada’s Oil & Gas Interests were 395 Mboe (2,371 MMcf).