Crescent Petroleum acquired a controlling interest in Buttes Resources Canada Limited (BRCL) in 1989. BRCL was the holder of significant gas and oil production and reserves in the provinces of Alberta and Saskatchewan, as well as large exploration acreage in the provinces of British Columbia and the Northwest Territories, Canada.
The main crude oil producing property of BRCL was Tangleflags in the heavy oil area of Saskatchewan. The principal natural gas producing fields of BRCL were the Hatton Field in southwestern Saskatchewan and the Cold Lake and Coulee Fields in Alberta.
The main purchaser of the company’s oil and gas production was Saskatchewan Power Corporation, a Canadian public utility. The company had 10 net oil wells and 133 net gas wells, which produced from 38,380 net developed acres. The undeveloped acreage totalled 99,851 net acres.
At Hatton Field, additional drilling on undeveloped acreage was undertaken in 1990, at the end of which 53 gas wells were tied in and 8.0 MMscf/d of additional compression capacity was installed. Production was from the Milk River and Medicine Hat marine sands of the Upper Cretaceous age.
In early 1990s, we sold our interest in BRCL.