RMP Energy considering Kaybob development

摘要

RMP Energy Inc. has not drilled a Kaybob Montney natural gas well in over four years, but in light of changing technologies and increased commodity prices, the company could start capitalizing on its 25 identified development locations in the area before the end of 2014. "We're looking at the new completion techniques and seeing if we can make this economic, as well, with higher gas prices, and we're trying to figure out if we should be doing something here," John Ferguson, president and chief executive officer, told the company's annual general meeting. "I think we're going to have to make a decision on this in the next couple to three months, and probably drill a well before the end of the year."