The core asset of Mcland Resources Ltd is the Bashaw Nisku Formation in Alberta.
These sections boast abundant oil reserves, with approximately 3.2 million barrels of remaining recoverable oil currently under development.
The Nisku Formation is a significant oil and gas reservoir located in Alberta, Canada. Formed during the Upper Devonian period, it is part of the Western Canada Sedimentary Basin. Here is an overview of the Nisku Formation:
The Nisku Formation is primarily composed of carbonate rocks, specifically limestone and dolomite. It was formed in a shallow marine environment, preserving many marine organism fossils. These fossils and sediments collectively formed the current carbonate rock layers.
The Nisku Formation is renowned for its rich oil and gas reserves. The hydrocarbons in this formation are mainly found in pores and fractures, which provide excellent storage space and permeability pathways. The reservoirs in the Nisku Formation typically have high production rates and high pressure.
The oil and gas resources in the Nisku Formation were discovered in the mid-20th century and quickly became a major target for extraction in Alberta. With advancements in technology, especially the application of horizontal drilling and hydraulic fracturing, the development efficiency of the Nisku Formation has significantly improved.
The oil and gas resources in the Nisku Formation are of great economic importance to Alberta and Canada. They not only provide a substantial energy resource but also create numerous jobs and economic benefits.
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