Packers Plus optimistic about industry

Capital investment in the energy sector has been a rare occurrence during the past year. So the recent move by Packers Plus Energy Services Inc.’s Red Deer operations into new premises probably raised a few eyebrows.

Capital investment in the energy sector has been a rare occurrence during the past year. So the recent move by Packers Plus Energy Services Inc.’s Red Deer operations into new premises probably raised a few eyebrows.

Doug Bobrosky, director of the company’s Canadian division, acknowledged that the decision to relocate from two separate bays in Edgar Industrial Park to a much bigger building in Clearview Industrial Park was made prior to the sharp downturn in the oil and gas sector. But Packers Plus Energy’s resolve to forge ahead anyway reflects its optimism about the potential for the multi-stage fracture stimulation system that it specializes in.

“We certainly had the ability to take a step back if we needed to, but we decided at that point that this technology is going to be required for mostly all the wells that are going to be drilled.”

Horizontal drilling and multi-stage fracing have proven an effective way to tap into the vast shale gas reserves in the United States and Canada. Those deposits were not previously economical using traditional vertical wells.

There’s plenty of shale gas in Western Canada, said Bobrosky, and the same technology can be used to extract gas — and more importantly oil, given current commodity prices — from other tight formations here.

“It has applications across the gamut, so we’re very excited about the potential in Central Alberta, and that’s why we’re committed to a new facility there.”

In fact, he pointed out, in August there were more horizontal wells than vertical wells drilled in Western Canada.

“That’s the first time that’s ever occurred in Western Canada.”

Packers Plus Energy’s Red Deer office services operations as far away as southwestern Saskatchewan. The city is centrally located and also an attractive place for people to live and work, said Bobrosky.

But he also thinks the mature oil and gas fields in Central Alberta still have a lot of life in them — particularly with improved drilling technology like that offered by Packers Plus Energy.

“A very low percentage of the oil was actually ever recovered. So we can go back and make that number a little higher.

“We’re very bullish on the long-term prospects in Central Alberta.”

Packers Plus Energy celebrated the grand opening of its new Red Deer facility earlier this month.

The company has 27 offices in Canada, the United States and elsewhere in the world.

hrichards@bprda.wpengine.com

Just Posted

Protect your pets from ticks, says Sylvan Lake vet

The number of ticks in Alberta has increased, and has put people and pets in danger of Lyme disease

Innisfail Eagles win Senior AAA provincial semifinal, earn final spot in Allan Cup

For the first time in their 71-year history, the Innisfail Eagles will… Continue reading

Ford says social media allows politicians to circumvent mainstream journalists

OTTAWA — Premier Doug Ford says mainstream journalists have become irrelevant because… Continue reading

Montreal priest stabbed during mass leaves hospital; suspect to be charged

MONTREAL — A Catholic priest who was stabbed as he was celebrating… Continue reading

The endless war against invasive species

Group looks to protect native ecological environments in Alberta

WATCH: Fashion show highlights Cree designers

The fashion show was part of a Samson Cree Nation conference on MMIW

Pricey Titanic wreck tours hope to bring new life to a century-old story

ST. JOHN’S, N.L. — Adventure tourists with money in the bank have… Continue reading

France investigates after older protester is injured in Nice

NICE, France — French authorities are investigating the case of an older… Continue reading

DOJ: Trump campaign did not co-ordinate with Russia in 2016

WASHINGTON — The Justice Department said Sunday that special counsel Robert Mueller’s… Continue reading

New report details impact of proposed NS spaceport in event of explosion or fire

HALIFAX — The head of a company proposing to open Canada’s only… Continue reading

Rothmans, Benson & Hedges gets creditor protection in $15B Quebec lawsuit

MONTREAL — Rothmans, Benson & Hedges has become the third tobacco company… Continue reading

Monster Energy drink recalled due to possible glass fragments

OTTAWA — Monster Energy Canada Ltd. is recalling one of its drinks… Continue reading

Global ocean group to study possible toxic splashdowns of space debris

A global agency that sets rules for the seas is studying the… Continue reading

Online real estate auctions try to shake up sales with novel approach

An online auction for a luxury home in Abbotsford, B.C., is drawing… Continue reading

Most Read