Alvopetro Energy Acquires Heavy Oil Lands from Courser Energy
Alvopetro Energy has entered into an agreement with Courser Energy to acquire heavy oil lands in Alberta's Mannville fairway, adding 28 gross sections (14 net) to its portfolio. The company plans to drill five earning wells starting Q4 2026 at a cost of approximately C$8.5 million using advanced drilling techniques such as open-hole multilateral and horizontal wells with recirculation strings. Under the agreement, Alvopetro will initially hold a 75% working interest in these wells before payout, which then reduces to 50%. The company also gains access to surrounding undeveloped lands where it holds a 50% stake. This partnership expands its drilling inventory with over 75 gross locations available for future development. Alvopetro's CEO praised Courser Energy’s technical expertise and land position, highlighting the strategic value of this acquisition in enhancing their existing Mannville operations.
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