Rubellite’s is developing its pure Play Clearwater asset base in Eastern Alberta utilizing multi-lateral drilling technology. Six to eight horizontal laterals, typically close to a mile in length, are drilled from a single host well to open up over 8,000 meters per well of reservoir for production. Multiple wells are drilled from surface pad sites to maximize capital efficiencies while at the same time minimizing environmental disturbance and concentrating activity for low-cost operations. The properties have excellent existing road networks for operations and nearly year-round drilling access.
Rubellite has set a robust pace for organic growth in production, reserves, funds flow and value for shareholders. Ongoing drilling activity is delineating Rubellite’s extensive land position and evaluating innovative technologies and practices to drive continuous capital efficiency improvements.