Rubellite is actively developing its 3 sections of land at Marten Hills. Production operations were established in July 2021 with the drilling of two eight-leg multi-lateral wells. Four (2.0 net) additional 8-leg lateral wells are planned for Q1 2022. Oil is treated onsite and trucked to a nearby pipeline terminal for sales.
Offset operators have executed waterflood pilots which have promising results to increase recoverable reserves. Rubellite is further evaluating stacking of horizontal wells within the Clearwater zone to flatten production declines and increase oil recovery. Rubellite has a 50% working interest at Marten Hills.