Painted Pony has over 200 net sections of land with an average 75% working interest on its Montney lands, and operatorship on all key properties. Painted Pony’s five year plan is focused exclusively on 100% working interest drilling locations.
Painted Pony has over 115 MMcf/d of existing processing capacity, including 100% working interest facilities at Townsend and West Blair, an operated 50% working interest facility at Daiber, and capacity at third party owned and operated facilities. Expected processing capacity at the proposed AltaGas Townsend Facility will be 150 MMcf/d in its first year of operations, increasing to 198 MMcf/d in its second year of operations.
The Company’s properties are located adjacent to the paved, multi-lane Alaska Highway, providing the Company with year-round access to its field operations.
Pipelines (Sales lines)
Painted Pony enjoys excellent pipeline egress to multiple North American markets and potential future international markets. The Company’s assets are uniquely situated to deliver gas volumes into Spectra, Alliance or AECO-NGT pipelines, and are well positioned to deliver to the future North Montney Mainline project currently proposed by TransCanada.
Painted Pony’s lands are positioned within the British Columbia reduced royalty area ($2.2M average royalty credit per well), providing one of the most competitive royalty structures in North America.
Core area producing through AltaGas Blair Creek facility and Painted Pony 25 MMcf/d operated facilities at West Blair and Daiber.
A liquids-rich, high working interest area producing to Painted Pony operated facility and the 198 MMcf/d AltaGas Townsend facility.