Yangarra Resources and NCS Multistage Announce Record-Breaking Well in the Cardium Formation

Monday, October 23, 2017 9:00 PM UTC

CALGARY, Alberta, Oct. 23, 2017 -- Yangarra Resources Ltd. (“Yangarra”) and NCS Multistage Holdings, Inc. (Nasdaq:NCSM) (“NCS Multistage”) have completed a 135-stage well in the Cardium Formation in 116 operating hours. The well was completed in a single coiled-tubing run with 7.4 million lb (3,374 tonnes) of proppant placed and an average frac rate of 34.59 bbl/min (5.5 m3/min). The completion alternated between single- and double-casing joint spacing between fracture sleeves, enabling Yangarra to optimize the lateral section of the wellbore and better understand the impact of increased fracture intensity on stage isolation effectiveness.

Shawn Leggett, Vice President of NCS Multistage, commented on the importance of this treatment: “Understanding the effectiveness of fracture stage isolation is an essential first step in optimizing completion designs that result in better wells.”

About Yangarra Resources Ltd.

Yangarra Resources Ltd. is a junior oil and gas company engaged in the exploration, development and production of natural gas and oil with operations in Western Canada, with a main focus on Central Alberta, where the company has extensive infrastructure and land holdings.

About NCS Multistage

NCS Multistage Holdings, Inc. is a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well completions and field development strategies. The Company provides products and services to exploration and production companies for use in horizontal wells in unconventional oil and natural gas formations throughout North America and in selected international markets, including Argentina, China and Russia. The Company’s common stock is traded on the NASDAQ Global Select Market under the symbol “NCSM”. Additional information is available on the Company’s website, www.ncsmultistage.com.

Multistage Unlimited is a trademark of NCS Multistage, LLC.

Contact

Ryan Hummer
Chief Financial Officer
(281) 453-2222
[email protected]

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Yangarra Resources and NCS Multistage Announce Record-Breaking Well in the Cardium Formation

Editor's Picks

Welcome to EconoTimes