Production / Operations

HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES WILSON CREEK OPERATIONAL UPDATE

By The Northwire Desk — AI Analysis Jan 12, 2026 · 16:30 HAM · 3.85 Highwood Asset Management Ltd.

HAM · Price

Highwood’s two Q4‑2025 wells (13‑02 and 11‑33) entered production on schedule, achieving a ~50‑day cycle time with capital costs ≈10 % below budget.
Combined initial three‑week average production was 1,700 bbl/d of light oil and 2,400 boe/d (85 % liquids); net rates were 1,450 bbl/d oil and 1,950 boe/d.
Management projects the wells will “pay out” in under three months, delivering recycle ratios >3.5 at current strip pricing, supporting a positive cash‑flow outlook for the Wilson Creek asset base.

Wells Completed: 102/13-02-043-06W5 (“13‑02”) and 100/11-33-042-05W5 (“11‑33”).
Cycle Time: ~50 days from spud to first production.
Capital Efficiency: Costs ≈10 % below original budget.
Initial Production (first 3 weeks, gross):
Light oil: 1,700 bbl/d total (≈850 bbl/d per well).
Total liquids‑incl. NGLs: 2,400 boe/d (85 % liquids).
Net Production (first 3 weeks): 1,450 bbl/d oil and 1,950 boe/d liquids.
Recent 10‑Day Averages:
13‑02 Well: 900 bbl/d gross oil (698 bbl/d net) and 1,500 boe/d total (1,163 boe/d net).
11‑33 Well: 900 bbl/d gross oil (900 bbl/d net) and 1,110 boe/d total (1,110 boe/d net).
Projected Pay‑Out Period: <3 months; recycle ratio >3.5 at WTI $57/bbl, MSW $3.75/bbl, AECO C$2.50/GJ.
Asset Portfolio: 16.5 net booked locations and 13 net unbooked locations in Wilson Creek.
Company‑wide Production: >6,300 boe/d (as of release).
Drilling Outlook Q1 2026: Plan to drill 1–3 additional wells in the Basal Belly River Horizon, contingent on market conditions.

(No direct CEO/President quotes were included in the release.)

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