CALGARY, Alberta, Oct. 23, 2017 (GLOBE NEWSWIRE) — 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.
Chief Financial Officer