WTI ($/bbl): 26.55 As of: 01/20/16

BNK Petroleum Corporate

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WellSite Selection/Construction

Wellsite Selection and Construction

The selection and construction of an oil and gas wellsite is always conducted using BNK corporate criteria, best industry practices. During the development of the site, drilling and completion operations, you can expect to see an increase in heavy traffic on the roads surrounding the site as equipment such as the drill rig, bulldozers, graders, water trucks and other heavy equipment is transported to and from the site. This traffic increase usually lasts a few weeks and once well drilling and completion operations are finished, should decrease substantially.

The initial steps in final wellsite selection are the identification of several potential wellsites following an extensive geological and seismic review of all available data which leads to the identification of general areas to drill an exploration well. At this point, the following process further refines the selection:

  • GIS (Geographic Information System) review to immediately exclude all sensitive zones and review access
  • Desktop review to identify water access, archeological sites, ecological sites, etc.
  • Initial visit to validate findings to date and prioritize wellsites

These preliminary steps ensure the corporate criteria are followed:

  • Maximum distance from nearby residential areas, protected areas, areas of natural interest, archeological zones, etc.
  • Review of agricultural areas to ensure minimum inconvenience
  • Review of access and transport routes to minimize disruptions
  • Review of topography to ensure minimal earthworks for the lease construction
  • No deforestation
  • Near water sources and known aquifer depths

Once a wellsite is identified, the local community and landowners are contacted to discuss the potential use of approximately 350 ft. x 400 ft. portion of land for wellsite construction. If needed a more detailed Environmental Impact Assessment is performed to ensure impacts to the environment, animal habitats, archeological sites and the community in general are carefully considered and the necessary steps are taken to minimize potential impacts. The well site is constructed with secondary containment to ensure potential spills will not impact the environment. Also, noise surveys are performed and noise abatement installed as needed to reduce impacts to the nearby community.