Pengrowth’s Groundbirch assets in northeast British Columbia are located in the tight gas Montney resource play, which is regarded as one of the best tight gas plays in North America. Pengrowth’s Montney assets encompass 19 100-percent owned and operated sections providing a large, high-quality resource with significant drilling opportunities to support growth in production and reserves. The Company also owns a 30-million-cubic-feet-per-day processing facility on our lands.
Pengrowth’s Groundbirch asset provides multi-zone development opportunities with four prospective and proven sub-zones thought to exist within the Montney and is expected to provide in excess of 390 gross drilling locations. Based on internal work, the best estimate for total petroleum initially-in-place (PIIP) on Company lands at Groundbirch is in excess of 3.7 Tcf of gas.