Willesden Green
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| Main Properties: | Willesden Green, Minnehik-Buck Lake, Redwater, Alder Flats, Crystal, Three Hills, Leafland, Strachan/Sunchild, Garrington, Fort Saskatchewan |
| Production Mix: | 26% light crude oil 62% natural gas 12% NGL |
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Located south of Pembina, Willesden Green is also an area of long-life and low-decline light oil and liquids-rich natural gas produced from multiple zones. Control of key legacy infrastructure, including the Minnehik-Buck Lake sour gas processing plant, solidifies Penn West's regional operating dominance.
The Willesden Green property is an active development area. Penn West retains deep mineral rights nearly everywhere in the area, enhancing longer-term exploration potential for Penn West or our drilling partners.
Over the past two years, production from the area has remained relatively constant due to oil and natural gas well drilling and optimization of the area's wells and infrastructure. The property has one of the highest netbacks due to its mix of light oil, liquids-rich natural gas, low royalty rates and extremely low operating costs. Penn West controls the area's oil and natural gas gathering infrastructure that is centred on the 100 percent owned Willesden Green gas plant.
