Source: Pengrowth Energy Corp.
Pengrowth Energy Corporation (TSX:PGF.UN) (NYSE:PGH) has resumed service of its Swan Hills gas gathering system in north central Alberta, following a fire that ignited on the line on Jan. 1, 2011.
Effective, March 1, 2011, Pengrowth received approval from the Energy Resources Conservation Board (ERCB) for the restart of the Swan Hills pipeline. Pengrowth has been working diligently in conjunction with the other pipeline owners, to get the line back in service; and the system is anticipated to return to service on March 2. This will allow approximately 1,500 barrel of oil equivalent (boe) per day of production net to Pengrowth to return to production.
On January 1, 2011, Pengrowth Energy Corporation staff and local authorities responded to a pipeline incident at the Swan Hills gas gathering pipeline system in North Central Alberta. The incident resulted in the shut-in of approximately 2,200 barrel of oil equivalent per day of Pengrowth production.
Pengrowth focus is to create value with the drill bit by drilling operated, low cost, low risk, repeatable opportunities in the Western Canadian Sedimentary Basin. Pengrowth's operations include production from a number of conventional and unconventional assets and are evenly balanced between liquids and natural gas. Future growth opportunities include the development of unconventional oil and natural gas production, heavy oil, shale gas and coalbed methane, as well as the addition of production through acquisition.