The Slave Point formation is a layer of sedimentary rock composed primarily of oil bearing carbonate minerals: mostly limestone and dolostone having low permeability (the capacity of a rock or sediment to move water or other fluids through its pore space.)

In the Greater Red Earth area of north central Alberta, the Slave Point formation is a proven oil producer since the 1960’s when the first vertical wells struck oil. In addition to producing light, sweet oil of 35°-40° API, the formation produces low rates of water production and low solution gas volumes.  The industry estimates 1 billion barrels of … Continue Reading