This operating area is located southeast of Calgary near the town of Brooks, Alberta. The South District produces medium gravity crude, as well as liquids rich natural gas. Cardinal owns and operates a significant infrastructure system, including several oil and natural gas processing facilities, within this area. The Company has grown this area through numerous strategic acquisitions and development drilling. Production is budgeted to average 6,350 boepd in 2022.
Tide Lake
Within, our southern properties, the Tide Lake area is, and is expected to remain, an area of focus and growth for Cardinal over the next several years. Substantial expansion of the facilities occurred during 2022 to support the consistently strong drilling results demonstrated across multiple prospective intervals.
