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Hay River

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Hay River

Town in Fort Smith Region, southern Northwest Territories; population (2006) 3,500. Hay River stands at the mouth of the 560 km/350 mi-long river of the same name, on the southwestern shore of Great Slave Lake, 96 km/60 mi north of the Alberta border.

Hay River was once the home of the Dene, or Slavey, indigenous people, and was an active fur-trading centre before the construction of the Mackenzie Highway (1949) and the railway (1964) made it a commercial fishing and regional transshipment centre, with a port that is open for five months of the year. The lead and zinc mines of Pine Point lie 72 km/45 mi to the east. The Alexandra Falls and Louise Falls, on the river southwest of Enterprise (34 km/21 mi south-southwest), are noted sights.



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Three regional processing centers have been established in Yellowknife, Hay River and Inuvik.
We successfully closed the Hay River property acquisition, adding approximately 5,200 BOE/d of production at favorable acquisition metrics (approximately $46,000 per BOE/d, $13.
5) The reserves attributable to Harvest's Hay River property, which is an area that produces medium gravity crude oil (average 24 degrees API), are subject to a heavy oil royalty regime in British Columbia and would be required, under NI 51-101, to be classified as heavy oil for that reason.
 
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