Athabasca Oil adopts lower 2021 budget Dec 3 2020 – Transcourt


Athabasca Oil Corp. Well, Facility & Pipeline Permit Since 2014 – Reports Report Downloads

The link below will allow you to download for free the list of the well, facility and pipeline permits for Athabasca Oil Corp since 2014


Well Permits in 2020

The map shows the Athabasca well permits since 2014

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Athabasca Oil adopts lower 2021 budget

CALGARY – A Canadian oil company with production from both oilsands and light oil and gas wells is forecasting lower spending and little change in production in 2021.

Athabasca Oil Corp. says it plans to spend $75 million next year, versus $85 million in 2020, with $70 million of that focused on drilling wells to sustain production at its Leismer oilsands project, which employs steam to produce bitumen.

It says it plans to drill no new wells in its light oil division but added its minimal capital program is flexible depending upon changes in commodity prices.

Athabasca expects 2021 production of between 31,000 and 33,000 barrels of oil equivalent per day (10% natural gas), similar to its 2020 average output of about 32,250 boe/d.

Last month, the company reported a third-quarter net loss of $18.8 million, versus a loss of $8.3 million in the year-earlier period, on lower bitumen production and oil prices.

It reported bitumen output of 20,200 barrels per day, down from 25,200 in the same period of 2019, due to a maintenance shutdown at its Hangingstone thermal oilsands project, while light oil and gas output grew to 11,830 boe/d from 10,000 boe/d.