Since 2012, Shell has been actively pursuing the production of liquids-rich shale from land holdings of 225,000 net acres in the Duvernay tight/shale gas formation near Fox Creek, Alberta. Shell is currently producing approximately 20,000 barrels of oil equivalent per day, comprised of oil and condensate from approximately 119 wells…
Western Canada Oil & Gas Weekly Update June 22nd 2020
Interesting News CANAMAX ENERGY LTD building a battery to support the 2 well pad 05-14-074-01W6 Cardinal Energy Ltd adding compressor to existing Gas battery_02-02-069-03W5. Murphy Oil Canada adding compressor to existing Gas battery_01-12-064-25W5 – appears they will adding pipelines to the area. Westbrick Energy Ltd licensed a new 2 well…
IN CASE YOU MISSED IT …
ALBERTAAB Gov’t • Getting a fair deal for Alberta: Report recommendationsCdn Press • Enbridge offers 800 staff voluntary buyouts to cut costsCdn Press • CPP, equalization on the table as Alberta weighs ‘Fair Deal’ in Canada CANADACBC • TC Energy’s Coastal GasLink ramps up pipeline workCBC • Ovintiv, formerly Encana, laying off workers in Canada…
Husky Sunrise Thermal (SAGD) Project
Located 60 kilometres northeast of Fort McMurray, Alberta, Sunrisehas a rich bitumen deposit with estimated total proved, probableand possible reserves of 3.7 billion barrels (estimated as of December31, 2009). The project will be built in phases, ultimately producingmore than 200,000 barrels of bitumen per day, and will be a40 year…
TC Energy Grand Rapids Pipeline
Grand Rapids Pipeline system consists of two parallel pipelines, approximately 425km (264 miles) in length, and a total of 850km (528 miles) of pipe, from approximately 30km (19 miles) northwest of Fort McMurray to the Edmonton area. The Grand Rapids Pipeline system is expected to be placed in service in stages, with…
Tidewater Pipestone Pipeline Project
Tidewater expanded its gas storage operations at Pipestone (the “Pipestone Gas Storage Facility”) and completed a 24km, 30-inch natural gas pipeline (“Pipestone Pipeline”) connecting the facility to both mainline gas systems, Alliance and TCPL. The Pipestone Pipeline allows for significant future optionality and egress at the Pipestone Gas Storage Facility…
CNOOC Oil Sands – Long Lake & Kinosis
Canada is home to the world’s third-largest hydrocarbon basin – the oil sands – which equates to 97% of Canada’s oil reserves. This long-term resource offers energy potential – about 1.7 trillion barrels of oil can be recovered, of which 165 billion barrels are in the oil sands. Alberta is…
2020 Canadian Producers Capital Budgets Adjusted Due to COVID
Budget in millions Account Name Comments New Budget Original Budget Reduction Suncor Energy Inc. reduce the 2020 capital expenditure range to $3.6 billion to $4.0 billion, representing a further capital reduction of $400 million at mid‑point compared to the previous guidance. Combined with the March 23, 2020 guidance updates, capital…
Enbridge Wood Buffalo Pipeline Extension
The Wood Buffalo Pipeline Extension Project (the Project) is a new 459 km, 762 mm (30-inch) pipeline, transporting diluted bitumen (dilbit) south from the Enbridge Cheecham Terminal to the Enbridge Battle River Terminal. The pipeline was never completed. ROW was prepped and pipe stock piled and that’s where it’s been…
Plateau Pipe Line Ltd. Northeast B.C. Expansion Project
Plateau Pipe Line Ltd., a subsidiary of Pembina Pipeline Corporation (“Pembina”) is currently expanding their pipeline infrastructure in northeast B.C. with an approximately 147 km, 12-inch pipeline to transport condensate and natural gas liquids from the Montney resource play. https://www.bcogc.ca/public-zone/major-projects-centre/northeast-bc-expansion-project