Canadian Oil & Gas Weekly Update May 20 2019

Interesting News

  •  SemCAMS ULC working with Astute Environmental And Regulatory Inc. large compressor upgrade 11-05-069-02W6
  • Blackspur Oil Corp. New Oil Battery DRAYTON VALLEY 05-27-049-01W5
  • CNRL 20 New well permits for a total of 5 well pads in BONNYVILLE area
  • CANAMAX new 4 well pad 01-04-085-07W6
  • DRAYTON VALLEY 18 new well permits for 7 new well pads for 5 producers
  • Kindersley 17 new well pads for a total of 28 wells by 5 Operators
  • CRESTWYND two new well pads ST. ALBERT area
  • Rolling Hills Energy deploys Preditor 27 & Precision 292 rigs
  • SURGE ENERGY INC. deploys Precision 191 & Precision 145 rigs
  • Tourmaline Oil spud 3 wells on pad 01-02-051-20W5
  • Shell spuds 4/6 wells on pad 13-04-065-21W5

First Facility License since Jan 1 2019 (or greater)

  • Enerplus Corporation_Licence Amendment_Oil battery – multiwell _AB_16-29-076-10W6
  • Cortona Energy Ltd._Licence Amendment_Oil battery – multiwell _AB_08-07-013-20W4
  • Perpetual Energy Inc_Licence Amendment_Oil battery – multiwell _AB_14-25-050-09W4
  • PRAIRIE STAR RESOURCES INC._New Licence_Multi-Well Oil Battery_SK_09-06-010-15W2

First Well License since Jan 1 2019 (or greater)

  • Enerplus Corporation_AB_MEDICINE HAT_MEDICINE HAT_02-16-013-05W4
  • Hemisphere Energy Corporation_AB_MEDICINE HAT_ATLEE-BUF_07-19-021-05W4
  • CRESTWYND EXPLORATION LTD._AB_ST. ALBERT_MEANOOK_04-12-063-22W4
  • BLACK HORSE ENERGY CORP._AB_ST. ALBERT_KAYBOB SO_01-36-060-20W5
  • Westbrick Energy Ltd_AB_DRAYTON VALLEY_PEMBINA_16-27-044-11W5
  • Pemoco Ltd_SK_Estevan_TILSTON BEDS_01-30-009-33W1
  • Western Potash Corp_SK_Estevan_PRAIRIE EVAPORITE_12-20-014-17W2

First Wells Drilled Since Jan 1 2019 (or greater)

  • DARK WARRIOR RESOURCES LTD._AB_WAINWRIGHT_PROVOST_13-18-038-01W4
  • BRUDERHEIM ENERGY TERMINAL LTD._AB_ST. ALBERT_REDWATER_08-34-055-20W4
  • IMOLA HOLDINGS INC._AB_WAINWRIGHT_PROVOST_13-13-039-10W4
  • Perpetual Energy Inc_AB_WAINWRIGHT_MANNVILLE_14-25-050-09W4
  • Steelhead Petroleum Ltd._SK_Kindersley_VIKING FORMATION_09-33-033-24W3
  • Steelhead Petroleum Ltd._SK_Kindersley_VIKING FORMATION_09-33-033-24W3
  • Jarrod Oils Ltd_SK_Swift Current_GRAVELBOURG FORMATION_02-23-005-27W3

Rigs First Time Drilling Since Apr 1 2019

  • Shell Canada Limited_Precision 574_AB_ST. ALBERT_TONY CREEK NORTH_13-04-065-21W5
  • Encana Corporation_Precision 570_AB_ST. ALBERT_WASKAHIGAN_11-35-063-22W5
  • Rolling Hills Energy_Preditor 27_AB_WAINWRIGHT_PROVOST_15-33-034-04W4
  • Rolling Hills Energy_Precision 292_AB_WAINWRIGHT_PROVOST_13-35-034-08W4
  • DARK WARRIOR RESOURCES LTD._Savanna 414_AB_WAINWRIGHT_PROVOST_13-18-038-01W4
  • SURGE ENERGY INC._Precision 145_AB_WAINWRIGHT_PROVOST_01-22-039-02W4
  • Kelt Exploration Ltd_Horizon 45_AB_GRANDE PRAIRIE_WEMBLEY_12-03-073-08W6
  • Bonavista Energy Corporation_Savanna 656_AB_RED DEER_FERRIER_02-34-037-08W5
  • West Lake Energy Corp._Precision 148_AB_WAINWRIGHT_SWIMMING_04-30-052-06W4
  • IMOLA HOLDINGS INC._Tempco 8_AB_WAINWRIGHT_PROVOST_13-13-039-10W4
  • Perpetual Energy Inc_Precision 118_AB_WAINWRIGHT_MANNVILLE_14-25-050-09W4
  • Teine Energy Ltd_Ensign 351_SK_Kindersley_VIKING FORMATION_08-26-030-20W3
  • Baytex Energy Corp._Komat 3_SK_Kindersley_VIKING FORMATION_14-02-026-15W3
  • SURGE ENERGY INC._Precision 191_SK_Swift Current_UPPER SHAUNAVON MEMBER_13-34-005-19W3
  • Steelhead Petroleum Ltd._Preditor 8_SK_Kindersley_VIKING FORMATION_09-33-033-24W3
  • Hummingbird Energy Inc_Stampede 8_SK_Estevan_MIDALE BEDS_08-05-007-14W2
  • Fire Sky Energy Inc_Stampede 1_SK_Estevan_FROBISHER-ALIDA BEDS_04-35-002-31W1

Other News

  • Highwood Oil purchase high quality oil assets in the Peace River Oil region of Northern Alberta for a total transaction value of $93.8 million
  • Bellatrix Exploration 2019, all five operated wells were drilled off existing pad sites.  The ability to utilize existing above ground infrastructure, access roads, and gathering systems provides a competitive advantage for the Company as it seeks to maximize long term returns from its development program.  All-in average Spirit River well costs (drill, complete, equip and tie-in) in the first quarter of 2019 have averaged approximately $3.4 million, consistent with the cost performance achieved in 2018.
  • Birchcliff Energy Ltd. has modified its drill bit, drilling mud and downhole motor selection to reduce drill times and has trialled the use of rotary steerable technology for smoother well trajectories and faster drilling times. In addition, Birchcliff will continue to utilize multi-well pad drilling and compressed natural gas to displace diesel from its drilling and completions operations in 2019, which helps to reduce costs and lessen its environmental footprint.
  • Storm Resources Regulatory approval for the sour gas plant at Nig was received in April with site construction expected to start in May. Field activity in the second and third quarters will be focused on the Nig area and is expected to include completion of a four-well pad, drilling and completing an acid gas injection well and starting construction of the sour gas plant. The four-well pad to be completed at Nig includes two wells in the upper Montney, one in the mid and one in the lower.
  • Pipestone Energy expects to commence drilling six wells on its 6-24 pad beginning in early Q3 2019, followed by an additional three wells (of six) on a new pad in the northwest portion of its acreage prior to year end. With respect to completions, the Company expects to begin completing seven wells on its 3-1 pad in late May 2019.
  • Altura Energy plans to implement a waterflood pilot project at Leduc-Woodbend. An existing horizontal well is planned to be converted to a water injector and two of the four wells are expected to be drilled offsetting the injector at 200 meter inter-well spacing compared to the existing 400 meter spacing.
  • Canbriam Energy Inc. and Pacific Oil and Gas Ltd. announce the signing of definitive documents for the acquisition by PO&G of all of the issued and outstanding shares of Canbriam