Interesting News
- CNRL Gas processing plant large compressor upgrade 11-14-097-11W6
- Murphy working with Lanmark Engineering Inc. new compressor build 05-23-065-21W5
- Encana new compressor station BC TOWER LAKE DLS 02-12-081-18
- CNRL Major compressor project 11-14-97-11 W6 Hamburg
- 54 new well license in BC
- 22 new well pads permitted last week.
- Artis Exploration Ltd. approved 6 well pad 16-32-031-24W4 – last time they drilled a 4 well pad they worked with Bluestar Engineering Ltd. build a multi-battery. I predict they will build a batter for this site.
- CANAMAX approved for a 4 well pad 06-33-083-23W5 this brings a total of 3 PADS approved and not drilled. They will most likely need a new oil battery that will contain a small compressor.
- Peyto has recently signed a definitive agreement to purchase certain mineral rights in the Sundance area that encompass a depleted, high permeability reservoir suitable for a proprietary natural gas storage scheme. They got approval for a two well pad in the area that might require new infrastructure.
- Granite Oil Corp. drills first oil well since May 2018 and Cardinal Energy Ltd. $5 million increase to budget mostly oil. Is this a sign of improvement? I recommend you focus lower cost Operators who focus on oil as I think we could see improvement in the sector over the summer.
First Facility License since Nov 1 2018 (or greater)
- ALTAGAS LTD._New Licence_Oil Sales Meter_NTS A- 070-A/094-B-16
First Well License since Nov 1 2018 (or greater)
- BRUDERHEIM ENERGY TERMINAL LTD._ST. ALBERT_REDWATER_08-34-055-20W4
- IMOLA HOLDINGS INC._WAINWRIGHT_PROVOST_13-13-039-10W4
First Wells Drilled Since Nov 1 2018 (or greater)
- Granite Oil Corp._AB_MEDICINE HAT_FERGUSON_12-08-003-17W4
Rigs First Time Drilling Since Apr 1 2019
- Imperial Oil_Akita 21_AB_BONNYVILLE_07-34-064-03W4
- Birchcliff Energy Ltd._Beaver 6_AB_GRANDE PRAIRIE_14-06-079-12W6
- TORXEN RESOURCES LTD._Bonanza 8_AB_MIDNAPORE_16-04-022-16W4
- Sinopec Daylight Energy Ltd_Ensign 449_AB_GRANDE PRAIRIE_13-06-069-08W6
- Jupiter Resources Inc_Horizon 38_AB_GRANDE PRAIRIE_06-07-060-01W6
- Velvet Energy Ltd_Horizon 50_AB_GRANDE PRAIRIE_06-35-068-03W6
- TAQA North Ltd._Nabors 5_AB_Grande Prairie_
- NuVista Energy Ltd._Nabors 79_AB_GRANDE PRAIRIE_01-19-070-08W6
- Granite Oil Corp._Precision 204_AB_MEDICINE HAT_12-08-003-17W4
- Encana Corporation_Precision 535_AB_GRANDE PRAIRIE_04-31-071-08W6
- Rifle Shot Oil Corp_Tempco 3_AB_ST. ALBERT_15-21-054-18W4
- XTO Energy Canada_Trinidad 56_AB_ST. ALBERT_11-35-060-20W5
- Vesta Energy Ltd_Twilight 3_AB_RED DEER_15-25-039-28W4
- Encana Corporation_Ensign 45_BC_BC_DLS: O 02-12-081-18
- Encana Corporation_Horizon 41_BC_BC_DLS: I 03-31-080-17
- Tourmaline Oil Corp_Precision 546_BC_BC_NTS: B -048-A/094-B-16
- Saguaro Resources Ltd_Trinidad 444_BC_BC_NTS: C E-054-H/094-G-08
- Mosaic Canada ULC_Ensign 616_SK_Swift Current_05-26-017-23W2
Other News
- Cardinal Energy Ltd. $5 million increase in capital expenditures for drilling and power generation initiatives
- Jupiter has scaled back its 2019 capital program in response to the continued weak outlook for AECO natural gas prices. “We are concerned that the issues that have plagued Western Canada for the last two summers and which led to distressed Alberta gas prices will persist, so we have chosen to defer growth initiatives until these issues are addressed,” said Simon Bregazzi, Jupiter’s CEO.
- A recent liability program proposed by the Alberta Energy Regulator would require companies to spend 4% of deemed inactive liability per year to satisfy the new requirements.
