Canadian Oil & Gas Companies Weekly Update June 10 2019

Interesting News

  • Baytex Energy Corp. building a large bitumen battery that includes compressors 15-26-083-18W5
  • Tamarack Plan to drill 94 net ERH Veteran Viking wells, 16 net ERH Consort & Saskatchewan Viking wells and 13 net Cardium ERH wells in 2019
  • Bonavista Deep Basin 2019 plans include drilling 24 to 32 wells
  • Encana 20 new permits for two new pads Tower BC location 07-32-080-17 & 02-32-080-17
  • 23 new rigs active last week
  • Tamarack Valley Energy 6 well pad approved 16-30-034-09W4
  • CNRL 6 well pad in BC 05-22-081-18 SEPTIMUS
  • Caltex Resources Ltd. 6 well pad 10-01-035-20W3
  • Advantage two 4 well pads 07-19-072-07W6 & 14-19-072-07W6
  • Baytex completed the spud of a 4 well pad 01-22-029-21W3
  • Tamarack Valley Energy Ltd completes the spud of 8 well pad 08-13-034-09W4
  • Tourmaline Oil Corp completes the spud of six well pad 03-34-080-15W6
  • ARC Resources Ltd completes the spud of 6 well pad 03-15-080-15W6

First Facility License since Feb 1 2019 (or greater)

  • Chronos Resources Ltd_Licence Amendment_Oil battery – single well _AB_01-25-037-23W4
  • Novus Energy Inc._Licence Amendment_Compressor station _AB_03-15-036-16W4
  • RKSMITH ENERGY CORP._New Licence_Injection/disposal facility – water _AB_04-35-042-26W4
  • Hard Rock Resources Ltd._New Licence_Oil battery – multiwell _AB_14-33-038-27W4

First Well License since Feb 1 2019 (or greater)

  • TransGas Limited_SK_Estevan_DEADWOOD FORMATION_09-22-018-19W2_CRUDE OIL
  • SPECTRUM RESOURCE GROUP INC._SK_Estevan_FROBISHER BEDS_04-09-006-06W2_CRUDE OIL
  • Mcland Resources Ltd._AB_RED DEER_BASHAW_14-04-041-23W4_CRUDE OIL
  • TEMPUS ENERGY LTD._AB_MIDNAPORE_WAYNE-ROS_01-07-029-19W4_CRUDE OIL
  • Longshore Resources_AB_GRANDE PRAIRIE_POUCE COU_05-11-077-10W6_CRUDE OIL
  • TransGlobe Energy Corporation_AB_RED DEER_HARMATTAN_03-05-031-02W5_CRUDE OIL
  • Venturion Natural Resources Limited_AB_WAINWRIGHT_KILLAM NO_10-15-046-12W4_CRUDE OIL
  • Karve Energy Inc._AB_WAINWRIGHT_PROVOST_15-08-035-05W4_BRINE

First Wells Drilled Since Feb 1 2019 (or greater)

  • Hemisphere Energy Corporation_6/3/2019_AB_MEDICINE HAT_ATLEE-BUFFALO_01-19-021-05W4_CRUDE OIL
  • International Petroleum Corp._6/5/2019_AB_MEDICINE HAT_SEDALIA_04-15-030-02W4_CRUDE OIL
  • Summerland Energy Inc_6/5/2019_AB_ST. ALBERT_UNDEFINED_01-31-079-11W5_CRUDE OIL
  • Altura Energy Inc._6/4/2019_AB_ST. ALBERT_LEDUC-WOO_12-14-049-26W4_CRUDE OIL
  • ROCKEAST ENERGY CORP._6/4/2019_AB_WAINWRIGHT_PROVOST_05-31-039-08W4_CRUDE OIL
  • BURGESS CREEK EXPLORATION INC._6/3/2019_SK_Estevan_FROBISHER BEDS_02-03-004-32W1_CRUDE OIL
  • Ridgeback Resources_6/5/2019_SK_Estevan_BAKKEN FORMATION_16-33-010-06W2_CRUDE OIL
  • Rigs First Time Drilling Since Apr 1 2019

Rigs First Time Drilling Since Apr 1 2019

  • ANEGADA OIL CORP._Bonanza 9_AB_GRANDE PRAIRIE_10-32-073-07W6
  • Artis Exploration Ltd._Ensign 434_AB_RED DEER_16-03-032-25W4
  • Inplay Oil Corp_Ironhand 9_AB_RED DEER_06-23-041-06W5
  • Devon Canada Corporation_Precision 116_AB_BONNYVILLE_12-20-063-06W4
  • Summerland Energy Inc_Precision 147_AB_ST. ALBERT_01-31-079-11W5
  • Altura Energy Inc._Precision 186_AB_ST. ALBERT_12-14-049-26W4
  • Canadian Natural Resources Limited_Precision 300_AB_BONNYVILLE_16-30-054-03W4
  • Seven Generations Energy Ltd._Precision 543_AB_GRANDE PRAIRIE_08-03-064-04W6
  • Teine Energy Ltd_Savanna 655_AB_DRAYTON VALLEY_03-28-051-10W5
  • Yangarra Resources Ltd._Stampede 5_AB_RED DEER_12-20-037-07W5
  • Alphabow Energy Ltd._Twilight 1_AB_RED DEER_08-11-043-26W4
  • BURGESS CREEK EXPLORATION INC._Betts 1_SK_Estevan_02-03-004-32W1
  • Ridgeback Resources_Horizon 33_SK_Estevan_16-33-010-06W2
  • Crescent Point Energy Corp._Horizon 34_SK_Estevan_04-18-003-12W2
  • Vermilion Energy Inc_IRON HAND 2_SK_Estevan_16-25-005-34W1
  • Vermilion Energy Inc_Panther 3_SK_Estevan_04-30-001-02W2
  • Crescent Point Energy Corp._Precision 150_SK_Swift Current_14-10-004-20W3
  • Baytex Energy Corp._Precision 192_SK_Kindersley_04-01-033-24W3
  • Teine Energy Ltd_Preditor 9_SK_Kindersley_10-03-026-18W3
  • Pemoco Ltd_Red Hawk 7_SK_Estevan_12-15-009-33W1
  • TORC Oil & Gas Ltd_Stampede 3_SK_Estevan_05-02-002-01W2
  • Crescent Point Energy Corp._Trinidad 421_SK_Estevan_04-16-003-11W2
  • Crescent Point Energy Corp._Trinidad 423_SK_Estevan_14-11-001-13W2

Other News

  • Drakkar Energy Ltd. is looking for a joint venture partner to invest $6 million in a multiwell horizontal drilling program in the Montney formation at Girouxville East.
  • Petrus Resources Petrus has deferred additional drilling to the third quarter of 2019.  Capital spending for the second quarter of 2019 is expected to be spent on the completion of 0.3 net previously drilled non-operated wells, as well to add an additional condensate/light oil stabilizer
  • Tamarack Plan to drill 94 net ERH Veteran Viking wells, 16 net ERH Consort & Saskatchewan Viking wells and 13 net Cardium ERH wells in 2019
  • Peyto Drill ~50Hz Wells (Liquids Rich Natural Gas) vs 70 in 2018
  • Obsidian  from July 2019-March 2020. Opportunity to grow development activity 30% by drilling 25 wells.
  • Bonavista Deep Basin 2019 plans include drilling 24 to 32 wells