Interesting News
- Leucrotta Exploration large Processing Battery in BC with significant compressor install
- Encana permits 8 well pad BRIAR RIDGE BC
- CNRL 4 new well pads BONNYVILLE area
- Paramount Resources Ltd. permits new 4 well pad 12-18-065-05W6
- ST. ALBERT/Fox Creek 19 new well permits – 5 new well pads
- Whitecap Resources getting started on a very active capital program for the remainder of the year where we anticipate drilling 174 (151.3 net) wells as part of our $300 million second half capital program.
- Tourmaline Oil adds 3 new rigs DRAYTON VALLEY area
First Facility License since Apr 1 2019 (or greater)
- GMT EXPLORATION ZAMA INC._New Licence_Oil battery – single well _AB_11-29-116-04W6
- Crew Energy Inc._New Licence_Water Hub_BC_DLS 15-14-082-20
- Leucrotta Exploration Inc_New Licence_Processing Battery_BC_DLS 08-33-081-14
First Well License since Apr 1 2019 (or greater)
- Crew Energy Inc._AB_WAINWRIGHT_SWIMMING_13-01-052-07W4_CRUDE OIL
- MJOLNIR RESOURCES CORP._AB_ST. ALBERT_WIZARD LAKE_15-29-048-27W4_CRUDE OIL
- Polar Star Canadian Oil and Gas Inc_BC_BC_Conroy_NTS: B -039-F/094-H-12_GAS
First Wells Drilled Since Apr 1 2019 (or greater)
- Boulder Energy Ltd_AB_DRAYTON VALLEY_BRAZEAU RIVER_09-33-046-14W5_CRUDE OIL
- CERTUS OIL AND GAS INC._AB_MIDNAPORE_KEHO_08-33-011-23W4_CRUDE OIL
- Entrada Resource Inc_AB_RED DEER_WILLESDEN_06-17-042-06W5_CRUDE OIL
- Obsidian Energy_AB_RED DEER_WILLESDEN GREEN_07-24-043-08W5_CRUDE OIL
- POINT LOMA ENERGY LTD._AB_ST. ALBERT_WIZARD LA_01-17-048-27W4_CRUDE OIL
Rigs First Time Drilling Since Apr 1 2019
- Entrada Resource Inc_Ironhand 7_AB_RED DEER_WILLESDEN_06-17-042-06W5_CRUDE OIL
- Obsidian Energy_Nabors 26_AB_RED DEER_WILLESDEN GREEN_07-24-043-08W5_CRUDE OIL
- Corp_Ensign 39_AB_DRAYTON VALLEY_WILD RIVER_15-08-057-25W5_GAS
- Tourmaline Oil Corp_Trinidad 38_AB_DRAYTON VALLEY_BRAZEAU RIVER_13-36-044-15W5_GAS
- Tourmaline Oil Corp_Nabors 58_AB_DRAYTON VALLEY_SUNDANCE_12-36-054-23W5_GAS
Other News
- Advantage Oil During the second half of 2019, Advantage will bring 11 standing liquids-rich wells onstream at east Glacier and Valhalla. Construction of our Wembley liquids handing facility will begin in September and is targeted for completion in second quarter of 2020.
- Crew Energy Q3 will focus on the completion of one Montney well, water handling initiatives, as well as building out leases and infrastructure to prepare for the next phase of drilling and completions.
- Bonavista Energy is preserving drilling inventory via a moderate and thoughtful development program given the volatile and unpredictable short-term pricing of gas.
- Whitecap Resources getting started on a very active capital program for the remainder of the year where we anticipate drilling 174 (151.3 net) wells as part of our $300 million second half capital program.
- Canadian Natural Resources Pine River plant on May 3, 2019. A 45 day planned plant turnaround designed to improve plant efficiency, run time, lower operating costs, and improve plant capability to 120 MMcf/d from current levels of 95 MMcf/d, is targeted to commence in late Q3/19.
- Baytex Energy Duverney Well costs have significantly improved with our two successful wells drilled and completed for an average cost of approximately $7.0 million per well. This represents an approximate 20% reduction from the average cost of our previous wells.
- Athabasca Oil H2 2019 activity includes drilling a four well Montney pad at Placid, drilling 13 Duvernay wells, a steam debottleneck project and NCG co-injection expansion at Leismer.
- Tourmaline Oil continues to build the DUC inventory in the Alberta Deep Basin. The Company anticipates fracing and bringing on production from 30-40 wells in the September-November timeframe Alberta Deep Basin now in a ‘maintenance capital’ mode, the Company plans to maximize production during the Q4 and Q1 winter periods
- TORC Oil has spent $89.0 million, representing 49% of the Company’s $180 million capital program.
- Painted Pony reduced the 2019 expected capital spending range from $95 to $110 million to $80 to $95 million, a reduction of approximately $15 million or 15%
- Encana Capital investment in the second half of 2019 is expected to be $500–$600 million per quarter
- MEG Energy work already underway on the Phase 2B Brownfield expansion.
- Vermilion Energy plan to drill 73 (62.7 net) wells in Saskatchewan and six (4.2 net) wells in Alberta, in addition to completing several plant turnarounds in Alberta in Q3 2019.
