Canadian Oil & Gas Companies Weekly Update

Interesting News

  • 7G large compressor upgrade at gas battery located 02-31-063-04W6 working with Aztec Engineering Inc.
  • Artis Exploration Ltd. building a large oil battery 08-05-032-25W4 working with Bluestar Engineering Ltd.
  • Baytex to build 6 new Multi-Well Oil Batteries in the Kindersley area
  • Husky large facility project 07-17-048-20W3 Lloydminster area
  • Tourmaline Oil Corp 30 New permits last week in BC
  • Pipestone going to build a 6 well pad 06-30-071-07W6
  • Tamarack Valley Energy Ltd 4 new well pads total 11 well permits ST. ALBERT
  • Husky new pad with 16 well permits 07-26-053-21W3
  • Storm Resources Ltd. we have new well permit that could indicate busy winter drilling
  • Westbrick Energy new well permits & facility permits have moved to the positive. 
  • ConocoPhillips in BC well permits have moved to the positive. 
  • Whitecap drilled the most wells in Q3 compared to any quarter since 2017

First Facility License since May 1 2019 (or greater)

  • Modern Resources Inc_Licence Amendment_Oil battery – multiwell_AB_13-15-067-08W6
  • NORTH 40 RESOURCES LTD._Licence Amendment_Oil battery – multiwell _AB_13-05-027-17W4
  • Jayhawk Resources Ltd_Licence Amendment_Oil battery – multiwell_AB_04-32-038-06W4
  • Prairie Thunder Resources Ltd._New Licence_Water Injection/Disposal_SK_11-28-039-27W3

First Well License since May 1 2019 (or greater)

  • Exshaw Oil Corp_AB_GRANDE PRAIRIE_VALHALLA_11-06-077-07W6_CRUDE OIL
  • FORT HILLS ENERGY CORPORATION_AB_BONNYVILLE_UNDEFINED_11-20-096-10W4_NONE

First Wells Drilled Since Feb 1 2019 (or greater)

  • none

Rigs First Time Drilling Since Apr 1 2019

  • Baytex Energy Corp._Kodiak 3_AB_WAINWRIGHT_LLOYDMINS_02-04-049-01W4_CRUDE OIL
  • Peyto Exploration and Development Corp._Horizon 4_AB_Drayton Valley_ANSELL_04-20-051-19W5_GAS
  • Husky Energy_Akita 6_SK_Lloydminster_MANNVILLE GROUP_02-32-052-23W3_CRUDE OIL

Other News

  • Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Company”) (TSX: TWM) is pleased to announce that it has entered into a purchase and sale agreement (“PSA”) to acquire Husky Energy Inc.’s (“Husky”) light oil refinery located at Prince George, British Columbia (“B.C.”) (the “Acquisition”) thereby expanding Tidewater’s liquids value chain.
  • Syncrude oil sands project in northern Alberta has cut October synthetic crude sales by 1.4 million barrels because planned maintenance at the plant has been extended, three market sources said on Thursday.
  • Bellatrix Exploration exploring transactions involving the sale of all or a portion of the business and assets or shares of the Company, or refinancing, recapitalization or other restructuring transactions.
  • Cenovus Energy Inc. cut its 2019 capital budget guidance to between $1.1 billion and $1.2 billion, a $150-million reduction from the midpoint of its April forecast.
  • Obsidian Energy on target to deliver its $120 million capital program, with $75 million of the total spending planned for the second half of the year.