Canadian Oil & Gas Companies Weekly Update

Weekly Update Sept 9 2019

Interesting News

  • Cenovus Energy Inc. 139 new well license Bonnyville Area
  • Tourmaline Oil Corp 23 new well license in BC
  • Shell Canada add 3 well permits to PAD 15-36-064-23W5 making a total of 6 well permits
  • SURGE ENERGY INC. new well pad with 4 well permits 02-06-045-07W4
  • Black Swan Energy Ltd working with Ensign 437 spud 3 wells in BC NTS: B C-007-G/094-H-04
  • Tourmaline Oil Corp drilling has been down in Q3 compared to last year, but the new well permit chart is setting up for a busy winter program.
  • We like the new well permit charts for Petronas, ConocoPhillips, Entrada Resource check out the comparison report.

First Facility License since May 1 2019 (or greater)

  • NAL Energy Corporation_New Licence_Oil satellite – multiwell _AB_03-33-026-03W5

First Well License since May 1 2019 (or greater)

  • Black Swan Energy Ltd_BC_BC_NIG_NTS: A K-007-G/094-H-04_GAS
  • Canadian Coastal Resources Ltd_AB_GRANDE PRAIRIE_TEEPEE_08-17-073-03W6_CRUDE OIL
  • DARK WARRIOR RESOURCES LTD._AB_WAINWRIGHT_PROVOST_04-28-038-01W4_CRUDE OIL
  • Federated Co-Operatives Limited_SK_Swift Current_UPPER SHAUNAVON MEMBER_03-27-011-18W3_CRUDE OIL

First Wells Drilled Since May 1 2019 (or greater)

  • GHOST RIVER RESOURCES INC._9/5/2019_AB_WAINWRIGHT_PROVOST_01-13-036-03W4_CRUDE OIL
  • Pipestone Energy_9/5/2019_AB_GRANDE PRAIRIE_WEMBLEY_06-24-071-08W6_GAS

Rigs First Time Drilling Since Apr 1 2019

  • IPC ALBERTA LTD._Ensign 357_9/5/2019_AB_BONNYVILLE_LINDBERGH_03-28-056-02W4_CRUDE BITUMEN
  • Pipestone Energy_Precision 524_9/5/2019_AB_GRANDE PRAIRIE_WEMBLEY_06-24-071-08W6_GAS
  • TORC Oil & Gas Ltd_Trinidad 427_8/31/2019_SK_Estevan_TORQUAY FORMATION_01-04-002-11W2_CRUDE OIL

Other News

  • Advantage has drilled four successful Montney wells to date at Progress, 16-36-76-10W6 demonstrating average production test rates over 2,100 boe/d (62% liquids). The 16-36 well was drilled to a measured depth of 5,268 meters with a lateral length of 2,867 meters. Following fracture stimulation using approximately 2 tonnes of sand per meter, the well was flowed-back on clean-up, then subjected to a 72-hour production test at the end of the operation.