Canadian Oil & Gas Weekly Update March 25 2019

Interesting News

  • Deltastream Energy New Bitumen battery 05-25-075-26W4
  • Tervita Corporation approved large Injection/disposal facility – water 01-29-061-04W6
  • Sukunka Natural Resources Inc. License Amendment Pump Station NTS A- 019-E/093-P-12
  • 37 New Well License Approved in BC Last Week
  • Steelhead Petroleum Ltd. approved 3 well pad 04-05-034-24W3 total of 7 wells
  • Cona Resources Ltd. approved 4 well pad 14-01-036-28W3
  • Chevron approved 7 well pad 01-02-063-21W5
  • NAL Approved 3 well pad 01-17-037-03W5
  • Tourmaline Oil Corp spud 10 well pad BC DLS: F 05-09-080-15
  • XTO Energy Canada spud 4 wells pad 14-29-060-19W5

First Facility License since Nov 1 2018 (or greater)

  • Cequence Energy Ltd._Licence Amendment_Gas battery – multiwell _AB_07-29-061-26W5
  • Sukunka Natural Resources Inc._Licence Amendment_Pump Station_BC_NTS A- 019-E/093-P-12
  • Halo Exploration Ltd._Licence Amendment_Oil battery _AB_03-22-065-22W5
  • Tervita Corporation_New Licence_Injection/disposal facility – water _AB_01-29-061-04W6

First Well License since Nov 1 2018 (or greater)

  • Steelhead Petroleum Ltd._SK_Kindersley_VIKING FORMATION_09-33-033-24W3
  • Insignia Energy Ltd._AB_GRANDE PRAIRIE_VALHALLA_13-25-075-11W6
  • Catapult Environmental Inc._AB_DRAYTON VALLEY_BERLAND R_16-20-059-23W5
  • Summerland Energy Inc_AB_ST. ALBERT_UNDEFINED_01-31-079-11W5

First Wells Drilled Since Nov 1 2018 (or greater)

  •  Dejour Energy Inc._3/15/2019_BC_BC_Woodrush_NTS: B -089-E/094-H-01
  • PURE ENVIRONMENTAL WASTE MANAGEMENT LTD._3/15/2019_AB_BONNYVILLE_FORT KENT_09-14-063-04W4
  • WHITE SWAN ENVIRONMENTAL LTD._3/18/2019_AB_ST. ALBERT_ATMORE_11-23-067-18W4
  • Yoho Resources Inc._3/16/2019_BC_BC_Inga_DLS: 01-02-087-24

Rigs First Time Drilling Since Apr 1 2018

  • None

Other News

  • Altura’s announced with a capital budget of $15 million.
  • InPlay Oil capital budget of $36 million for the year drilling approximately 9 net ERH wells with the majority being Cardium wells in Willesden Green.
  • Pipestone Energy plans to spend between $145 – $165 million on the 2019 capital program. The Company recently finished drilling its fourth and final well for Q1 and expects to drill 9 additional wells in H2 2019. Pipestone Energy is planning to complete 7 wells in 2019 and will have a balance of 12 wells drilled but uncompleted (“DUC”) at year end 2019.