Western Canada New Well PAD Alert – 15 Operators had 19 new well PADS approved for a total of 55 Wells last week.  The map below shows the location of the new well pads.  Message me for a copy of the full report.

Today’s energy market update: More tanker attacks in Strait of Hormuz spark rally in oil prices. Brent and WTI gain over 2%, reversing some of yesterday’s declines. Cdn Light and C5+ rise 3%, while WCS moves up almost 4%. Henry Hub slumps almost 3% due to lack of cooling demand in…

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…

Texas Producers First Well Permits Since Feb 1 2019 or Greater SCOTT OIL AND GAS LLC_9_GROESBECK CREEK, WEST (MISS) Primary Field_Oil Well AQUA TERRA PERMIAN, LLC_8_SPRABERRY (TREND AREA) Primary Field_Injection Well TURTLE CREEK BLVD_8_SPRABERRY (TREND AREA) Primary Field_Oil or Gas Well Hibernia Resources, LLC_7_SPRABERRY (TREND AREA) Primary Field_Oil or Gas…

Today’s energy and equity market action: Brent slides 4%, ending Wednesday back below US$60/bbl. WTI and Canadian Light also give back 4%. WCS falls almost 5%, returning to lows of early January. SPX energy falls 1.4%, wiping out all gains for the week. TSX energy falls 1.3%, approaching lows of early January….

Today’s energy market action: Crude prices rise 3%, helped by weaker USD and rising stock markets. Brent dips 2% for the week, while WTI gains 1% w/w. WCS posts first increase since mid-April, rising 6% w/w. Despite ongoing trade wars, US indices all rise over 4% w/w. TSX unchanged on Friday,…

Today’s energy and equity market action: Brent and WTI slide back to January lows. Canadian benchmarks give back about 4%. Gasoline, heating oil and Henry Hub dip 2%. Cdn/US equity markets power higher …… despite steep losses in energy stocks. US midstream stocks get a lift from falling interest rates….

Texas Accounts First Well Permit Since Dec 1 2018 or Greater  CIVRON PETROLEUM RES., LLC_1_FAIRFIELD Primary Field_Oil Well BARRON PETROLEUM LLC_1_WILDCAT Primary Field_Oil or Gas Well Magnum Producing, LP_2_WILDCAT Primary Field_Oil or Gas Well Rheaco Oil Company, Ltd._3_SPINDLETOP Primary Field_Oil Well Hughes, Dan A. Company, L.p_3_DAMON MOUND, EAST (FLT BLK 1)…

Today’s energy and equity market action: Rising stock markets give oil prices a boost on Tuesday. Brent and WTI post first gain in past five trading days. C5+ moves up 1%, as discount to WTI narrows to US$5.50/bbl. US markets surge higher on hopes of interest rate cut. SPX energy gains…

Texas Accounts First Well License Since Jan 1 2018 or Greater Activa Resources LLC_1_WILDCAT Primary Field_Exploratory Test Well Aurora Resources Corporation_1_WHEELER-MAG (1200) Primary Field_Oil Well BARON ENERGY INC._1_PILGRIM (AUSTIN CHALK) Primary Field_Oil or Gas Well Ricochet Energy, Inc._3_WILDCAT Primary Field_Oil or Gas Well Sandalwood Exploration, L.P._3_BACON (WILCOX 1ST) Primary Field_Oil…