Western Canada Pipeline Construction Summary
Pipeline Construction Western Canada last 7 days (report date Oct 15 2021). We are tracking 26 Canadian Oil & Gas Operators who had 50 pipeline permits approved for for a total of 61KM of oil & gas pipeline projects.
- Pipeline construction permits by top operators & permit count – Crescent Point Energy Corp. (13), SURGE ENERGY INC. (4), Hummingbird Energy Inc (3)
- Pipeline construction permit count by province – Alberta Pipeline Permits (23), Sask Pipeline Permits (27), BC Pipeline Permits (0)
- Pipeline construction permits by area & project distance – Fox Creek (12.91KM), Marlboro (6.7KM), Tilley (6.59KM)
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Western Canada Pipeline Construction Detail
Pipeline permits include gathering or transport pipelines of a liquid, gas or oil through a system of pipes. In addition to these main types of pipelines, there are also four other sub-categories of pipelines: Gathering Lines, Feeder Lines, Transmission Pipelines and Distribution Pipelines. The permits represent all types of pipelines. This section shows pipeline permits that have a new construction component. (Pipeline Construction Western Canada Sept 30 2021 report date )
Petroleum pipelines transport oil, oil products and natural gas. In addition to these two main types of pipelines, there are also four other sub-categories of pipelines: Gathering Lines, Feeder Lines, Transmission Pipelines and Distribution Pipelines. The permits represent all types of pipelines.
Pipeline Permits Approved Last Week
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Pipeline Project Details
ATCO GAS AND PIPELINES LTD. Permit #58534 total 1KM pipeline to pipeline
SPARTAN DELTA CORP. Permit#62659 Satellite to pipeline – 2.14KMARC RESOURCES LTD. Permit#58947 Well to Satellite – 2.15KM
Spartan Delta is a differentiated energy company whose ESG-focused culture is centered on generating sustainable free cash flow through oil and gas exploration and development. Building on its existing high-quality, low-decline operated production in the heart of the Alberta Deep Basin, Spartan intends to continue acquiring undervalued diversified assets that can be restructured, optimized and rebranded, financially or operationally, yielding accretion to shareholder value. With excess infrastructure capacity, the Company is well positioned to continue pursuing immediate production optimization and responsible future growth.
Deep Basin assets provide short-cycle development opportunities with high return potential. The Elmworth gas field is located within the Deep basin near Grande Prairie, Alberta (Fig. 1). The Deep basin covers about 26,000 sq miles and appears to contain an enormous amount of gas in different-quality rocks. Masters1 has estimated the Deep basin could contain more than 400 Tcf of gas, recoverable at various levels of price and technology.
Cardium Play has been one of the largest oil fields in the Western Canada Sedimentary Basin with production history of almost six decades. … The areas with highest liquid content are Lochend and East Pembina, the highest initial production is typically encountered in Lochend, Willesden Green and Ferrier areas.
CRESCENT POINT ENERGY CORP. Permit #55291 – 3KM Total Well to Pipeline
The global economy and benchmark oil prices continued to recover during the second quarter of 2021, positively impacting the Company’s results. Crescent Point’s second quarter was highlighted by the closing of two strategic transactions, its strong financial and operational results, and a significant asset impairment reversal.
On April 1, 2021, the Company closed its Kaybob Duvernay asset acquisition for total consideration of $935.9 million including closing adjustments, consisting of cash of $671.4 million and the issuance of 50.0 million common shares valued at $264.5 million. On June 7, 2021, the Company closed the disposition of its remaining non-core southeast Saskatchewan conventional assets for cash proceeds of $83.4 million after closing adjustments. In conjunction with the disposition, the Company reduced its corporate asset retirement obligation by approximately 25 percent and recorded a gain of $71.5 million on the transaction.
Situated in the heart of the condensate rich fairway and providing significant low risk drilling inventory with attractive economics, we entered the Kaybob Duvernay play in 2021. The assets also enhance our free cash flow generation and benefit from having significant infrastructure in place, reducing the need for future capital requirements.
LONGSHORE RESOURCES LTD. Permit #62645 – Well to pipeline 13.45KM
Longshore Resources is a privately held exploration and production company headquartered in Calgary and focused on capturing high quality, oil weighted resource opportunities in the Peace River Arch and South Central areas of Alberta.
The company’s business plan is to acquire underexploited assets in the target areas that can be developed using horizontal drilling and multi-stage fracturing techniques. In addition, Longshore plans to leverage its growth through the development of high impact, internally generated, drilling prospects.
A member of the ARC Financial portfolio of companies, Longshore has assembled an experienced management and technical team with a track record of success and a plan to leverage its expertise and financial support to develop a top tier oil and gas company.
Longshore currently owns and operates a consolidated land position in NW Alberta in the Valhalla area. Targeting top-quality, highly economic lower Charlie Lake (Braeburn) oil, Longshore has achieved significant growth since inception. This position is further enhanced by ownership in strategic infrastructure and the stacked potential of the Charlie Lake on Longshore’s core lands. Future development of these lands will bring significant growth potential to the pro forma entity.
Charlie Lake located in the Peace River Arch region one of the leading oil plays in North America capital Charlie Lake Formation is a hydrocarbon bearing formation found predominantly in northeastern British Columbia costs $2 to $3.5 million per well, dependent on length
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About Enerlead Pipeline Report Overview
The location of the pipeline permits are the Western Canada Sedimentary Basin (WCSB) located in Western Canada including southwestern Manitoba, southern Saskatchewan, Alberta, northeastern British Columbia.
Pipeline permits are related to petroleum pipelines transport oil, oil products and natural gas. In addition to these two main types of pipelines, there are also four other sub-categories of pipelines: Gathering Lines, Feeder Lines, Transmission Pipelines and Distribution Pipelines. The permits represent all types of pipelines.