Permit Summary Western Canada , Sept 30, 2022

Western Canada Permit Summary

The following is a summary of oil & gas pipeline construction permits, well permits and facility permits approves in Western Canada last 7 days (report date Sept 30, 2022). Total Operators approved for permits 126 for 263 total permits.

Western Canada Well Permits; 39 Operators had 167 well permits approved. Top Operator by approved permit count is Cenovus Energy Inc. (46)

Western Canada Pipeline Permits; 70 Operators had 75 pipeline permits approved. Top Operator by approved permit count is Crescent Point Energy (10)

Western Canada Facility Permits; 17 Operators had 21 Facility permits approved. Top Operator by approved permit count is Tamarack Valley Energy Ltd (2)

Download Western Canada Oil & Gas Well, Pipeline Construction and Facility Permits

Western Canada Pipeline Construction Detail

The following section is a summary of new well permits approved last week in Western Canada.

Western Canada Well Permit Average

Summary of the well permit count and moving average.

Western Canada Well Permits New

Oil & Gas Operators Approved for new well permits last week for the first time since Aug 1 2022

Western Canada Pipeline Construction Detail

The following section is a summary of pipeline permits approved in Western Canada last week. We have also provided details of specific projects.

Pipeline Permits Approved Last Week

Pipeline Project Details

CENOVUS ENERGY INC.- Permit #25,850- 4KM

Cenovus is one of the largest natural gas producers in the Elmworth-Wapiti area, located in northwest Alberta and northeast British Columbia. It is a mature area that was historically developed with conventional vertical well technology but Cenovus has shifted to horizontal drilling in its development programs to unlock the vast resource potential.

The primary processing facility in the area is the Cenovus-operated Elmworth plant and we hold significant working interests in four other major natural gas processing facilities in the region.

NUVISTA ENERGY LTD.-Permit #58,961- 4.4KM – Pipeline to pipeline

With our return to drilling in the Wapiti area we are pleased to see performance at Gold Creek continuing to surprise to the upside, and importantly drilling inventory expansion is being underpinned by new results from the Lower Montney. The 7-14 Gold Creek pad which came on production in May was on budget with DCE costs of $2,390 per horizontal meter. The IP30 milestone has been reached on this pad with volumes averaging 1,420 Boe/d⁽⁸⁾ including 40% condensate. Of particular note, this 4-well pad included our first Lower Montney test in the Gold Creek area. IP30 for this well was 1,340 Boe/d⁽⁸⁾ including 48% condensate. This is extremely encouraging as our previous Gold Creek plans were based on single-zone development in the Middle Montney. As of the end of 2021, 94 Contingent Resource locations⁽⁸⁾ had been booked in the Lower Montney at Gold Creek, but no Proved Plus Probable locations had yet been booked in our reserve report.

ENERMERGE OPS LTD. – #63,242- 3.35KM – Battery to pipeline – RED DEER

EnerMerge Inc. is a Limited Partnership investment vehicle with interests in physically integrated and diversified assets:

Natural gas – Just Freehold Energy Corp.

(a wholly owned subsidiary of Horseshoe Power LP)

Power generation – Horseshoe Power LP
Local vegetable greenhouse – Doef’s Greenhouses Ltd.

EnerMerge’s investment focus is on leveraging the value of clean-burning high-energy content natural gas to generate and utilize electricity, heat and CO2. Innovating to utilize Alberta’s natural resources as an environmentally sustainable alternative to wind and solar power.

TOURMALINE OIL CORP.- #55,032- 2.62KM – Satellite to pipeline – VALHALLA

Given improving 2023 natural gas strip pricing(1) at several sales hubs, 2023 cash flow(2)(3) guidance has been increased to $6.58 billion, up 28% from previous guidance of $5.14 billion. • 2023 average production guidance remains at 545,000 boepd (2.5 bcf/day of natural gas and 126,000 bpd of oil, condensate, and NGLs). • Tourmaline expects to export approximately 926 mmcfpd of natural gas at exit 2023 including an initial 140 mmcfpd on the Gulf Coast fully exposed to JKM pricing, commencing January 1, 2023.