Western Canada Oil Gas Permit Report summary April 20, 2021 – 21 Operators and 49 well, spud & facility permits approved last week in Western Canada last week.
Western Canada oil & Gas Permit Summary
- Facility Permits – 6 Operators and 8 oil & gas facility permits
- Well Permits – 12 Operators and 50 oil well permits
- Wells Spud – 21 Operators and 49 spud permits
Top Operators Operators by Oil & Gas Permits
- Facility – Canadian Natural Resources Limited (2), Tamarack Valley Energy Ltd (2), Chevron Canada Resources (1)
- Well permits – Cenovus Energy Inc. (16), Tourmaline Oil Corp (8), Tamarack Valley Energy Ltd (6)
- Wells Spud – Suncor Energy Inc. (15), Cenovus Energy Inc. (4). OVINTIV CANADA ULC (4), Athabasca Oil Sands Corp (3)
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Oil & Gas Facility Permits Western Canada
Facilities are a system of vessels, piping, valves, tanks and other equipment that are used to gather, process, measure, store or dispose of petroleum, natural gas or water. … The upstream facility network includes equipment for the handling of oil, natural gas, natural gas liquids, and water.
The table is a summary of new facility permits and facilities permits appended for upgrade to production or equipment. Western Canada Oil & Gas facility permit can new facility (application purpose = new license) or it can be an existing facility that is being upgraded or the production values updates (application purpose = license amendment).
Oil & Gas Well Permits Western Canada
Well Permits Overview Status of a well identifies its current state of activity. Over the life of a typical well it will have a progression of status changes – licensed > drilling > completed > production/injection/disposal > suspended > abandoned (decommissioned). The lifespan of a well can vary, from a few years to many decades. A well may go directly from a drilling status to abandoned status if it is unsuccessful in finding oil or gas.
Wells Spud Permit Western Canada
Spudding is the process of beginning to drill a well in the oil and gas industry. … After the surface hole is completed, the main drill bit—which performs the task of drilling to the total depth—is inserted and this process can also be referred to as “spudding in.”
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Western Canada Permit Average Summary
When to Use a Count, a Percentage, or an Average to Measure oil & gas permit activity
- For some goals, we’re interested in straight-out counts because it’s the existence of something that is important to improve, rather than its rate of occurrence. We simply want more of the stuff, or less of it.
- For some goals, it’s more useful to know the rate of occurrence to really understand if change is happening. A simple count would mislead us to the wrong conclusion about trends, so we need to normalize the measure.
- Then there are goals that are about the degree of change, rather than the rate of occurrence of change. A percentage would tell us only whether or not a result was achieved, rather that the degree to which that result was achieved.