Weekly Canadian Oil & Gas Industry Highlights – April 24, 2017

April 24, 2017

Presented by POIM Consulting Group

Major /Interesting Projects

• Catapult Environmental Inc. large water injection facility FOX CREEK 07-07-062-18W5
• Birchcliff Energy Ltd. Large Oil Satellite POUCE COUPE SOUTH 03-15-078-11W6
• Murphy Oil Company Ltd. Large Gas Battery SIMONETTE 01-12-064-25W5
• Storm Resources Ltd 6 well license Beatton River BC
• Teine Energy Ltd 21 Well License SK
• Westbrick Energy Ltd 6 well Pad BRAZEAU RIVER 09-26-044-12W5

 

First Facility License Last 12 Months

• Catapult Environmental Inc._Injection/disposal facility AB_07-07-062-18W5_Fox Creek

 

First Well License Last 12 Months

• Japan Canada Oil Sands Limited – HANGINGSTONE – 01-34-084-11W4

 

First Wells Drilled Since May 1

• None

 
Rigs First Time Drilling Since May 1

• Akita 21-MEG Energy Corp. – HARDY – 02-12-077-06W4

 

Other News

• Surge Energy Inc. Announces $37 Million Core Sparky Area Acquisition; Upward Revision to 2017 Guidance; Increased Dividend  more info
• Parkland Fuel buying Chevron Canada fuel business for nearly $1.5 billion
• Razor Energy Corp. Announces Strategic Light Oil Asset Acquisition in the Kaybob Area of West Central Alberta and $18 Million Equity Financing  fiscal 2017, the capital expenditure budget of $13.0 million, approved by the Board prior to the Acquisition, remains unchanged. Razor continues to invest in a combination of reactivations, re-entries, optimization activities and waterflood management.
• Hemisphere remainder of 2017 and into 2018 Hemisphere plans to expand development of Atlee Buffalo and Jenner assets.  Initiated the third enhanced oil recovery waterflood pilot project in the Atlee Buffalo Upper Mannville F Pool.
• Vital Energy Inc. Phase 1 seven (7) well drilling program more info
• Cenovus plans to accelerate drilling on acquired ConocoPhillips gas properties more info

 

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About POIM

It is difficult to sell to the Oil & Gas industry in the current economic environment if you want to increase revenue you need to increase market share. What is your sales Data Innovation strategy to grow market share? Do you know what accounts you need to target and are you making contact with the decision makers? Is your sales plan working?

POIM Consulting we help Oil & Gas Services companies increase market share through effective use Customer Relationship Management & Business Intelligence.

Contact POIM

Pat Hinds
1-403-472-5795
phinds@poim.ca

Website: poim.ca

POIM Consulting Group
450-29th Ave NW
Calgary, Alberta
T2M 2M3, Canada

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