Weekly Canadian Oil & Gas Industry Highlights – March 27, 2017

March 27, 2017

Presented by POIM Consulting Group

Major /Interesting Projects

• Baytex Energy Corp._ 15-19-081-15W5_Large Bitumen battery includes compressors, pumps & tanks
• Seven Generations Energy Ltd._ 12-14-063-05W6_Adding compression to new facility
• Whitecap Resources Inc._ 04-29-038-07W5_New Oil satellite – multiwall
• SUNSHINE OILSANDS LTD. MOU in relation to the West Ells Phase II (“Phase II”) project expansion is expected to be approximately USD$50m
• Black Swan Energy Ltd 6 new well license BC
• Penn West Exploration multiple PADS  

 

First Facility License Last 12 Months

• Chronos Resources Ltd_Multi-Well Oil Battery_SK_09-20-15-17-W3

 

First Well License Last 12 Months

• CapitalEnergy Corporation_Estevan_12-34-002-15W2    
• PROSPER PETROLEUM LTD._Lloydminster_02-06-044-25W3        

 

First Wells Drilled Since May 1

• N-Solv Corp_DOVER_15-18-93-12            
• Persta Resources Inc_12-29-45-19_VOYAGER    

 

Rigs First Time Drilling Since May 1

• Akita 90_Shell Canada Limited_SHELL HZ GUNDY A-N078-A/094-B-16     
• Precision 539_ARCRES HZ PARKLAND A01-31-080-16       
• SDS 601_N-Solv Corp_15-18-093-12W4

 

Other News

• Pengrowth Reaches Agreement to Sell North Central Alberta Properties for $180 Million
• SUNSHINE OILSANDS LTD. Memorandum of Understanding (“MOU”) in relation to the West Ells Phase II (“Phase II”) project expansion is expected to be approximately USD$50m as it will share most of the surface facilities with Phase I. Upon completion of Phase II, the total production capacity of West Ells will be 10,000 barrels per day.
• Saturn Oil + Gas Inc. purchased 640 acres of Viking oil land in the greater Kindersley area from a local private operator.
• Journey approximately 25% of Journey’s 2017 growth capital is directed toward waterflood expansion projects. annual production of between 10,100 and 10,500 boe/d in 2017, with the drilling of 14 gross (13 net) wells. 
• RMP budgeted to drill three more (3.0 net) Montney horizontal wells at Waskahigan is budgeting to incur $49 million in exploration and development capital expenditures Patterson Creek Gas Plant, which will undergo expansion later this year.
• InPlay anticipate drilling a total of 12.0 net wells in our two core Cardium areas of Pembina and Willesden Green.
• Prairie Provident capital budget is maintained at $25 million to $35 million Drill four Ellerslie wells.
• Tamarack is pleased to confirm that it has drilled 35 (32.1 net) horizontal Viking light oil wells, 8 (7.3 net) extended reach horizontal Cardium light oil wells, 3 (3.0 net) heavy oil wells in Hatton and one net Notikewin liquids-rich natural gas well.
• Granite Oil Capital expenditures for 2017 are expected to total $16.5 million
• Chinook Energy $40 million capital program for 2017 which included the expansion of our facility at Birley/Umbach to 50 mmcf/d and the drilling of 10.
• Altura commence water injection in the second quarter of 2017.
• March 22 Land Sales for Alberta and BC Earn $24.7 Million 

 

 
 

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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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