Weekly Canadian Oil & Gas Industry Highlights – March 20, 2017

March 20, 2017

Presented by POIM Consulting Group

Major /Interesting Projects

• ConocoPhillips_ Gas battery – multiwall_ KAKWA_13-32-061-05W6 – Desander
• Crescent Point_ Gas Compression Facility Upgrade_ Estevan_05-31-02-12-W2
• Seven Generations Energy Ltd._Major Compression Upgrade_ KAKWA & KARR
• CSV Midstream Solutions to build, own and operate a gas processing facility in the Resthaven area of Alberta.
• ARC Resources Ltd_Large PAD_ PEMBINA_ 09-19-049-07W5
• Black Swan Energy Ltd_6 NEW BC Wells
• Cenovus Energy Inc._Large Injector Pad_ LEISMER_ 03-23-076-06W4
• K+S Potash Canada General Partnership Large drilling Program SK

 

First Facility License Last 12 Months

• EOG Resources Canada Inc._Oil battery – multiwall_ 13-05-067-08W6

 

First Well License Last 12 Months

•  PIPESTONE OIL CORP._ELMWORTH_03-01-071-08W6
• Shackleton Exploration Ltd_BASHAW_15-22-043-21W4
• Questfire Energy Corp._VIKING-KINSELLA_07-23-048-08W4
• TALIO RESOURCES LTD_Lloydminster_03-01-052-20W3 
• ATHENA RESOURCES LTD._Estevan_01-14-006-03W2     
• Rocky River Petroleum Ltd_01-17-026-26W3

 

First Wells Drilled Since May 1

• CHECK ENERGY_KENT_10-07-060-02W4
• Rocky River Petroleum Ltd_01-17-026-26W3

 

Rigs First Time Drilling Since May 1

• Akita 40_Pengrowth Energy Corporation_11-13-058-05W4
• Akita 45_Paramount Resources Ltd._KAKWA 08-07-063-04W6
• Earth 46_FORT HILLS ENERGY CORPORATION_02-36-096-10W4
• Ensign 223_Canadian Natural Resources Limited_LINDBERGH_02-09-057-06W4
• Ensign 414_Cenovus Energy Inc._FISHER_13-14-070-05W4
• Ironhand 2_Mancal Energy Inc_TWINING_05-32-030-23W4
• Preditor 299_Canadian Natural Resources Limited_WOODENHOUSE_05-10-087-23W4

 

Other News

• Blackbird Energy Inc. Closes Upsized and Over Subscribed Marketed Public Offering of $84.8 Million
• Crew Energy Inc. Announces Closing of C$300 Million Senior Notes Offering
• Cardinal will drill a record number of wells this year targeting multiple plays major components of the 2017 capital budget are $16 million for facilities and pipelines, $32.7 million for the drilling of 18 wells as well as to spend $4 million on environmental and reclamation initiatives.

• Canbriam Energy Announces 2017 Capital Budget of $295 million $165 million of which will be focused on drilling and completion Canbriam is constructing a liquids pipeline that will join the NEBC pipeline expansion project near the Alaska Highway.
• Delphi’s planned drilling program in 2017 will more than double as compared to the 2016 program with the addition of a second drilling rig that commenced activity in December 2016. The 2017 development plan contemplates the drilling of 13 gross (8.4 net) Bigstone Montney horizontal wells and the completion, tie-in and well site equipping of 14 gross (9.0 net) wells.
• Surge anticipates implementing a second waterflood pilot in the southernmost development area in mid – 2017.
• Traverse exploration and development program for 2017 of $14 million to be financed by cash flow
• Zargon’s 2017 capital budget has been set at $7.8 million
• Painted Pony Announces Strategic Montney Acquisition and $100 Million Equity Financing

 

 
 

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phinds@poim.ca

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