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

July 24, 2017

Presented by POIM Consulting Group

Major /Interesting Projects

• CNRL Six New Bitumen battery BONNYVILLE, LINDBERGH area
• Canadian International Oil Operating Corporation New Compressor existing facility GRANDE PRAIRIE – KARR
• Westbrick Energy Ltd Compressor install New Battery WILLESDEN GREEN
• CNRL 25 New Well License most located BONNYVILLE-LINDBERGH
• Devon Canada New Well PAD WAINWRIGHT – WILDMERE
• PURE ENVIRONMENTAL WASTE MANAGEMENT LTD. Waste Management Project BONNYVILLE
• Tamarack Valley Energy Ltd 17 New Well License – WAINWRIGHT – PROVOST

First Facility License Current Year

• Toro Oil & Gas Ltd_New Licence_Oil satellite – multiwell_AB_11-19-036-11W4
• SPECTRUM RESOURCE GROUP INC._New Licence_Multi-Well Oil Battery_SK_08-03-04-33-W1

First Well License Current Year

• PURE ENVIRONMENTAL WASTE MANAGEMENT LTD._AB_BONNYVILLE_10-25-085-10W4
• Bering Exploration Company, ULC_AB_WAINWRIGHT_03-34-034-13W4

• Knowledge Energy Inc_AB_WAINWRIGHT_13-34-036-03W4
• Primavera Resources Corp._BC_BC_DLS: 14-04-084-20
• Saturn Minerals Inc_SK_Kindersley_13-27-030-23W3

First Wells Drilled Since Apr 1 2017

• Repsol Oil & Gas Canada Inc._AB_DRAYTON VALLEY_02-05-057-18W5
• Mancal Energy Inc_AB_ST. ALBERT_16-31-055-20W4
• SABRE ENERGY LTD._AB_DRAYTON VALLEY_05-07-047-17W5
• Nine Ring Energy Development Inc._AB_GRANDE PRAIRIE_16-19-087-10W6
• Longshore Resources_AB_GRANDE PRAIRIE_16-15-077-08W6
• ORLEN UPSTREAM CANADA_AB_RED DEER_02-24-038-09W5
• TRANSGLOBE ENERGY CORPORATION_AB_RED DEER_15-11-031-03W5
• APACHE Canada_AB_GRANDE PRAIRIE_10-02-068-06W6
• Artis Exploration Ltd._AB_RED DEER_03-22-031-25W4
• Teck Resources Limited_BC_BC_NTS: A A-094-J/094-A-13
• Croverro Energy Ltd_SK_Lloydminster_09-18-048-24W3

Rigs First Time Drilling Since Apr 1 2017

• Horizon 21_Teck Resources Limited_BC_BC_NTS: A A-094-J/094-A-13
• Precision 945_Cenovus Energy Inc._AB_BONNYVILLE_09-14-076-06W4
• Trinidad 48_Repsol Oil & Gas Canada Inc._AB_DRAYTON VALLEY_02-05-057-18W5
• Ironhand 7_SABRE ENERGY LTD._AB_DRAYTON VALLEY_05-07-047-17W5
• Trinidad 31_TORC Oil & Gas Ltd_AB_DRAYTON VALLEY_16-01-054-16W5
• Bonanza 8_Blackspur Oil Corp._AB_DRAYTON VALLEY_06-25-049-03W5
• Ensign 650_Crescent Point Energy Corp._SK_Estevan_01-27-001-13W2
• Alliance 6_PEMOCO LTD._SK_Estevan_02-35-009-34W1
• Precision 407_HUSKY Energy_AB_GRANDE PRAIRIE_05-36-065-03W6
• Horizon 30_Advantage Oil & Gas Ltd._AB_GRANDE PRAIRIE_01-02-073-08W6
• Horizon 20_Nine Ring Energy Development Inc._AB_GRANDE PRAIRIE_16-19-087-10W6
• Ensign 143_Tourmaline Oil Corp_AB_GRANDE PRAIRIE_09-28-077-08W6
• Jomax 12_APACHE Canada_AB_GRANDE PRAIRIE_10-02-068-06W6
• Akita 6_Croverro Energy Ltd_SK_Lloydminster_09-18-048-24W3
• Ensign 537_Rife Resources Ltd_SK_Lloydminster_01-26-048-27W3
• Star 201_ORLEN UPSTREAM CANADA_AB_RED DEER_02-24-038-09W5
• Horizon 23_TRANSGLOBE ENERGY CORPORATION_AB_RED DEER_15-11-031-03W5
• Trinidad 418_Artis Exploration Ltd._AB_RED DEER_03-22-031-25W4
• Horizon 2_NAL Energy Corporation_AB_RED DEER_12-13-038-25W4
• Precision 198_Mancal Energy Inc_AB_ST. ALBERT_16-31-055-20W4

Other News

• Saturn Oil + Gas Inc plans to spud their first Viking Formation horizontal wells at their Lucky Hills property located in the Kindersley area of West Central Saskatchewan.
• Husky – Construction of the 10,000 bbls/day Rush Lake 2 development first oil expected in the first half of 2019.  Three additional Lloyd thermal bitumen projects at Dee Valley, Spruce Lake North and Spruce Lake Central are on track to start production in 2020, with a combined design capacity of 30,000 bbls/day.  A 16-well program targeting the Wilrich formation in the Ansell and Kakwa areas is under way. Five wells were completed in the second quarter, with seven Wilrich wells drilled to date in 2017.
• Encana Montney delivered a 25 percent increase in IP180 type curves and increased its premium return well inventory by 1,000 locations. The company expects to double oil and condensate production from the fourth quarter of 2016 to the fourth quarter of 2017 and has drilled 28 condensate-rich cube wells in the Tower North area.  Encana continues to successfully manage inflation as it efficiently develops its core assets at scale. Through sophisticated planning, supply chain management and operating efficiencies, the company expects to hold like-for-like drilling and completion costs essentially flat year-over-year.
• Westcore Energy Ltd. (“Westcore” or the “Company”) (TSX VENTURE:WTR) is pleased to announce that it has completed a non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of $499,950.00.

 

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