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Copper Tip Energy Services
Hazloc Heaters
WEC - Western Engineered Containment
Copper Tip Energy

Weekly Canadian Oil & Gas Industry Highlights – July 4, 2017

July 3, 2017

Presented by POIM Consulting Group

Major /Interesting Projects

  • Tourmaline Oil Corp New Large Gas battery – multiwall DRAYTON VALLEY PEPPERS 13-01-052-23W5
  • Gear Energy Ltd Two New Bitumen battery – multiwall BONNYVILLE LINDBERGH
  • Devon Canada New Bitumen satellite BONNYVILLE LEISMER 15-30-075-06W4
  • Birchcliff Energy Ltd. New Oil Satellite GRANDE PRAIRIE POUCE COUPE SOUTH 03-06-079-11W6
  • Aspenleaf Energy Limited Install Two New Compressors 04-26-067-08W5
  • Cenovus Energy Inc. 24 New Well License BONNYVILLE LEISMER
  • Crew Energy Inc. 15 new well license BC
  • Polar Star Canadian Oil and Gas Inc 6 new well license BC

First Facility License Current Year

  • RMP Energy Ltd_Licence Amendment_Oil battery – multiwell_AB_02-23-068-03W6
  • Aspenleaf Energy Limited_Licence Amendment_Oil battery – multiwell_AB_04-26-067-08W5
  • Anegada Energy Corp._Licence Amendment_Oil battery – multiwell_AB_13-19-032-02W4

First Well License Current Year

  • Gryphon Petroleum Corp_AB_14-35-001-20W4
  • Tervita Corporation_AB_10-13-069-06W6
  • Polar Star Canadian Oil and Gas Inc_BC_NTS: C -004-L/094-H-05
  • Axial Exploration LTD._SK_04-28-003-31W1
  • Gambit Oil Corp._SK_13-06-011-06W2
  • Croverro Energy Ltd_SK_09-18-048-24W3

First Wells Drilled Since Apr 1 2017

  • High Ground Energy_AB_05-22-035-05W4
  • Rolling Hills Energy_AB_15-31-034-03W4
  • Vermilion Energy Inc_AB_06-01-050-13W5
  • Shackleton Exploration Ltd_AB_08-09-044-20W4
  • ConocoPhillips Canada Resources Corp_AB_07-24-071-10W6
  • Ish Energy Ltd_SK_08-04-033-25W3
  • PEMOCO LTD._SK_11-30-009-33W1

Rigs First Time Drilling Since Apr 1 2017

  • Precision 541_Seven Energy (Canada) Inc_AB_16-21-063-02W6
  • Akita 1_K+S Potash Canada General Partnership_SK_01-19-019-24W2
  • Ensign 112_BlackPearl Resources Inc._SK_05-04-056-27W3
  • Preditor 356_TEINE ENERGY LTD._SK_15-32-029-23W3
  • Preditor 439_Raging River Exploration Inc_SK_15-33-024-15W3
  • Red Hawk 3_PEMOCO LTD._SK_11-30-009-33W1

Other News

  • Bellatrix Announces Closing of $34.5 Million Non-core Asset Sale
  • Penn West Changes Name to Obsidian Energy Ltd.
  • Baytex Provides Operational Update – maintaining our capital budget guidance at $325 to $350 million. During the second quarter, exploration and development capital expenditures are estimated at $78 million, bringing the aggregate spending in the first half of 2017 to about $174 million.  We will continue to employ a flexible approach to prudently manage our capital program.
  • Blackbird Energy Inc. during the remainder of calendar 2017 Blackbird plans to finish drilling the 102/6-26 well, complete the 102/6-26 well using the Stage System, and drill/complete approximately two additional operated wells (the 2-28-70-7W6 and 1-20-70-7W6, both on existing pads). Blackbird will also participate in the completion operations of the 3-17 non-operated well on Blackbird’s south-eastern lands.  The operations outlined above are expected to cost approximately $30.0 – $35.0 million
  • Canbriam Energy Announces C$100 Million Private Equity Investment
  • BlackPearl, commented, “We are pleased to put the final piece of the financing arrangements in place for our 6,000 barrel per day Phase 2 at Onion Lake. We are about 80% complete on the fabrication of the modules for the plant facilities and we have commenced drilling of the wells. We plan to start steam injection by mid-year 2018 with peak production of 6,000 barrels per day by mid-year 2019. Phase 1 was built for $225 million and projected Phase 2 costs are $185 million. Phase 1 continues to perform at or above name-plate capacity and because it operates with low royalties, operating costs and sustaining capital, our Onion thermal project is in the top decile of North American oil opportunities.

POIM July 4

POIM July 4



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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


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

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