CDN NEWS | 
US NEWS 
Twice a year, XI Technologies reaches into the public data stored in its applications to highlight the top companies who achieved the most successful production from new wells.
To compare these results against previous years, check out our Production Top 10s blog history.
Top operators for “productive” drilling
More important than the number of wells drilled, is the production achieved with those wells. Canadian Natural Resources (CNRL) ranked first for 2024, followed by Tourmaline, and Whitecap in third spot. Arrows indicate how they compare to their ranking from mid 2024.
Figure 1 – Top Operators for Productive Drilling in 2024
Top operators for new well production
Achieving a high initial production rate can have a significant impact on the overall ROI for a well or drilling program.
In Figure 2, we’ve looked at IP 90 rates for new gas wells and oil wells drilled in the first half of this year.
Congratulations to Ovintiv for topping the list in the Initial Gas Rates category this year, followed by Shell Canada, Harvest, and Murphy Oil.
Figure 2 – Best Initial Gas Rates for 2024
Which operators achieved the best rates from their best oil wells drilled during the same period? Greenfire is significantly higher than the rest of the field for 2024.
Figure 3 – Best Initial Oil Rates in 2024
Note: Many operators shown were NOT listed in the Mid-2024 Top 10 list. Since mid 2024, six new operators have jumped into the Top 10 list for the first half of 2024 for initial gas rates and eight for oil rates, respectively.
Top 10 operators for new gas production
Which operators achieved the greatest gas production (in mmcf) from wells drilled in the WCSB in 2024? Tourmaline remains in top position and are followed by Ovintiv Energy. CNRL moved from fourth spot at the mid point of 2024 up into third place for 2024.
Figure 4 – Top 10 Gas Producers from New 2024 Wells.
Top 10 operators for new oil production
Which operators has the highest cumulative total oil production (in mbbl) from WCSB wells drilled? Cenovus is leading over CNRL for 2024. Those two are followed by Whitecap, and Baytex.
Figure 5 – Top 10 Oil Producers from New 2024 Wells
Congratulations to all our WCSB operators and producers. Your commitment to innovative, responsible production helped energize our sector for 2024. Here’s hoping for an even more successful 2025!
To compare these results against previous years, check out our Production Top 10s blog history.
Share This:
YOUNG PROFESSIONALS IN CALGARY: Pints & Politics with Federal MP Greg McLean – June 25th in Calgary: Talk Energy, Meet People, Make Connections – FREE – DETAILS HERE