Yangarra Provides Operations Update proved an increased 2017 capital budget of $70 million.

June 23rd, 2017 by

Linkedin Yangarra

Yangarra Provides Operations Update proved an increased 2017 capital budget of $70 million. The revised capital budget projects drilling an additional 12 extended reach horizontal Cardium wells, annual 2017 production of 5,500 – 6,000 boe/d and cash flow from operations of $47.5 to $52.5 million. The Company plans to commence construction at its 2-4 oil


Cenovus selling between $4 billion and $5 billion of assets

June 20th, 2017 by

Cenovus

Cenovus says it’s working towards selling between $4 billion and $5 billion of assets, an increase from previous plans to raise at least $3.6 billion through dispositions by the end of the year. It now aims to sell its entire legacy non-oilsands portfolio including Pelican Lake, Suffield, Weyburn and Palliser which together produce about 112,000


New Well License Western Canada Week of June 9

June 20th, 2017 by

New Well License – Last week we Western Canada had 221 new well license (get full list https://lnkd.in/gDeuiEz) compared to 120 over the same period last year. The Kindersley area is the super star over the last 120 days and we are seeing significant increases from accounts like Whitecap, CNRL and Tourmaline.   


Increase Sales Velocity using Sales Enablement

June 16th, 2017 by

Sales Velocity – (A) the number of sales opportunities you work, (B) the average deal value, (C) your win rate and (D) the length of the sales cycle. One of the goals is to reduce D – length of the sales cycle. We can do this by using Sales enablement which is the use of


New Drilling Rigs Active June 2 to June 8

June 13th, 2017 by

Linkedin Drilling Rig

21 New Drilling Rigs added last week in Western Canada (get full list with Producer & loaction http://bit.ly/2qg0P9R Horizon 50, Trinidad 51, Ironhand 6, Bonanza 5, Precision 239, Citadel 1, Precision 300, Tempco 3, Precision 309, Savanna 653, Horizon 55, Excalibur 11, Precision 542, Trinidad 437, Horizon 51, Ensign 137, Tempco 5, Horizon 18, Precision


Top Drillers in Western Canada Month of May 2017

June 1st, 2017 by

The image below shows the area and top 20 companies drilling wells in Western Canada since May 1 2017.