EnerLead Alberta Well & Spud License Report Dec 06 to Dec 12 2013

December 18th, 2013 by

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Trends

  • 393 new well license push from last week
  • 141 new drill to LD license AB op from 121 last week
  • New license breakdown by substance; Bitumen 226, crude oil 88, gas 28
  • New license breakdown by location; Bonnyville 266, Red Deer 16, GP 29, Drayton Valley 28, Wainwright 14, St. Albert 31, Midnapore 4, Med Hat 14

Companies to Watch

In the News

  • Equal Energy to be acquired by Petroflow in in $245-million deal
  • Syncrude partner replaces CEO, gives 2014 budget, Canadian Oil Sands announces $1.1 billion in spending next year
  • Executives abruptly resign at Sunshine Oilsands, Cash-starved company remains on hold due to lack of capital
  • Oilsands company puts itself up for sale Underperforming Southern Pacific shares halved in Toronto
  • MEG capital program of $1.8 billion and has set a 2014 production target of 60,000
  • Cenovus Energy Inc. expects to invest between C$2.8 billion and C$3.1 billion in 2014, a 13% decrease.
  • Baytex Energy approved a 2014 capital budget of $485 million to generate an average production rate of 60,000 to 62,000 boe/d.
  • Bellatrix expects daily production will be +/- 22,250 boe/d and that its exit rate guidance will be +/- 40,000 boe/d.
  • Renegade urges investors to reject dissident slate
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