EnerLead Alberta Well & Spud License Report Nov 08 to Nov 14 2013

November 20th, 2013 by

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Trends

  • 193 new well license down from 225 last week
  • Average projected depth for all wells 1600M
  • 118 new drill to LD license AB holding steady from last week
  • New license breakdown by substance; Bitumen 79, crude oil 72, gas 38
  • New license breakdown by location; Bonnyville 84, Red Deer 18, GP 10, Drayton Valley 14, Wainwright 21, St. Albert 14, Midnapore 24

Companies to Watch

  • It is all about the big boys this week
  • APACHE new license VIKING 39-11W4
  • CNRL 25 new license BONNYVILLE
  • ConocoPhillips 27 new license BONNYVILLE
  • Coral Hill Energy 5 new license Devonian 66-13W5
  • Encana 22 new gas wells 25-22W4
  • Lone Pine now have 10 open well license Devonian 87-11W5

In the News

  • Raging River drilled a record number of wells in the third quarter
  • Tourmaline said it would increase spending this year by $100 million to $1.05 billion.
  • Gear said it expects to produce an average of 5,000 to 5,200 barrels of oil equivalent per day in 2014
  • Twin Butte’s third quarter 2013 Recorded quarterly production of 16,263 boe per day
  • Paramount Resources Ltd. has increased its 2013 exploration and development budget by $150 million to $800 million
  • ARC Resources Ltd. announced that its Board of Directors has approved a $915 million capital program for 2014
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