EnerLead Alberta Well & Spud License Report Oct 18 to Oct 24 2013

October 30th, 2013 by

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Trends

– Huge increase in new well license 370, up from 112

– 174 new drill to LD license, up from 129 last week

– 258 crude bitumen license drive by Teck Frontier project

– Crude 69 & Gas 42 new license holding steady from last week

– 29 new well license for Drayton Valley, up from 13 last week

– Bonnyville is the real deal, 258 new well license this week

Companies to Watch

– Teck Resources Frontier project

– Coral Hill Energy Ltd continues to accumulate license for Swan Hills area

– Encana drilling for gas in MONTNEY play

– Palliser Oil & Gas preparing for drilling program in SWIMMING area

– TriOil Resources active in the KAYBOB SOUTH area

– Yangarra Resources stays active in the WILLESDEN GREEN area

In the News

– Whitecap Resources Inc. Announces Cardium Light Oil Acquisition, $65 Million Financing and Provides Increased 2013 Guidance

– Raging River ups guidance on Viking purchase Sources confirm $105-million acquisition is for Enerplus assets

– ARC has begun construction of a new gas plant and liquids handling facility at its Parkland

– Encana Beats on Q3 Earnings, Cuts Capex

– Enerplus raises production targets on strong Q3

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