5 key insights about Western Canada’s top well licensees

Tourmaline Oil Corp. leads the pack as the most active licensee of new wells in Western Canada during 2020, according to Rig Locator.

Here are five key insight based on data collected and presented by Rig Locator as well as the Daily Oil Bulletin’s well licence dashboard:

article continues below
  • Only five companies have licensed more than 100 wells so far in 2020. Besides Tourmaline, that group includes Crescent Point Energy Corp., Teine Energy Ltd., Canadian Natural Resources Limited and Husky Energy Inc.

  • The Montney is the key target zone for most new wells, with 642 new well licences in 2020 targeting that formation.

  • The Viking is the target for the second-highest number of new wells — at 389 licences year-to-date.

  • Tourmaline leads the race in Montney licensing. Close to 70 per cent of the company’s 2020 licences target that zone.

  • Tourmaline has licensed more than twice the number of Montney wells in 2020 than its nearest competitors — Ovintiv Canada ULC, ARC Resources Ltd. and Petronas Energy Canada Ltd.

 

Click here for a free Excel download of the Top 25 Licensees in 2020.

@ Copyright Pipeline News North

Comments

NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Pipeline News North welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

 

Pipeline News Most Popular