Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here.
Drilling activity in the WCSB has been significantly lower these past few years, but that doesn’t mean no one is drilling. Active drillers are being strategic, doing everything in their power to maximize ROI from their drilling programs, and achieving commendable results. Canadian E&P companies are continually at the forefront of developing new, more efficient, cost-effective, and low-impact techniques and technology for resource exploration and exploitation.
One of the ways Canadian E&Ps achieve results is by utilizing innovative drilling research software and data such as XI Technologies’ OffsetAnalyst and TourXchange. Twice a year, XI digs into the most recent results to compile a series of Top Ten lists that showcase the successes of our drilling industry. We believe this is an important reminder that there is a lot of good work being done in the WCSB, and we want to give credit to our Canadian E&P operators.
In our February 26th article, we pooled the data from all of 2018. This time around, we’ve pulled data to show you how the major players have performed in the first half of 2019, and how that compares to the drilling performance that we saw in 2018. If you’d like to compare this with our analysis of the first half of 2018, you can find that in our blog from last October.
Enjoy! If you’d like to find out how you can put this kind of drilling data to work for you, download a case study, or contact us for a quick demo of OffsetAnalyst.
Top 10 operators for new gas production
Which operators achieved the greatest gas production (in mmcf) from wells drilled in the WCSB in the first half of 2019? Tourmaline reclaimed the top spot it had in the first half of 2018, with Encana in second place after finishing 2018 in first.
Top 10 operators for new oil production
Which operators added the highest cumulative total oil production (in mbbl) from wells drilled in the WCSB during the first half of 2019? Crescent Point is once again at the top of the list, as it was for the first half of last year. They’re followed by Cenovus Energy, Whitecap Resources, and Teine Energy.
Top 10 new producing gas wells
Based on the data, Jupiter Resources drilled the two most successful gas wells in the first half of 2019, while Tourmaline Oil Corporation has 7 of the top 10 performing wells in this list.
Wondering where these wells are? Contact us and we’ll show you.
Top 10 new producing oil wells
When it comes to initial production rates for oil wells drilled in the first half of 2019, Cenovus Energy dominate the top ten with 6 out of 10 of the top wells (including the entire top 5). Seven Generations Energy also has multiple entries on the list with the seventh and eighth highest producing new wells.
Wondering where these wells are? Contact us and we’ll show you.
Congratulations to all our WCSB operators and producers. The last few years have been challenging and difficult for all of us, but the Canadian energy industry continues to exhibit a commitment to innovative, responsible production that rivals that of any producing nation. We will prevail!
Check out the XI Blog for more “Top Ten” lists including:
Top operators for productive drilling
Top operators for best initial gas rates
Top operators for best initial oil rates
About XI Technologies Inc.
XI Technologies provides the data driven solutions that Canadian energy companies need for informed decision making, competitive analysis, A&D scoping, asset planning, business development, drilling, operations, regulatory compliance and risk management.
Want to be able to easily pull stats and other market intelligence like the ones shown here? Contact XI Technologies for a demo or trial of OffsetAnalyst.