The past 30 days (March 13 – April 12) have seen a strong flow of licensing activity across BC, Alberta, and Saskatchewan from producers of all sizes. In order to provide some insight on overall activity over the last month, we have prepared a summary analysis of the top licensees, fields and formations. As one might expect, licences for crude oil and bitumen outpaced those for natural gas, with 74% of licences targeting crude oil this month. Overall licensing activity was down slightly compared to the prior 30-day period, with February 10, 2023 to March 12, 2023 seeing a total of 568 wells licensed compared to the current period’s 424 wells. See all 424 licences on a map here, or head over to BOE Intel to check out our new activity map colour-coded by company.
Top Licensees | ||
---|---|---|
Licensee | Licence Count | |
Canadian Natural Resources Limited | 37 | |
Cenovus Energy Inc. | 37 | |
Baytex Energy Ltd | 33 | |
Ovintiv Canada ULC | 31 | |
Karve Energy Inc. | 26 | |
Surge Energy Inc. | 21 | |
Teine Energy Ltd. | 19 | |
ARC Resources Ltd. | 18 | |
Bonavista Energy Corporation | 18 | |
Headwater Exploration Inc. | 16 | |
Others | 168 | |
Total | 424 |
Among the most active companies over the last 30 days, here are some of the more noteworthy licences:
Other interesting licensing activity:
Spur Petroleum activity pictured below:
Field:
Top Fields | ||
---|---|---|
Field | Licence Count | |
Provost | 30 | |
Fisher | 25 | |
Estevan | 17 | |
Ferrier | 17 | |
Kindersley | 16 | |
Marten Hills | 16 | |
Monet | 13 | |
Lindbergh | 12 | |
Browning | 12 | |
Kakwa | 11 | |
Undefined | 25 | |
Other | 192 | |
Total** | 386 |
**38 licences were recorded with a blank field entry
Producing Formations:
Top Formations | ||
---|---|---|
Producing Formation | Licence Count | |
Montney | 72 | |
Viking | 72 | |
McMurray | 42 | |
Clearwater | 39 | |
Frobisher | 21 | |
Duvernay | 16 | |
Lloydminster | 15 | |
Glauconitic | 13 | |
Cardium | 13 | |
Waseca | 12 | |
Other | 90 | |
Total** | 401 |
**23 licences were recorded with a blank producing formation entry
If this summary has inspired new questions of your own, BOE Intel could be the product for you. With data on production and financials, well activity maps, asset transfer data and more, we are looking to become the one-stop data solution for companies across the Canadian oil and gas sector. Please contact us for more information or to set up a demo.