• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Shell Canada – A&D review and Montney drilling update

April 18, 20232:40 PM Dan Rutherford

Given the increasing focus on LNG projects in Canada, we thought it would be worthwhile to provide an activity update on Shell Canada using public data tools BOE Intel and Petro Ninja. The parent company Royal Dutch Shell is the largest stakeholder in the LNG Canada project (40%).

Shell Canada’s main Montney asset is at Groundbirch in northeast BC, adjacent to Ovintiv’s Sunrise development. The company also has Montney acreage south of Grande Prairie at Elmworth. Drilling activity levels for Shell have remained light in the last number of years, while the company builds out facilities at LNG Canada, although some uptick in activity was observed in 2022.

Below we can see some of the company’s crown mineral rights in yellow, and any wells spud since the beginning of 2018 in black.

Groundbirch + Elmworth

Groundbirch

 

Elmworth

 

Since the beginning of 2018, Shell Canada has drilled 53 wells, with 50 of them targeting the Montney. To see this list of 50 wells including location on a map and production rates, click here. Below we can see a breakdown of the company’s Montney activity over that time period:

Province Well spuds
BC 42
AB 8

 

Spud Date Wells
2018 13
2019 2
2021 11
2022 24

 

 

Spud Date AB Montney Wells
2018 1
2019 1
2022 6

 

Spud Date BC Montney Wells
2018 12
2019 1
2021 11
2022 18

Note that Shell Canada has not spud any wells in Canada this year, although we can see 4 Montney licences since the beginning of 2023; 3 at Elmworth and 1 at Groundbirch.

Asset dispositions

Using BOE Intel, we can get a picture for what assets Shell Canada has been acquiring or disposing of over the last couple of years. In the last 2 years, there was obviously the big Duvernay disposition to Crescent Point, but we can see some mineral rights transfers as well. Interestingly, Shell Canada does not show up as a ‘buyer’ over that time period for any assets, but we can see some small mineral rights transfers with them listed as a ‘seller’. Most of these mineral rights transfers have been around the Elmworth/Wapiti area. Many wonder if and/or when Shell will emerge as an acquiror again for additional natural gas feedstock for LNG Canada, but it appears those people will have to wait for now.

Lastly, we can see the GIF below using BOE Intel, where we’ve turned on all AER licence transfers (red) and mineral rights transfers (yellow) where Shell was a ‘seller’ over the last two years. We’ve also turned on well spuds for Shell for that same period (in blue).

If you are interested in a demo, reach out here to see how BOE Intel can help you and your business.

 

LNG Ovintiv Royal Dutch Shell Shell StackDX Intel Veren

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Discount on Western Canada Select widens
  • European Commission proposes Russian oil price cap 15% below global price
  • US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
  • Taiwan’s CPC Corp eyes US shale gas assets, sources say
  • Saudi Arabia complying fully with voluntary OPEC+ target, energy ministry says

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.