It’s a new age for NGL reporting in Alberta. Petro Ninja and BOE Intel were at the forefront of integrating this new data into our systems, and were some of the first to do so. As data nerds, we are excited that the blind spot in liquids reporting in Alberta has finally been fixed, and that we no longer need to guess about liquids rich plays like the Montney and the Duvernay. Let's use this new data to take a look at NuVista's Montney production. NuVista is a condensate rich producer with [Read more]
Lifting the veil on Alberta NGL production – see the new public data liquids breakdown for Whitecap Montney production – BOE Intel
It's a new age for NGL reporting in Alberta. Petro Ninja and BOE Intel are at the forefront of integrating this new data into our systems, and are some of the first to do so. The blind spot in liquids reporting in Alberta has finally been fixed, and the veil has been lifted on liquids rich plays like the Montney and the Duvernay. For this article, let's look at what we can learn from the public data on Whitecap's Montney production. The production chart below in Figure 1 is the gross [Read more]
For the first time ever BOE Intel and Petro Ninja to offer NGL data in Alberta
The emergence of the Montney, Duvernay, and other liquids rich plays over the last number of years shone a bright light on a significant gap in the public data reporting for Alberta producers. This blind spot was a direct result of the Directive 17 imposed practice of reporting field condensate volumes for a gas well as gas equivalent volumes, where the field condensate was being recombined into the gathered gas stream. While the hydrocarbon liquid data for such wells existed, access to this [Read more]
While Chevron explores potential Duvernay sale, PetroChina licences Duvernay wells for the first time in a year and a half – BOE Intel
Chevron's Duvernay assets are in focus as the company is believed to be exploring a potential sale. A recent article in the BOE Report suggested a few mid-sized Canadian companies that were likely to be following the sales process closely. While Chevron's process will likely take some time, another non-Canadian company appears to be using this time to see what it has in its own Duvernay assets. PetroChina Canada recently licensed 4 Duvernay wells at Kaybob South, west of Fox Creek. Whether [Read more]
Alberta Crown land sale totals $29 MM – see the most sought after land from this sale – BOE Intel
The Alberta Government brought in a little over $29 MM on its February 7, 2024 Crown land sale. This will be the only Alberta Crown land sale in February. Click here to see all of the land results from this sale on BOE Intel. The largest bonus was for a 1,792 hectares (7 section) parcel along the Alberta/BC border that went for $6.61 MM ($3,690/ha or $945k/section). It was purchased under broker (Whispering Hills Resources). These mineral rights include the Montney and would be located [Read more]
Showcasing the true power of BOE Intel and why other E&Ps don’t want you to have it – subscribers suspected Headwater’s Saskatchewan Mannville intentions months ago
For the second time in a month, Headwater Exploration revealed new land in its corporate presentation (see the first time here). This land is in Sasktachewan, a new area for the company, and is nearby Strathcona's Druid field. The company indicates in its presentation that it will test 3 wells in Q1, with 2 of those wells being licensed on February 7th, 2024. For much of the last year, Headwater has been talking about exploring new play potential, and industry watchers have been keen to [Read more]
These are the 6 public Canadian E&Ps who have grown liquids weighting the most – BOE Intel
Many companies talk about growing their liquids weighting over time, but it's a very challenging thing to actually do. Often it is the type of thing that can really only be accomplished by acquisition, although sometimes companies are able to do it organically through new discoveries or a dedicated liquids focus. Still other companies haven't made this a focus at all, preferring to acquire significant resource to grow the depth of economic inventory rather than pursuing one commodity or the [Read more]
TOP WELL REPORT – December volumes – ConocoPhillips and Ovintiv close out 2023 with massive wells, while ARC Resources has 7 big condensate wells
The December data is out for the highest producing oil and gas wells in Canada**. As always, we use calendar day production metrics so these are real volumes produced in the month, and averaged over a 30 day period. The list of the top 15 liquids wells (oil + condensate) and top 15 natural gas wells based on production from the month of December is below. You can also click on the link below to view the wells all on one map, or click on the UWIs individually to see their location and [Read more]
Mannville / Clearwater exploration land sells for highest bonus in Jan 24 Alberta Crown land sale despite being in untested area – Operator uses land broker to conceal ownership for now – BOE Intel
The most expensive parcel of land from the January 24, 2024 Alberta Crown land sale was not for Montney or Duvernay development, but was actually for Mannville / Clearwater potential. This 8 section block pictured below went for almost $4.2 MM, and was the second most richly priced on a price per section basis in the Jan 24 land sale at $523k/section. The zone listed is officially "oil sands in the Mannville group". What's interesting about this piece of land is that there are no spuds over [Read more]
New Headwater presentation reveals additional Clearwater acreage – BOE Intel
A new presentation from Headwater Exploration revealed additional land in the Heart River area, under what Headwater refers to as the Falher/Clearwater fairway. Below are the two versions of the company's land map (Figure 1 and 2), both from January 2024 Headwater corporate presentations. The newest version shows the additional acreage in the lower left area of the company's map. Figure 1 - Slide from Headwater corporate presentation - January 2024 Figure 2 - Slide from Headwater [Read more]
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