Industry wide over the last few years, Ovintiv has been producing without a doubt the highest natural gas IP rates consistently in the northeast BC Montney. We find ourselves continually highlighting these amazing wells in our Top Well Reports, including this one which appeared to have the highest monthly production rate of any natural gas well in 2023. Month after month, Ovintiv has the majority of the natural gas wells in our Top Well Reports. And it got us to thinking, on a corporate basis [Read more]
Woodside Energy Group reveals joint venture in prolific Liard Basin with Paramount Resources – BOE Intel
Woodside Energy Group, an Australian company, reported its Q4 yesterday, and contained within the report was a notable transaction in Canada. The transaction describes a joint venture in the Liard Basin in Canada with Paramount Resources, where Paramount will assume operatorship of a 50/50 joint venture in all Liard leases. Source: Woodside Energy Group Fourth Quarter Report See Woodside's complete Q4 press release here. BOE Intel subscribers have suspected for a few weeks that [Read more]
TOP WELL REPORT – December sneak peek! – See who drilled the highest producing natural gas well and most prolific condensate well in over a year – BOE Intel
Some preliminary data is in for production out of British Columbia in December, and while we would usually wait for the other provinces to report before putting out our TOP WELL REPORT, we felt it was worth highlighting two wells as they are some of the most prolific we have seen in some time. On the oil/condensate side, ConocoPhillips' Montney well at Inga that made the Top Well Report last month actually produced at an even higher rate in December. We went back through all of the data from [Read more]
Chevron announces Duvernay assets will be put up for sale – see public data production history for these assets – BOE Intel
Chevron announced this morning that it will put its Duvernay assets up for sale as it streamlines its global portfolio of assets. While it won't be possible to know exactly all of the assets that are available, we can do a quick dive into the public data to see a brief overview of the assets. The map below shows Chevron's Crown mineral rights in yellow (all - not necessarily just Duvernay), along with the Duvernay wells licensed to Chevron in black. Source: Petro Ninja Interact with [Read more]
Baytex acquires 17,000 net hectares of mineral rights near existing Peace River Bluesky developments – BOE Intel
Using BOE Intel's public data mineral rights transfer tool, we noticed last week that Baytex acquired 66 net sections (16,896 hectares) of mineral rights near the company's existing Peace River acreage. The mineral rights were transferred from Grizzly Oil Sands ULC on January 11th, 2024. Pictured below is the mineral rights transfer. Figure 1 - Mineral rights transfer from Grizzly to Baytex (pink) - Existing Baytex Crown mineral rights (yellow) Zooming in a bit on the map in Figure [Read more]
NuVista announced the addition of new Montney land at Wapiti – see recent mineral rights transfers on BOE Intel
NuVista Energy press released yesterday afternoon a series of updates, including record quarterly production, record return of capital and production that appeared to be ahead of the company's Q4 and full year 2023 guidance. Read the company's full press release here. What also caught our eye was mention of 15.5 gross sections of land in the Wapiti area that the company added in 2023. From the press release: NuVista is pleased to note that during 2023, we added 15.5 gross sections (98% [Read more]
As temperatures plunge, these are the top 10 public Canadian natural gas producers helping to keep our houses warm this winter – BOE Intel
As the first real blast of winter weather hits large swaths of North America, now is a good time to highlight the top 10 public Canadian natural gas producers (plus some bonus companies) by production volumes. With natural gas as the primary heating fuel for many Canadians, these producers and all of the oilfield services workers should be especially appreciated during times like these. The data presented below in Figure 1 and Figure 2 show natural gas production as of the most recent [Read more]
New Whitecap presentation highlights Viking tuck-in acquisition – BOE Intel
Whitecap Resources highlighted its Viking tuck-in acquisition in its new corporate presentation just recently released. We first spotted Whitecap as the buyer of the Baytex assets using BOE Intel on December 20th. Below we show the new slide in Whitecap's presentation highlighting the acquisition. Source: PowerPoint Presentation (wcap.ca) In its presentation, Whitecap highlights a few interesting tidbits on the acquisition, particularly the addition of 400 net drilling locations, [Read more]
Energy equities – 2023 year in review – Athabasca Oil Corporation was top performer in 2023 – BOE Intel
2023 was a bumpy year for Canadian oil and gas investors. The flagship Canadian Energy ETF (XEG.to) was up ~3.5%, but underlying that solid performance was large divergence in performance between companies. The XEG tends to be weighted heavily towards large cap E&P companies, with ~2/3 of the holdings weighted towards 4 companies (CNQ.to, CVE.to, SU.to and TOU.to). While many larger and more index relevant companies performed quite well, some stocks particularly on the smaller side did not [Read more]
TOP WELL REPORT – November volumes – ConocoPhillips leads the way with 2 big condensate wells as some BC producers outpace Alberta results
The November 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 November 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 production [Read more]
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