Obsidian Energy released its 2023 guidance last night, see here for all the details. Thanks to BOE Intel, we can quickly compare a few of the company’s guidance metrics to the data that we have. For more information on BOE Intel and the launch of our new software, click here. The charts below are all from BOE Intel. Obsidian 2023 production guidance is 32,000 - 33,500 boe/d. This would suggest production growth of ~7% YoY. Obsidian also announced Q4 2022 production was 31,742 boe/d. [Read more]
TOP WELL REPORT – Clearwater formation – Baytex, CNRL and Headwater lead the way in December
The December data is out for the top Clearwater wells. As always, we use calendar day production metrics so these are real volumes produced in the month. The list of the top 15 Clearwater oil wells from the month of December is below. You can also click on the link here to view the wells all on one map, or click on the UWIs individually to see their location and production profiles on Petro Ninja. TOP 15 CLEARWATER OIL WELLS (see on map) Of note this month: Baytex continues to lead [Read more]
HWN Energy acquires assets from Bonavista Energy – 470 wells, 68 facilities, 191 pipelines
Our AER transfers page has picked up another interesting bit of M&A, with HWN Energy acquiring some assets from Bonavista Energy. 470 wells, 68 facilities and 191 pipelines are pending approval from the AER. We have gone ahead and mapped some of the affected locations on the Petro Ninja maps below. The Bonavista lands affected by this transfer are in yellow (not all shown), while some of the current HWN acreage is in green (the company has more land northwest of Fox Creek). It is worth [Read more]
BOE Intel – Did you know Canada already has a “windfall profit tax”?
Windfall profit taxes sure garnered lots of headlines in 2022. Many European countries enacted windfall profit taxes on the oil and gas sector, and many others debated them. In the US, President Biden did refer to them as a possibility at one point, although that hasn’t seemed to gain much traction as of yet. Many people wondered if Canada might enact a windfall profit tax, although perhaps what they didn’t know is that we already have one. Well ok, maybe not a tax exactly. But we do have a [Read more]
TOP WELL REPORT – Charlie Lake formation – Does this light oil play have the lowest break-even price in North America?
We continue to notice impressive Charlie Lake oil wells popping up on our overall TOP WELL REPORTS, and thought it would be a good idea to see which companies had the highest oil rates in the play for the month of November. While we decided to only analyze the oil rates, it should be noted that these wells do sometimes come with a significant amount of natural gas as well, so looking at them on a combined BOE/d analysis may give slightly different results. Interestingly, Tamarack Valley calls [Read more]
Inflation in the oilpatch – A review of operating cost trends and a sneak peek at the upcoming launch of BOE Intel
With the Q4 reporting season coming up, we thought it would be a good time to take a look at the current state of inflation in the oilpatch. We’ve put together lots of data from the last 5 years, and have presented it in our various charts below, which will be part of our BOE Intel offering that is coming soon. We currently have over 30 public companies included in our dataset, from a company as big as Canadian Natural Resources, down to the 5,000 boe/d producers. What’s become apparent in [Read more]
TOP WELL REPORT – November volumes – Ovintiv has a clean sweep of all of the top 15 natural gas wells
The November data is out for the overall best oil and gas wells in Canada. As always, we use calendar day production metrics so these are real volumes produced in the month. For the first time ever, we have a clean sweep on the natural gas side with Ovintiv having all 15 of the top natural gas wells. 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 here to view the wells [Read more]
TOP WELL REPORT – Duvernay formation – Some of the best wells in October that were NOT included in Paramount’s Duvernay disposition to Crescent Point
Following up on the recent Duvernay transaction between Crescent Point and Paramount, we thought it would be worthwhile to take a look at the top Duvernay wells based on production in the public domain for the month of October. To better understand these wells, we’ve broken them down into the Top 15 Duvernay liquids wells (oil + condensate) and the Top 15 Duvernay natural gas wells. You can click on the links below to view them all on one Petro Ninja map, or you can click on the UWIs below [Read more]
TOP WELL REPORT – October – See the well with a 4.3 km long lateral that has produced over 340,000 barrels of oil in less than a year
The October data is out for the best oil and gas wells in Canada. As always, we use calendar day production metrics so these are real volumes produced in the month. The list of the top 15 liquids wells (oil + condensate) and top 15 natural gas wells based on production from the month of October is below. You can also click on the links below to view the top 15 wells all on one map, or click on the UWIs individually to see their location and production profiles on Petro Ninja. TOP 15 OIL [Read more]
TOP WELL REPORT – Baytex headlines the best Clearwater wells in September
Our new TOP WELL REPORT feature has been reporting on the top oil and natural gas wells drilled in Western Canada for the last couple of months, and today we look at the best Clearwater oil wells from the month of September. As always, we use calendar day production metrics so these are real volumes produced in the month. The list of the top 15 Clearwater oil wells based on production from the month of September is below. You can also click here to view the wells all on one map provided by [Read more]