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]
This Super Major is guiding towards significant production growth in the BC Montney as it enters development mode
After years of only moderate activity in its BC Montney assets, ConocoPhillips appears poised to enter the next stage of its development. Licensing activity in 2023 shows 94 licences in British Columbia, which marks a new yearly high for the company as it begins to position itself for significant Montney production growth. Of these 94 licences, 68 of them are in the last month alone. Figure 1 - ConocoPhillips BC Montney licences by year A slide from the company's analyst and investor [Read more]
Clearwater activity snapshot – top wells, licensing trends and production profiles
We've used our BOE Intel software to draw a polygon around the core Clearwater fairway (Figure 1) to show some interesting data on activity and production levels in the area. Figure 1 - Clearwater core "defined area" Using the main Clearwater area that we have drawn in, we can get the following report produced by BOE Intel: Figure 2 - Activity report - last 6 months From that report it is easy to spot a few interesting trends in this area over the last 6 months: [Read more]
Mystery buyer of Plato and Forgan Viking assets from Baytex is revealed
A few weeks ago, Baytex announced that it had sold some of its Viking assets, specifically at Plato and Forgan. The article was scant on details, but we did a separate article on the transaction where we went into a little bit more detail on the assets and the main players in the area. At the time, it was unknown exactly who the buyer of the Baytex assets was. Thanks to BOE Intel's well licence transfer tool, we now know who it was. Our licence transfer tool picked up a well licence [Read more]
What’s behind the surge in new Duvernay activity around Kaybob? – BOE Intel
For this analysis, we have used BOE Intel's "define an area" feature to see changes in activity levels in a given area. We've drawn a polygon around the Kaybob area largely defined by where the Duvernay spuds and licences have been over the last few years. The area that we have focused on is shown in the map below in Figure 1. To inquire about a BOE Intel subscription for your company, contact us here. Figure 1 - Kaybob area polygon Using that area we can create a report (Figure [Read more]
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