Copyright of the Daily Oil Bulletin 2018
Crescent Point Is Q1’s Top Operator
Crescent Point Energy Corp. was the top operator during the first three months of 2018, excluding experimental/test wells — drilling the most metres across the basin and also rig releasing the most wells.
Crescent Point drilled 707,964 metres during the first quarter and rig released 240 wells.
Based on total metres rig released, Crescent Point was followed by Encana Corporation, which drilled 337,957 metres.
Third place was taken by Canadian Natural Resources Limited (275,228 metres), followed by Whitecap Resources Inc. (268,736 metres) and Tourmaline Oil Corp. (245,824 metres).
The top 10 was rounded out by: Raging River Exploration Inc. (229,208 metres), Teine Energy Ltd. (193,552 metres), Cenovus Energy Inc. (181,772 metres), Seven Generations Energy Ltd. (162,325 metres) and Paramount Resources Ltd. (132,571 metres).
The top explorers in Canada in the first quarter of the year, ranked by metres drilled, were Paramount (71,585 metres), Dienerian Resources Inc. (21,355 metres), along with Royal Dutch Shell plc (17,364 metres) and Raging River (17,712 metres).
Including both exploratory and development metres, Crescent Point was the top operator in Saskatchewan with a total of 671,523 metres drilled. Canadian Natural led in Alberta with a total of 219,671 metres, Encana was the top finisher in B.C. (261,388 metres) and Tundra Oil & Gas Partnership led in Manitoba (97,755 metres).
Ranking the operators by metres drilled, including test/experimental metres, the top operators were: Crescent Point (707,964 metres), Encana (337,957 metres), Canadian Natural (313,813 metres), Whitecap (268,736 metres), Tourmaline (245,824 metres), Cenovus (239,949 metres), Raging River (229,208 metres), Teine (193,552 metres), Seven Generation (170,907 metres) and Paramount (132,571 metres).
Top operator based on rig releases
Based on rig releases, excluding experimental/test wells, the top operators following Crescent Point were: Canadian Natural (153 wells drilled), Raging River (113), Whitecap (107), Teine (104), Cenovus (74), Encana (66), Husky Energy Inc. (65), Tourmaline (59) and Tamarack Valley Energy Ltd. (54).
Alberta’s top operator in the first three months of 2018 was Canadian Natural, which drilled 135 wells. Second-place finisher Cenovus rig released 74 wells, followed by Tamarack Valley with 54. Tourmaline drilled 49 wells, while Devon Canada Corporation rig released 37 wells.
Heading the list in Saskatchewan were Crescent Point (228), Raging River (106), Teine (101), Whitecap (79) and Husky (46).
In British Columbia, Encana led the pack with 53 wells rig released, followed by ARC Resources Ltd. with 17. Painted Pony Energy Ltd. drilled 14 wells, Tourmaline rig released 10 wells and Canbriam Energy Inc. drilled seven wells.
Tundra topped the list in Manitoba with 49 wells rig released in the first quarter of 2018, followed by Corex Resources Ltd. (14) and Crescent Point (seven).
Based on the rig release count, and including test/experimental wells, the top operators in the first quarter of 2018 were: Crescent Point (240), Canadian Natural (218), Cenovus (193), Syncrude Canada Ltd. (128), Raging River (113), Whitecap (107), Teine (104), Devon Canada (86), MEG Energy Corp. (79), and Husky and Encana with 66.