Largest Increase in Number of Wells Drilled in Western Canada – Year over Year

Largest Increase in Number of Wells Drilled in Western Canada - Year over Year

Drilling activity over the last 12 months vs the prior 12 months is down significantly. In this blog post we are going to look at the top 10 companies that have increased their drilling by the number of wells. In our next post we will look at who has increased their drill by the percentage increase.

According to data from XI Technologies AssetBook, over the last 12 months there have been 3,273 wells drilled versus the prior 12 months where 5,671 wells were drilled. This is a difference of 2,398 wells.

There were also 360 companies that have drilled at least 1 well over the last 2 years. In the last 12 months, 181 companies drilled at least 1 well and on average, each company would have drilled 12 wells. In the prior 12 months there were 247 companies that drilled at least 1 wells and on average each of these companies would have drilled 23 wells each.

Below you will see the top 10 companies that have increased their drilling year over year:

CompanyLast 12 MonthsPrior 12 MonthsDifference
SYNCRUDE CANADA LTD1459154
PETRONAS ENERGY CANADA LTD521934
CREW ENERGY INC25619
STRATHCONA RESOURCES LTD382018
PACIFIC CANBRIAM ENERGY LIMITED20218
BLACK SWAN ENERGY LTD291811
NORTH AMERICAN HELIUM INC1129
GRIZZLY RESOURCES LTD1349
HEADWATER EXPLORATION INC19118
PEYTO EXPLORATION & DEVELOPMENT CORP51438

I do want to mention that Crestwynd Exploration also drilled an additional 8 wells year over year, but they drilled 15 wells last year and 7 the year prior, but they didn’t have the top 10 list as the first factor was based on the number of wells they drilled over the last 12 months and Peyto drilled 36 more wells.

Below shows the percent difference between for these companies over the last 12 months and the prior 12 months:

CompanyDifferencePercent Difference
SYNCRUDE CANADA LTD5459%
PETRONAS ENERGY CANADA LTD34182%
CREW ENERGY INC19308%
STRATHCONA RESOURCES LTD1890%
PACIFIC CANBRIAM ENERGY LIMITED18875%
BLACK SWAN ENERGY LTD1161%
NORTH AMERICAN HELIUM INC9450%
GRIZZLY RESOURCES LTD9217%
HEADWATER EXPLORATION INC873%
PEYTO EXPLORATION & DEVELOPMENT CORP819%

If you would like to get the full list of all the compmanies that have drilled wells over the last 2 years and the quantieis, fill out the form below and we will send you a copy. There may be a 24 hour delay to get this to you.

Innovative Well Abandonment is a hydrojet cut and cap company with offices in Neilburg SK, Lloydminster AB, Lac La Biche, AB, Edmonton, Calgary, Drayton Valley, AB, and Fort St. John, BC.

To get more information and to see how Innovative Well Abandonment can help with any cut and cap projects, please fill out the form below.

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