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

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

In last weeks blog post, we looked at the top 10 companies that drilled the most wells year over year by the number of wells. You can see that post here.

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 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 or -40%.

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.

There is a handful of companies that actually increase their drilling activity. In total, there were only 39 of the total 360 companies that increased their drilling in the last 12 months versus the prior 12 months.

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

CompanyLast 12 MonthsPrior 12 Months% Difference
PACIFIC CANBRIAM ENERGY LIMITED202875%
SABRE ENERGY LTD51621%
SPARTAN DELTA CORP71600%
NORTH AMERICAN HELIUM INC112450%
MANCAL ENERGY INC202450%
CREW ENERGY INC2918308%
YOHO RESOURCES INC41300%
DEEP EARTH ENERGY PRODUCTION CORP41300%
KNOWLEDGE ENERGY INC*21275%
GRIZZLY RESOURCES LTD134217%
*Knowledge Energy 2 wells over the last 12 months and 0.5 wells in the prior 12 months

Here are some stats on the 39 companies that increased their drilling year over year:

  • The average percent increase in wells drilled for the 39 companies is 173% more wells
  • These companies drilled 648 wells in the last 12 months compared to 412 wells in the prior 12 months
  • Each company drilled 18 wells over the last 12 months versus 11 wells in the prior 12 months

We hope you find this information valuable and if you have any comments please let us know.

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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