The following information shows the top 10 oil and gas companies in Western Canada that are drilling deeper wells year over year.
A couple of caveats on this information, first, some companies have made acquisitions which changes their asset mix and secondly we only choose companies that are drilling over 5 wells per year.
The average amounts of wells that each company has drilled in the last 12 months are 51 wells compared to 111 wells per company for the prior 12 month period. The average depth for these 10 companies is 3724 meters for the last 12 months versus 2296 meter for the prior 12 months.
Here are the companies and their information:
|Company||Avg Well Depth (0-12 Months) In Meters||Averager Well Depth (13-24 Months) In Meters||Difference||% Difference|
|Storm Resourcess||4183 M||3112 M||1071 M||34%|
|Kelt Exploration||4825 M||3552 M||1272 M||36%|
|Taqa North||4818 M||3595 M||1323 M||38%|
|MEG Energy||1804 M||1201 M||603 M||50%|
|Vermilion Energy||4320 M||2769 M||1551 M||56%|
|CNRL||3427 M||2177 M||1240 M||57%|
|Cenovus Energy||2071 M||1276 M||795 M||62%|
|Crew Energy||5006 M||3040 M||1966 M||65%|
|Suncor Energy||1127 M||473 M||654 M||138%|
|Strathcona Resources||5665 M||1866 M||3799 M||204%|
Here is a heat map to show the areas where these wells are being drilled.
This data is from XI Technologies Asset Book.
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.
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