Top 10 Oil and Gas Companies Drilling Shallower Wells

The following information shows the top 10 oil and gas companies in Western Canada that are drilling shallower 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 32 wells compared to 25 wells per company for the prior 12 month period. The average depth for these 10 companies is 1863 meters for the last 12 months versus 2547 meter for the prior 12 months.

Here are the companies and their information:

CompanyAvg Well Depth (0-12 Months) In MetersAverager Well Depth (13-24 Months) In MetersDifference% Difference
Corex Resources1782 M1966 M184 M9%
Crestwynd Exploration2029 M2270 M241 M11%
Rolling Hills Energy1995 M2250 M255 M11%
Aspenleaf Energy3844 M4445 M601 M14%
ConocoPhillips3446 M4067 M621 M15%
Pemoco1100 M1390 M290 M21%
Gear Energy1921 M2556 M635 M25%
Serafina Energy655 M1246 M591 M47%
Syncrude93 M177 M84 M48%
Athabasca Oil1761 M5106 M3345 M66%

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.

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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