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:
|Company||Avg Well Depth (0-12 Months) In Meters||Averager Well Depth (13-24 Months) In Meters||Difference||% Difference|
|Corex Resources||1782 M||1966 M||184 M||9%|
|Crestwynd Exploration||2029 M||2270 M||241 M||11%|
|Rolling Hills Energy||1995 M||2250 M||255 M||11%|
|Aspenleaf Energy||3844 M||4445 M||601 M||14%|
|ConocoPhillips||3446 M||4067 M||621 M||15%|
|Pemoco||1100 M||1390 M||290 M||21%|
|Gear Energy||1921 M||2556 M||635 M||25%|
|Serafina Energy||655 M||1246 M||591 M||47%|
|Syncrude||93 M||177 M||84 M||48%|
|Athabasca Oil||1761 M||5106 M||3345 M||66%|
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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