Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Energy Oil & Gas E&P
Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.


TSX:WCP - Post by User

Whitecap Resources Inc > RBC Notes
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(6131)
•••
Post by retiredcfon Jan 13, 2023 9:51am
328 Views
Post# 35220786

RBC Notes

RBC Notes

January 12, 2023

Canadian E&P Perspectives 
Licensing Trends - December 2022

Summary

• A total of 455 oil & gas wells were licensed across the WCSB in December 2022, down 22% y/y and down 32% m/m. There have been roughly 6,800 oil & gas wells licensed in 2022 based on current well data, up 38% y/y. Please see Exhibit 1 for 2022 licenses by formation.

• Top formations licensed for December 2022 are highlighted in Exhibit 2.

Oil and Gas Licensing Details

Oil and gas licenses from our coverage group in December 2022 include:

  • Whitecap Resources (34) – 11 hz (Frobisher); 8 hz (Cardium); 8 hz (Viking); 3 hz (Shaunavon); 2 hz (Roseray); 2 hz (Midale)

  • ARC Resources (29) – 29 hz (Montney)

  • Baytex Energy (29) – 23 hz (Viking); 6 hz (Waseca)

  • Canadian Natural Resources (16) – 14 hz (Montney); 2 hz (General Petroleum)

  • Tourmaline Oil (14) – 9 hz (Spirit River); 3 hz (Viking); 2 hz (Montney)

  • Cenovus Energy (11) – 6 hz (Sparky); 4 hz (Cardium); 1 hz (Falher)

  • Ovintiv (11) – 11 hz (Montney)

  • Crescent Point Energy (10) – 4 hz (Duvernay); 3 hz (Shaunavon); 1 hz (Midale); 1 hz (Atlas); 1 hz (Bakken)

  • Kiwetinohk Energy (9) – 7 hz (Duvernay); 2 hz (Montney)

  • Tamarack Valley Energy (9) – 6 hz (Clearwater); 3 hz (Charlie Lake)

  • Kelt Exploration (7) – 6 hz (Montney); 1 hz (Charlie Lake)

  • Peyto Exploration & Development (6) – 4 hz (Wilrich); 2 hz (Notikewin)

  • Paramount Resources (4) – 2 hz (Montney); 2 hz (Duvernay)

  • Athabasca Oil (2) – 2 hz (Montney)

  • Birchcliff Energy (1) – 1 hz (Montney)

  • Cardinal Energy (1) – 1 hz (Clearwater)

  • Headwater Exploration (1) – 1 hz (Chinchaga)

    Clearwater Licensing Details

    Clearwater oil and bitumen wells licensed during December 2022 included:

  • Tamarack Valley Energy (14) – 9 hz at Marten Hills (04-074-25W4, 09-074-25W4, 30-075-03W5); 3 hz at Nipisi (27-076-08W5); 1 hz at Bolloque (21-063-26W4); 1 hz at Perryvale (12-064-23W4)

  • Headwater Exploration (11) – 10 hz at Marten Hills (27-075-02W5, 13-075-02W5, 07-076-02W5); 1 hz at Marten Hills (17-074-01W5, Analog (Chinchiga))

  • Canadian Natural Resources (6) – 6 hz at Smith (06-073-24W4; 02-073-25W4)

  • Spur Petroleum (4) – 2 hz at McLeod Lake (12-081-04W5, 28-080-02W5); 1 hz at Mistahae (22-079-01W5); 1 hz at Nipisi (32-076-06W5)

  • Canadian Natural Upgrading (3) – 3 hz at Cadotte (10-084-17W5, 34-084-17W5, Analog (Bluesky))

  • Clear North Energy (3) – 2 hz at Westlock (03-062-26W4); 1 hz at Edwand (32-062-16W4)

  • Rubellite Energy (3) – 3 hz at Dawson (02-079-18W5, Analog (Spirit River))

  • Surge Energy (2) – 2 hz at Evi (12-087-12W5, Analog (Slave Point))

  • Cardinal Energy (1) – 1 hz at Heart River (17-077-16W5)

  • ISH Energy (1) – 1 hz at Bolloque (04-064-24W4)

    Other Oil & Gas Licensing Details

    See below for other notable oil & gas licensing activity for the month of December 2022:

    • Murphy Oil (30) – 30 hz (Montney)
    • Longshore Resources (25) – 24 hz (Sparky); 1 hz (Cummings)
    • Spartan Delta Corp. (19) – 17 hz (Montney); 2 hz (Mannville)
    • Surge Energy (17) – 9 hz (Frobisher); 5 hz (Sparky); 2 hz (Slave Point); 1 hz (Leduc) 
    • Rife Resources (11) – 11 hz (McLaren)
    • Strathcona Resources (10) – 6 hz (Bakken); 4 hz (Montney)
     


<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities