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Rubellite Energy Corp T.RBY.WT


Primary Symbol: T.RBY Alternate Symbol(s):  RUBLF

Energy Oil & Gas E&P Energy Industrials
Rubellite Energy Corp. is a Canada-based company. The Company’s wholly owned subsidiaries include Rubellite Energy Inc. (Rubellite), and Perpetual Energy Inc. (Perpetual). Rubellite is an energy company engaged in the exploration, development and production of heavy crude oil from the Clearwater and Mannville stack Formations in Eastern Alberta, utilizing multilateral drilling technology. Rubellite has a prolific, oil-focused asset base and is pursuing a robust growth plan. Rubellite operations include Ukalta, Figure Lake, Frog Lake, and Marten Hills. The Ukalta is located approximately 55 miles northeast of Edmonton. It has a 100% working interest at Figure Lake. Perpetual is an oil and natural gas exploration, production and marketing company. Perpetual owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta and undeveloped bitumen leases in Northern Alberta.


TSX:RBY - Post by User

Rubellite Energy Corp
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•••
Post by retiredcfon Jan 13, 2023 9:56am
221 Views
Post# 35220822

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)
     


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