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

Headwater Exploration Inc T.HWX

Alternate Symbol(s):  CDDRF

Energy Oil & Gas E&P
Headwater Exploration Inc. is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The Company has heavy oil production and reserves in the Clearwater/Falher formations in the Marten Hills, Greater Nipisi and Greater Peavine areas of Alberta and natural gas production and reserves in the McCully field near Sussex, New Brunswick. The McCully Field is located approximately 10 kilometers (kms) northeast of Sussex, New Brunswick in the farming community of Penobsquis. It owns and operates a natural gas processing plant, with a processing capacity of approximately 35 mmscfpd, and a 50 km transmission line connected to the Maritimes and Northeast pipeline. The McCully Field is a winter producing asset connected to the northeast United States gas market. The Company drilled its first stratigraphic test and single-leg horizontal well, prospective for heavy oil, in Handel, Saskatchewan.


TSX:HWX - Post by User

Headwater Exploration Inc
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(5928)
•••
Post by retiredcfon Jan 13, 2023 9:57am
251 Views
Post# 35220827

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