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Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

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... see more

TSX:WCP - Post Discussion

View:
Post by retiredcf on Jan 13, 2023 9:51am

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)

     

Comment by biker222 on Jan 13, 2023 11:35am
Does this mean whitecap licenced these new wells?...would these be from the XTO package? Whitecap Resources (34) – 11 hz (Frobisher); 8 hz (Cardium); 8 hz (Viking); 3 hz (Shaunavon); 2 hz (Roseray); 2 hz (Midale) Thinking that we are due to see a real bump in production with new XTO inventory coming into production? Thinking that debt reduction and increased production ...more  
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