| $56.92 | 11/4/2019 | 11/04/2018 | 11/04/2017 | 11/04/2016 | 11/04/2015 |
|---|---|---|---|---|---|
| Active Rigs | 57 | 66 | 55 | 37 | 69 |
Wells coming off the confidential list over the weekend, today -- Monday, November 4, 2019: 17 for the month; 112 for the quarter:
- 30087, 1,835, Sinclair, Highland 6-9TFH, Sanish, t9/19; cum 12K in 12 days;
- 35174, 377, Resonance Exploration, Resonance Lodoen 4-6H South, target: Madison; Sergis, t9/18; cum 8K 9/19;
-
35102, 135, Resonance Exploration, Resonance Lodoen 4-6H North, target: Madison; Sergis, t9/18; cum 6K 9/19;
- 34925, 1,647, CLR, Collison 10-23H1, Avoca, t7/19; cum 101K 9/19;
- 33028, 3,020, CLR, Hereford Federal 13-17H, Elm Tree, t9/19; cum 28K over 14 days;
- 29379, drl, Hess, EN-Chamley-156-93-0508H-9, Baskin, no production data,
- 35735, 1,413, RimRock, Two Shields Butte 9-8-7-12H3, Heart Butte, t6/19; cum 73K 9/19;
- 35734, 1,884, RimRock, Two Shields Butte 9-8-7-12H, Heart Butte, t6/19; cum 83K 9/19;
- 35733, 1,636, RimRock, Two Shields Butte 9-8-7-5H3, Heart Butte, t7/19; cum 83K 9/19;
- 35732, 1,853, RimRock, Two Shields Butte 9-8-7-5H, Heart Butte, t7/19; cum 88K 9/19;
- 35624, 804, Liberty Resources, Gliko 159-93-23-35-1MBHX, Gros Ventre, t5/19; cum 91K 9/19;
- 34720, 829, Oasis, Mildred Nelson 5298 12-25E 5T, Elidah, t5/19; cum 129K 9/19;
- 29378, drl, Hess, EN-Chamley-156-93-0508H-8, Baskin, no production data,
Crude-by-rail has saved the day for Alberta producers before, and it’s about to again. The talk of the Western Canadian province the past few days has been the Alberta government’s October 31 announcement that it will allow incremental crude oil production beyond the province’s 3.8-MMb/d cap — if that crude is transported to market by rail. Within hours of the government’s statement, a trio of major producers indicated that they now expect to ramp up their Alberta output by a total of more than 100 Mb/d over the next few months, with a good bit of the gain occurring by year’s end. Production increases from others are likely to follow, as are parallel plans to load that crude into tank cars and rail it to market. But can Alberta producers really thrive without more pipeline capacity? Today, we review recent developments in “Canada’s Energy Province” and what they mean for producers and Alberta crude prices.
