XI Technologies: Drilling Top Tens for 2019
March 11, 20205:09 AM XI Technologies
- Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here.E&Ps continuing to drill in Canada remain among the most strategic and innovative in the world, doing everything in their power to maximize ROI from their drilling programs and achieving commendable results. Canadian E&P companies are continually at the forefront of developing more efficient and effective methods for resource exploration and exploitation.Data-driven decision making is one of the ways Canadian E&Ps achieve results. By utilizing innovative drilling research tools such as XI Technologies’ OffsetAnalyst and TourXchange, operators are more informed than ever. Twice a year, XI digs into the most recent results to compile a series of Top Ten lists that showcase the successes of our drilling industry. We believe this is an important reminder of the great work happening here in Western Canada, and that credit is due to those Canadian E&P operators who are leaders of our industry.In our August 27th article, we pooled the data from the first half of 2019. This time around, we’ve pulled data to show you how the major players have performed in all of 2019, and how that compares to the drilling performance that we saw in 2018. Compare these results with our mid-year review, and last year’s summary to see some interesting shifts and emerging new operators on the podium.Enjoy! If you’d like to find out how you can put this kind of drilling data to work for you, download a case study, or contact us for a quick demo of OffsetAnalyst.Top 10 operators for new gas production Which operators achieved the greatest gas production (in mmcf) from wells drilled in the WCSB in 2019? Tourmaline retained the top spot it had in the first half of 2019, with Ovintiv retaining second place for the year.Top 10 operators for new oil production Which operators added the highest cumulative total oil production (in mbbl) from wells drilled in the WCSB in 2019? Cenovus moved to the top of the list (up from third in 2018). They’re followed by Seven Generations, Crescent Point, and Ovintiv.Top 10 new producing gas wells Based on the data, Tourmaline Oil Corporation drilled the most successful gas well in 2019, while Jupiter Resources has 8 of the top 10 performing wells in this list.Wondering where these wells are? Contact us and we’ll show you.Top 10 new producing oil wells When it comes to initial production rates for oil wells drilled in 2019, Cenovus Energy dominate the top ten with 7 out of 10 of the top wells (including the top 4). Seven Generations Energy also has multiple entries on the list with the fifth, sixth, and tenth highest producing new wells.Wondering where these wells are? Contact us and we’ll show you.Congratulations to all our WCSB operators and producers. The last few years have been challenging and difficult for all of us, but the Canadian energy industry continues to exhibit a commitment to innovative, responsible production that rivals that of any producing nation. We will prevail!Check out the XI Blog for more “Top Ten” lists including: Top operators for productive drillingTop operators for best initial gas ratesTop operators for best initial oil ratesAbout XI Technologies Inc. XI Technologies provides the data-driven solutions that Canadian energy companies need for informed decision making, competitive analysis, A&D scoping, asset planning, business development, drilling, operations, regulatory compliance and risk management.Want to be able to easily pull stats and other market intelligence like the ones shown here? Contact XI Technologies for a demo or trial of OffsetAnalyst.