Our Magazines
Magazine Features
Fracturing horizontal wells is an expensive proposition up front. In the emerging Duvernay shale play, Yoho Resources Inc. reported completion costs of $7 million per well—or a little over 58 per cent of the cost of drilling, casing and completing the well—this summer.
By the time a steam assisted gravity drainage (SAGD) well reaches the blowdown stage, its life is effectively over. But shed no tears, it’s been a good life, and there may be a few more years of production left.
Oilsands industry expansion exists in lockstep with demand for condensate, and even though emerging natural gas plays in western Canada look promising for liquids production, the diluent game promises to remain based on imports as bitumen production grows.
News
News that Nova Scotia’s government will table a bill to ban hydraulic fracturing this fall is drawing reaction in Western Canada’s oil industry.
Every year the Canadian Petroleum Hall of Fame is faced with a daunting task: to select a handful of men and women whose contributions to the country’s oil and gas industry stand out in a sector that is built in large measure on a dynamic mixture of innovation, commitment, courage and vision.
Meeting in Charlottetown this week, Canada’s provincial premiers have taken a feather from former Alberta premier Alison Redford’s cap, continuing last year’s discussions toward coming up with a Canadian Energy Strategy (CES).
Editors’ Blogs
[PHOTO]
[PHOTO]
[PHOTO]
Current Rig Activity
PROVINCE ACTIVE DOWN TOTAL
AB 259 305 564
SK 87 60 147
BC 50 17 67
MB 14 11 25
NT 0 1 1
QC 0 1 1
Canada 410 395 805
Oil & Gas Prices
NYMEX-WTI
USD 92.92 / BBL
NYMEX Natural Gas
USD 3.93 / MMBTU
AECO/NGX Spot Price
CAD 3.98 / GJ
This Month in Oilpatch History
Stay Connected
Find us on Facebook
Find us on Facebook
Find us on Facebook
Multimedia Centre
Photo Gallery