Oil Field News

Daily Drilling Licenses Issued

September 17 Click here for a complete list of licenses issue





Drilling Activity Report

DRILLING RIG ACTIVITY
September 19, 2014
Active Down Total % Active
Western Canada
AB 280 284 564 50%
SK 93 54 147 63%
BC 51 16 67 76%
MB 14 11 25 56%
WC Total 438 365 803 55%

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WTI Crude Oil

Former Saskatchewan oil minister to lead Canada oil lobby

Tim McMillan, a one-time Saskatchewan energy minister now serving as its minister of rural health, will replace former Royal Dutch Shell Plc executive Dave Collyer as president of the Canadian Association of Petroleum Producers, the country's most powerful oil lobby said on Thursday.
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Saskatchewan’s Torquay play slowly proving up its potential

Another slice of the Williston Basin is being touted as the next big thing. A look at the producers with significant holdings in the play





It’s never enough. Whenever government-run geological surveys release estimates on the potential of the oil-bearing rocks underneath the plains of North Dakota and southern Saskatchewan, operators cry foul.
The potential of the Williston Basin, which contains the prolific Bakken formation, has been re-assessed multiple times by the U.S. Geological Survey over the years. Each time, oil and gas explorers have called the revised estimates of technically recoverable oil in place “conservative.”
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