British High Commission Mumbai, Nba China Tweet, Cicada Killer Ct, Monique Fontana, Azealia Banks Songs, "/>
//cnrl montney

Munro said there is an element of caution over whether that sentiment could spill over into investments in natural gas. Copyright © 2020 Canadian Discovery Ltd. All rights reserved. With over 23,000 producers, less than 400 horizontal, unconventional development of the Sparky has barely begun. Our flexible approach to capital allocation allows us to take advantage of opportunities that arise regardless of the business cycle. natural gas prices, Consolidation in the U.S. exploration sector continued to gain steam Monday, with Contango Oil & Gas Co. announcing an all-stock merger with Mid-Con Energy Partners LP one day after a big tie-up in the Canadian oilpatch. “I’ll always be […], Progress doubles down on prolific Montney gas play with $1.5-billion acquisition from Talisman, B.C.’s Montney play remains key resource for Encana as company slashes jobs and dividend. CNRL’s shifting focus to the Montney at Septimus made significant improvement to the company’s production rates in the region.  |  1. Canadian Natural Resources Ltd. cancelled the auction of its land holdings in B.C.’s Montney region Thursday, saying the company will take a pass on offers received. Record Montney Well for CNRL Pacesetter’s Orbit RSS drills 3,303m run with record ROP of 40.8m/hr Pacesetter’s Orbit RSS XEM MWD TECHNOLOGIES MONTNEY RUN DETAILS 2347m to 5650m DRILLED 3303m HOURS 81 hrs ROP 40.8m/hr Relative Brittleness Highlighted Density 2400 4002800 GR 0 200 Vp Zp 300 Vs Zs 100 200 5000 5000 15000 10000 LR MR 0 20 80 100 PR YM 0 0.4 80 2150 2200 2250 2300 2350 100/6-10-79-15W6. 3. Stay in touch with our Daily Email Newsletter. Painted Pony was one of the more promising natural gas players in the prized Montney formation in northeast British Columbia. The Montney play extending throughout Northwest Alberta and into Northeastern BC and has ~1.0 MM net acres of Montney rights – one of the largest amongst our peers. Calgary, AB, Canada “It moves up the other players who may have felt they were crowded out.”. Case Studies Record Montney Well for CNRL Pacesetter’s Orbit RSS drills 3,303m run with record ROP of 40.8m/hr. 01/01/2018 - 10/26/2020). By clicking "Create Account", I hearby grant permission to Postmedia to use my account information to create my account. The lowdown on the Montney: Canada's next big energy bet has same high stakes as oilsands. In April of 2017, NuVista drilled a record well in the Wapiti / Elmworth field with Pacesetter’s Rotary Steerable System. Canadian Natural has a total undeveloped net acreage of ~4.7 million acres, in conjunction with 28 operated major gas facilities and an extensive pipeline network that provides a significant competitive advantage and provides us some of the industry’s lowest operating costs. Thank you for verifiying your email address. Husky Oil's Copton 13-1-60-10W6 Cretaceous Cadotte gas discovery went on production in March 2004 at initial rates of almost 18 mmcf/d. 1.800.427.5747 Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Petronas is also one of the major B.C. {* currentPassword *}, Created {| existing_createdDate |} at {| existing_siteName |}, {| connect_button |} You have 3 free articles remaining. Stay in touch with the latest activities by subscribing to our daily email covering operators, service companies, (acreage, production rates, well info, development plans, resverse, and completions designs), Keyera, Ovintiv Start Up Montney Pipestone Processing Complex, Precision Drilling Expects Rig Activity To Pick Up Through Year-End; 3Q 2020 Results, Canadian Spirit Mulling Strategic Alternatives for Montney Asset, Delphi Finalizes Restructuring, Eliminating $176MM in Debt; New Execs Take Helm, Razor Energy Adds Service Sector Exec to Board of Directors, CNRL Completes Acquisition of Painted Pony Energy, Halo Exploration's Latest Montney Test Well Confirms Asset; Talks Future Development, ConocoPhillips Seals Deal for Kelt's Montney Assets, CNRL Acquires Montney Player Painted Pony in $460MM Deal, ConocoPhillips Bolts-On Montney Property for $390MM Cash, Tourmaline Acquires Montney-Focused Polar Star, Tourmaline Bolts On Montney Acreage for $49 Million, Tourmaline Acquires Chinook Energy in $24MM Deal, Cona Resources Acquires Pengrowth Energy for C$740 Million, Pacific Oil and Gas To Acquire PE-backed Montney Operator, Blackbird Energy, Pipestone Oil to Merge; Create Pure-Play Montney E&P, Velvet Energy to Acquire Montney Player Iron Bridge, NuVista Acquires Montney Property From Cenovus for $625 Million, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. Follow the topics you want and receive the daily emails. Sign up now to stay up to date with our latest news and information, Sparky Ignites Mannville Horizontal Development, Canada Southern's Cased Slave Point Test Offsets Large November/December 2004 Sale Parcels, CNRL's Wabamun Gas Discovery is Only Deep Well in the Township, Husky's High-Rate Cadotte Gas Discovery Defines New Pool, Foothills Stacked Gas Reservoirs the Targets of Purchasers at 2008 Sales. Derrick Penner, Vancouver Sun  You must verify your email address before signing in. We continue to evaluate and plan for future program scale drilling and production on these valuable assets. 2. Your existing password has not been changed. In August 2017, NuVista Energy drilled 2,109m in a single run using Pacesetter’s Rotary Steerable System. In Q4 2004, land brokers paid almost $5.6 million for the deep P&NG rights over about 20,200 hectares at Pickell. Horizontal development began in 2005 and, with the avent of multi-stage fracture technology, the true potential of the montney was relized. Marketable Natural Gas Production in Canada. A western Canada-wide and international asset portfolio enables CNRL to survive through market lows in anticipation of eventually resuming growth. Painted Pony management recommended stockholder acceptance of CNRL’s cash offer of C$0.69/share ($0.52), or C$111 million ($83.3 million) for all 160,995,692 Painted Pony shares, CNRL said Monday. The Company also has major developed and producing asset areas and core exploration growth areas in the Deep Basin, Peace River Arch, Northeastern B.C. | Subscribe to unlock more news, insight, & data. The company put the 404,000 hectares worth of drilling rights that it holds in the gas-liquids-rich Montney up for sale last March, looking for buyers or joint-venture partners. Get access to 100,000+ more news articles & industry data. CNRL puts some of its Montney assets on block Open this photo in gallery: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alta., June 30, 2009 The cornerstone of Canadian Natural's successful strategy is ensuring we are an efficient and effective producer. Canadian Natural Resources. This region includes volatile oil and liquids-rich natural gas areas in Northeast BC and Northwest Alberta. “Painted Pony’s land and production are located within Canadian Natural’s core area, providing opportunity to leverage synergies with a significant amount of pre-built infrastructure and transportation available,” said CNRL. Sign in to get the best natural gas news and data. Montney Formation 2150 2200 2250 2300 2350 . {* signInEmailAddress *} Our Deep Basin assets from Edson to Wapiti have a significant horizontal well exploration drilling inventory of Spirit River liquids rich natural gas drills as well as Dunvegan Formation light oil drills. The Montney Shale gas basin is found primarily in NE British Columbia (B.C). Second partner added to Petronas-led LNG plant in northwestern B.C. Natural gas producers have been under pressure to shore up their financial performance in the low-price environment. I also accept and agree to be bound by Postmedia's Terms and Conditions with respect to my use of the Site and I have read and understand Postmedia's Privacy Statement. With files from The Canadian Press and Bloomberg. It will hold on to the drilling rights that could unearth 6.7 trillion cubic feet of gas, the company’s third-party estimates of contingent reserves. Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. 500, 622 – 5 Avenue SW Montney drilling rights, saying the bids it received were not high enough. Leaving his wife, Lesley, asleep in bed, Rohit went downstairs, opened his laptop and began to write. Unauthorized distribution, transmission or republication strictly prohibited. The information below will be used to optimize the content and make ads across the network more relevant to you. Utillizing Pacesetter’s Orbit RSS and XEM MWD, paired with NOV ReedHycalog’s 159mm TK53-B1 drill bit, CNRL drilled 3,303m in 81 hours resulting in a record ROP of 40.8m/hr. CNRL’s successful 5 mmcf/d Notikewin completion at Marsh extends the play to the southwest. Steve Laut, president of Canadian Natural Resources, at the company’s AGM in Calgary on May 3, 2012. Our solid geological and geophysical understanding of all our various play types throughout the West combined with our extensive seismic over our entire area allows our teams to apply extensive technical integration with our reservoir and production teams to select the best value adding investment opportunities. Your password has been successfully updated. We value your privacy. ISSN © 1532-1266 {* #signInForm *} NGI The Weekly Gas Market Report. ISSN © 2577-9877 Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? 01.09.2014. LNG proponents, with a proposal to build an $11-billion liquefaction plant near Prince Rupert. Check your email for a link to verify your email address. Well, if you have ever eaten hospital food, you probably will. View Subscription Options Deterministic Rock Physics Templates (DRPT) Young’s Modulus vs Poisson’s Ratio Poisson’s Ratio us. When he woke up in tears the morning after he had cried himself to sleep, Rohit Saxena knew what he had to do.  |, Related topics: Record Montney Well for CNRL Pacesetter’s Orbit RSS drills 3,303m run with record ROP of 40.8m/hr Pacesetter’s Orbit RSS XEM MWD TECHNOLOGIES MONTNEY RUN DETAILS 2347m to 5650m DRILLED 3303m HOURS 81 hrs ROP 40.8m/hr Utillizing Pacesetter's Orbit RSS and XEM MWD, … We are using Facebook commenting. The Deep Basin position has ~1.8MM net acres of Spirit River Formation rights which is the dominant producing liquids rich gas Formation. info@canadiandiscovery.com. Contact Information. In its recommendation to stockholders, Painted Pony attributed the takeover to “weak prices for natural gas over the past three years and a recent decline in natural gas liquids.” Painted Pony had been searching for a purchaser. 13-14-53-25W5/3 Spirit River Gas . CNRL, with first-half 2020 daily production of 1.4 Bcf of gas and 930,286 bbl of oil, dwarfs Painted Pony’s 270 MMcf of gas and 4,600 b/d of gas liquids entirely from its Montney properties. All rights reserved. In all of our core asset areas Canadian Natural’s profitability continues to improve through more efficient drilling, completions and tie-in practices. Wait for the instructions to arrive in your inbox The lack of buyers shouldn’t be viewed as a sign of waning interest in the region, particularly for its prospects to fuel potential liquefied natural gas export plants on B.C.’s coast, said Barry Munro, the accounting firm EY’s oil and gas practice leader for Canada.

British High Commission Mumbai, Nba China Tweet, Cicada Killer Ct, Monique Fontana, Azealia Banks Songs,

By | 2020-10-26T16:04:01+00:00 October 26th, 2020|Uncategorized|0 Comments

About the Author:

Leave A Comment