Lloydminster Heavy Oil


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Drilling Activity

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Back to the future

Low prices generate growing interest in recompleting older unconventional wells

With over 1,100 service rigs active in Canada, along with 326 coiled tubing spreads, the well completion and intervention sector is well supplied.


Sweet spots

Liquids-rich areas pushing Montney activity 

With oil prices cut in half in the last six months and gas prices stuck under the $3 level, budgets are being cut in all unconventional oil and gas plays across western Canada.


Grinding it out

Heavy oil producers look to tough out price collapse

Grinding it outFor the last five years, heavy oil operations have been the darling of many operators’ portfolios, providing the highest returns of any play type in western Canada.

Not anymore.


Bright spot

Despite low prices, Duvernay development continues

DuvernayWith oil prices cut in half in six months and gas prices hovering around the $3/GJ mark in early January, there isn’t much to be happy about in western Canada’s energy sector.


The new gas giants

Homegrown Deep Basin operators moving into the big leagues

The new gas giantsAlmost 40 years after Canadian Hunter drilled its discovery well at Elmworth, marking the modern age of exploration in the Deep Basin of west-central Alberta, the massive stacked gas resource estimated at 400 tcf remains a favoured target of those looking to build homegrown gas giants.


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