Shell canada is the largest operator in the region, with 54 licensed wells. Land sales surge in alberta as producers rush into new. Can see production growing 30% over the next couple of years. Based on early drilling results, trilogy energy has spud. Shell acquires duvernay oil corp, gets montney assets. It creates fewer greenhouse gas emissions than coal and oil, and when used to displace those fuels can result in up to 45 percent fewer emissions than coal and 30 percent fewer emissions than oil. He has contributed to four books and has become an independent contractor engaged on two history projects. Derisking the duvernay formation oil window through. Former duvernay ceo back in junior oil game the globe. The formation was named by andrichuk and wonfor in 1954 for duvernay, alberta. Canadas youngest shale play, the duvernay geological formation, is emerging as extremely competitive on the north american scale of drilling targets. The bulk of the companys proved and probable reserves of 36.
Jan 15, 2018 tourmaline oil, bellatrix petroleum and peyto exploration operate some of the top performers. The duvernay liquid rich shale what makes it different and how do we optimize it. Our company has a long, robust history, which began when a group of explorers and merchants established the pacific coast oil co. Athabasca confident on dover oilsands sale, duvernay joint. Duvernay stock down on share issue plans and capital cost. Hydrocarbon resource potential of the duvernay formation. Situated in albertas western canadian sedimentary basin, the company has amassed a significant land base of extensive, high quality resources. Shell has deal to buy natural gas producer houston chronicle. Based on early drilling results, trilogy energy has spud several wells and produced between 1,2501,350 boed. Oil can be found in the north portion of the duvernay oil shale while natural gas can be found in the south and central parts. Her directorial work includes the historical drama selma, the criminal justice documentary th and disneys a wrinkle in time, which made her the highest grossing black woman director in american box office. Learn about working at duvernay oil corp join linkedin today for free. Stocks that will profit from the duvernay shale seeking.
Athabasca confident on dover oilsands sale, duvernay. The formation was named by andrichuk and wonfor in 1954 for duvernay, alberta according to canadas alberta energy regulator, the duvernay. Duvernay was founded in 2001 and has 1,800 square kilometres of land holdings in the sedimentary basin in western canada. The award may go toward the cost of tuition, books, or school supplies. Oct 18, 2017 factors defining drawdown management in the duvernay gas condensate region. Land sales surge in alberta as producers rush into new shale. The duvernay formation is a significant shalehosted hydrocarbon resource with the medium resource in place estimated at. Athabasca oil corporation is a differentiated canadian energy company focused on sustainable resource development of thermal and light oil assets.
Duvernay ramp up only needs modest natgas, oil price. Late devonian geologic history in stettler area, alberta, canada bulletin of american association of petroleum geologists, v. Stocks that will profit from the duvernay shale seeking alpha. The duvernay formation is a stratigraphical unit of frasnian age in the western canadian sedimentary basin. Another canadian oil and gas company, encana corporation, also has high hopes for the duvernay. With five rigs operating in the area, encana corp was able to. Company profile, information and contact info for duvernay oil corp 1500202 6av sw, calgary, ab from profile canada, canadas most trusted business database for lists and data. Canadas duvernay seen as attractive in early days, despite. Chevrons earliest predecessor, pacific coast oil co.
Calgary, albertamarketwired may 31, 2017 trilogy energy corp. Nov 17, 20 for the duvernay, liquids are especially criticalbecause the play produces mainly highvalue condensate, which right now in canada sells for a 10% premium to crude oil. Athabasca oil corporation is a canadian energy company with a focused strategy on the development of thermal and light oil assets. The duvernay shale, an emerging oil and liquidrich gas formation with a best contingent resource estimate of 1,676 mmboe aer, dec 2016, is the source rock for historical conventional hydrocarbon in the western canada. Our history in fox creek chevron canada chevron corporation. History of standard oil company by ida minerva tarbell. Winner of the emmy, bafta and peabody awards, academy award nominee ava duvernay is a writer, director, producer and film distributor. Athabasca confident on dover oilsands salecalgary athabasca oil corp.
Murphy oil corp mur q4 2018 earnings conference call transcript mur earnings call for the period ending december 31, 2018. Duvernay oil corp ddv t february 1, 2006 every oil and gas should look at this company to see how they do financing. Chevron canadas history in the fox creek area of westcentral alberta stretches back more than 50 years. Nova corporation of alberta 801 seventh avenue southwestcalgary, alberta t2p 3p7canada403 2906000fax. For the duvernay, liquids are especially criticalbecause the play produces mainly highvalue condensate, which right now in canada sells for a 10% premium to crude oil. Tourmaline oil, bellatrix petroleum and peyto exploration operate some of the top performers. Canadas duvernay seen as attractive in early days, despite low. Wt announced today that schlumberger, one of the worlds leading providers of technology for. Ca key executives, insider trading, ownership, revenue and average growth rates. International directory of company histories dictionary. Xom xto energy has been in the area, with nine active wells online.
June 5, 2018 filing services canada calgary, alberta fscwire point loma resources ltd. Land leasing auctions have been heating up as we head into 2012. The estimates for the total inplace resources in the duvernay formation are 22. Decision 2007108 duvernay oil corp and murphy oil company. Ath says its optimistic it will be able to sell its stake in the dover oilsands project to its chinese partner, despite recent setbacks, as well as land jointventure deals for some of its other holdings. Friday, august 22, 2008shell canada announced that 61,661,551 common shares of duvernay oil corp. The duvernay formation is a stratigraphical unit of frasnian age in the western canadian sedimentary basin it was first described in well anglo canadian beaverhill lake no. Former duvernay ceo back in junior oil game the globe and mail. Decision 2007108 duvernay oil corp and murphy oil company ltd. Derisking the duvernay formation oil window through an. Duvernay reports pool oil and gas discoveries in alberta. James navratil, kaybob duvernay manager, chevron canada resources roy stadlwieser, alberta development manager, shell canada john gorman, president, halliburton canada.
It produces 20,000 barrels of oil equivalent per day and is. Royal dutch shell has agreed to acquire duvernay oil corp. Since then, our company s name has changed more than once, but weve always retained our founders spirit, grit, innovation and perseverance. Murphy oil corp mur q4 2018 earnings conference call transcript. Jun, 2012 in many ways the oil industry is a fashion industry, and in 2011 the exciting new model on the investment bankers catwalk was the duvernay shale. She is bestknown for her 1904 book the history of the standard oil company, which was listed as no. Alberta oil and gas land sales have reached levels not seen since 2014 thanks to a rush to buy land in an oilrich pocket of the duvernay. Why this energy stock may have finally turned the corner. This condensate output is the key to the duvernays outstanding well economics. Tourmaline commenced active operations in the fall of 2008 with the objective of building a successful canadian senior crude oil and natural gas exploration, development and production company with a longterm business strategy similar to that of duvernay oil corp. They do financing when they increase their capital budgets when they have a reason to do so. The asset book highlights drilling upside on freeholds royalty lands with.
Duvernay oil corp ddv t november 7, 2005 the company is remarkable for its growth and its ability to keep coming up with new ideas for growing production. The history of the standard oil company, volume 1 the history of the standard oil company, ida minerva tarbell. Duvernay has 1,800 square kilometers 450,000 acres of land holdings in two canadian provinces, particularly in the priz. Pulse is moving forward to grow production and execute an enhanced oil recovery project to unlock significant value for shareholders through control of. The total duvernay endowment of recoverable reserves is estimated at 77 tcf of gas, 6. We offer investors excellent exposure to oil prices and are focused on maximizing profitability through prudent capital activity across a diversified asset base. With five rigs operating in the area, encana corp was able to spud two eightwell pads in the first.
Despite the low commodity price environment, activity in the condensate rich area. The first logo contained the company name against a backdrop of wooden derricks set among the santa susana mountains that loomed over pico canyon. The duvernay formation is a key focus area for chevron canada, where chevron currently operates the kaybob duvernay program, as part of a jv with kufpec canada 70% chevron, 30% kufpec, a 330,000 net acre position. It was first described in well anglo canadian beaverhill lake no. Home canadas duvernay seen as attractive in early days. Freehold royalties asset handbook freehold royalties ltd. May 25, 2017 alberta oil and gas land sales have reached levels not seen since 2014 thanks to a rush to buy land in an oil rich pocket of the duvernay shale play that was until recently written off as being. Canadas youngest shale play, the duvernay geological formation.607 776 391 406 326 166 1060 1420 476 820 1016 304 469 973 284 1380 697 33 6 533 941 1367 638 1380 150 262 612 1382 1023 258 1403 9 1537 449 41 1295 989 995 863 456 822 393 320 1227 94