The company took a chance and moved aggressively before larger companies had any interest. After decades of exploration, all of the profitable onshore oil and gas in Canada and the U.S. had already been discovered. Disclosure: Neither the author nor his family own shares in any of the companies mentioned above. While you don’t see it said all that often, there is a very real possibility that natural gas prices may never recover to a price that many companies have long been waiting for. As a result, the majors set their sights elsewhere in search of reserves that could move the needle for them. As the major producers bought companies for their gas assets, they dumped the oil properties. The company’s liquids-rich Montney gas play has allowed it to double production in 2016 from 2015 levels, and nearly triple what the company produced on average in 2014. "d": "WCS Heavy" From 1998 through the end of 2015, Peyto wasn’t just the best performing energy stock on the TSX, it was the best performing stock, period. The company is also very well positioned to keep growing through these low commodity prices. That deal gave birth to CNRL’s domestic oil business, which higher oil prices soon lifted. { Language; Watch; Edit; This article needs additional citations for verification. The next act for Saxberg, once oil prices recover, is likely to be secondary recovery through water-flooding, which can increase recoveries by 200 to 300 percent. 2,412 oil and gas companies are based in Calgary, Alberta alone. Nearly two decades ago, Fink had a vision that someday technology would unlock a whole lot more of the oil and gas that is trapped in the ground. The result is incredible economics. "s": "INDEX:CDNC", We Want to Know!! For information on how to subscribe to Alberta Oil Magazine CLICK HERE, Market quotes are powered by Accelerator, Entrepreneurship Program, University Program. Today, Saxberg and Crescent Point have a huge portfolio of light oil drilling locations across the Bakken, Shaunovan, Unita and Viking plays. * Prices as of Previous Day Close. "tabs": [ Drilling horizontally allowed companies to stay in contact with oil and gas formations over longer distances. We provide live feeds designed to help energy professionals, field personnel, business owners, and senior business leaders get the latest energy news and data, energy industry press releases and energy job and event listings. Three wells drilled at Crimson Lake are expected to be completed and begin production by mid-November. { Inside Celtic, Wilson assembled a huge portfolio of resource play prospects well before it was even clear the plays would produce. That complicates the usual Mike Rose exit strategy. Download a map of Alberta’s Top 10 private companies’ operated wells here. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included.

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