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For the next entry in our BOE Intel Field Roundup article series, we’re examining one of the most established fields in the Canadian oil patch: Pembina. Despite a track record of production that extends decades into the past, this property continues to prove a productive asset for companies operating in the region. Unlike many other major fields in the Western Canadian Sedimentary Basin, a large number of companies own significant mineral rights holdings at Pembina; the field is operated by a generous handful of public and private companies that includes Cenovus , Ricochet Oil and Bonterra Energy . For the purposes of this article, we are focusing specifically on Cardium drilling at Pembina. Ownership in the field is highly fragmented, and many companies hold land positions that aren’t contiguous. Our data suggests Cenovus, Obsidian Energy , Ricochet, Westbrick Energy , and Bonterra each own 10% or more of the mineral right agreements in the Cardium zone of Pembina, with the remainder being split among more than 10 other companies. Pembina Area Crown Mineral Right Map by Company (Cenovus in purple, Bonterra in brown, Baccalieu in blue, Ricochet in red, Whitecap in yellow, Obsidian in grey, InPlay in black, Saturn […]
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