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The Montney was the most popular producing formation in a month of licensing that greatly exceeded what we observed in our last two Licence Activity Reviews ( March-April and April-May ). Between May 12 and June 14, 663 licences were obtained. This represents a 12.1% increase from the previous month and a 56.4% over the month before that. These licences were spread across 84 unique licensees, who accounted for an average of just under 8 licences each. Using data from BOE Intel and Petro Ninja , we’ve identified a number of trends across the various producers and producing formations. Top Licensees Among the most active licensees, we’ve identified a number of interesting trends: Whitecap posted 48 licences, marking its second consecutive month of licensing activity growth (46 in April-May and 14 in March-April). The company’s licences were spread fairly evenly across its major assets, with 11 located in Smoky River (all targeting the Montney) and the remainder split between its Kindersley assets in West Central Saskatchewan and various areas in Southeast Saskatchewan with a heavy focus on the Viking and the Frobisher. CNRL licensed heavily in the Lloydminster, with the company’s 18 licences for this formation accounting for almost […]
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