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Founded in 2016, West Lake Energy is a Canadian producer with a broad set of mineral rights that extend from central Alberta to west Saskatchewan. The bulk of the company’s recent drilling and licensing activity has straddled the Alberta-Saskatchewan border, with the Provost medium oil project accounting for most of West Lake’s current production. According to gross licensed production data from BOE Intel and Petro Ninja, West Lake is an oil-weighted producer with natural gas, condensate and NGLs accounting for under 15% of June 2023 production. West Lake Energy Mineral Rights as of August 3, 2023 West Lake has licensed consistently over the past 5 years, with a slight drop in pandemic-impacted 2020 and 5-year highs of 40 new licences in 2018 and 2021. Provost saw the most activity through this period, accounting for 102 of West Lake’s 165 total licences. The Swimming and Lloydminster fields, both of which are part of the Lloydminster heavy oil project, accounted for 27 and 17 licences respectively. Interestingly, West Lake has only licensed one well in 2023: UWI 100133302309W400 was licensed on July 28 and targets the Exshaw formation. West Lake Licences by Year, 2018-2023 (2018 in blue, 2019 in grey, 2020 […]
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