--> Western Canada Resource Plays: The Phoenix Awaits

AAPG Annual Convention and Exhibition

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Western Canada Resource Plays: The Phoenix Awaits

Abstract

Resource plays using horizontal drilling and multi-stage hydraulic fracturing technologies continue to dominate the Canadian oil and gas landscape outside of the oil sands areas. Canadian Discovery Ltd. continuously analyzes western Canada resource plays, spanning Cretaceous to Devonian reservoirs and extending across British Columbia, Alberta, Saskatchewan and Manitoba. This presentation provides a geoscientific and well completions overview of recent resource play activity, results and trends. The crash in oil and gas prices at the end of 2014 had a significantly negative impact on the number of wells drilled in 2015. In 2014, just over 7,500 wells were rig released from January to June; less than half that number of wells (approximately 3,600) were rig released during the same time period in 2015. Despite the price crash, several plays remain active–albeit at much lower numbers compared to 2014. High-activity plays such as the Montney, Spirit River and Viking will be discussed, along with up-and-coming plays such as the Charlie Lake, Dunvegan, and Midale as well as other Mississippian carbonate plays.