WELCOME TO GULL LAKE
Canadian crude-by-rail exports jumped to a record in June 2018, exceeding 200,000 bpd for the first time and nearly doubling compared to June last year, Canada’s National Energy Board (NEB) said in its latest crude oil exports data, in a sign that Canadian producers are increasingly using the railroad option to move their crude to market as pipeline capacity out of Canada is full.
Saskatchewan’s active drilling rig count in 2018 has, at almost all points except the month of June, been better than the same corresponding times in 2017 and markedly better than 2016. Hellenic Shipping News Worldwide Full coverage
Source: Drilling rig numbers in Saskatchewan continue to be better this year than last
We are pleased to report an exceptional second quarter with record average production of 75,813 boe/d which was approximately 2,300 boe/d above our forecast of 73,000 – 74,000 boe/d on development capital spending of C$66.3 million. Outperformance in the quarter was driven by strong results in southwest Saskatchewan and the Deep Basin Cardium program and our ability to reduce the impact of down-time due to scheduled turnarounds.