Q1 2016 Results

Transcription

Q1 2016 Results

Canadian Drilling Activity Market Analysis
Q1 2016 Results
© 2016, JWN. All rights reserved. Unauthorized reproduction is strictly prohibited.
About this report
JuneWarren-Nickle’s Energy Group (JWN), the most trusted provider of information and insight
for the Canadian energy industry, has developed this report to analyze quarterly drilling company
market shares, well type and depth, and producer activity breakdowns for each of the western
Canadian PSAC regions.
The top drilling contractors and producers by category in Q1 2016 are not necessarily the same
top drilling contractors and producers for the previous periods in Q4 2015 and Q1 2015. The
same drilling contractors and producers were shown for the three periods to provide a consistent
basis of comparison and to highlight the changes and trends in the results.
For more information or to inquire about other JWN drilling related products please contact:
Barry Bonter
Senior Account Manager
Email: [email protected]
Phone: 403-209-3580
Steven Johnson
Energy Intelligence Specialist
Phone: 403-209-3513
Diane Henderson
Specialized Database Manager
Phone: 403-209-3530
Overview
Q1-2016 Market Summary
•
Precision, Savanna, and Ensign all maintained their positions as the top 3 drillers by wells drilled.
•
Cenovus, Crescent Point, and Suncor all maintained their positions as the top 3 operators by wells
drilled.
•
83% of drilling contractors saw a decline in the amount of drilling they drilled in Q1 2016 compared
to the prior-year-quarter.
•
26% of drilling contractors did not drill any wells in Q1 2016.
•
Drilling activity compared to the prior-year-quarter declined by no less than 34% in each PSAC
region, with an average regional decline of 56%.
•
Contractors drilled 49% fewer wells this year compared to the prior-year-quarter.
•
Despite overall reductions, companies are focusing on strategic business. Operators are prioritizing
drilling plans, while drilling contractors are seeing value in developing strong relationships with their
clients.
•
Market share remains highly competitive, as shown by companies trading positions and jockeying
for business across the PSAC regions.
•
Please note that the analysis contained in this report is inclusive of all well types, and therefore
includes test and experimental wells in its sample set.
PSAC Area Map
Western Canadian market share for the top drilling
contractors based upon number of wells drilled
Top drilling contractors by number of wells drilled in
Western Canada for Q1 2016
Ranking of drilling contractors by western Canadian rig
utilization for Q1 2016
Vortex Drilling Ltd.
Stampede Drilling Ltd.
Beaver Drilling Ltd.
Betts Drilling Ltd.
DC Drilling Inc.
Twilight Drilling Ltd.
Citadel Drilling Ltd.
Lasso Drilling Corporation
Alliance Drilling And Oilfield Service Ltd.
Tempco Drilling Company Inc.
Trinidad Drilling Ltd.
Savanna Drilling Canada Hybrid
Bonanza Drilling Inc.
Excalibur Drilling Ltd.
Akita Drilling Ltd.
CWC Ironhand Drilling
Predator Drilling Inc.
Precision Drilling, a division of PDCLP
Patterson - UTI Drilling Co. Canada
Ensign Drilling Inc., A Division Of Ensign…
Savanna Drilling Canada
Red Dog Drilling Inc.
Horizon Drilling, a division of Western…
Panther Drilling Corp.
Nabors Drilling
Jomax Drilling (1988) Ltd.
D2 Drilling Inc.
Chinook Drilling Inc. (a division of Total…
Komat Drilling Ltd.
Crusader Drilling Corp.
Advance Drilling Ltd.
0%
62.64%
59.71%
47.99%
45.05%
44.51%
41.76%
36.48%
36.26%
27.20%
26.37%
24.99%
24.98%
24.66%
23.76%
21.25%
20.88%
20.07%
19.87%
19.08%
18.35%
18.16%
18.13%
16.06%
15.93%
15.40%
14.10%
13.19%
11.78%
9.89%
6.23%
6.04%
10%
20%
30%
40%
50%
60%
70%
www.riglocator.ca
Annual Trend Analysis
(Normalized to Prior-Year-Quarter)
Top Contractor by wells drilled over time in Western Canada
Top Contractor by meters drilled over time in Western Canada
Top Operators by wells drilled over time in Western Canada
Top Operators by meters drilled over time in Western Canada
Wells drilled over time by direction group in Western Canada
Company Profiles
Preferred Contractors of the top 10 Operators in Q1-2016
Drilling depth distribution of top 10 Contractors in Q1-2016
Drilling depth distribution of top 10 Operators in Q1-2016
Regional Company Profiles
PSAC BC2 region for Q1 2016
PSAC AB1 region for Q1 2016
PSAC SK1 region for Q1 2016
PSAC MB region for Q1 2016
Looking for more details?
Contact our data team to inquire about the full Canadian Drilling Activity Market Analysis report. The full
length document dives further into the analysis that you have just reviewed, and expands upon its
findings with additional charts, data, and insights detailing the following:
Relationship
Mapping
• Discover how relationships between key operators and contractors
define the industry, and create competitive trends in discrete PSAC
regions and fields.
Competitive
Landscaping
• Investigate the competitive strengths of contractors, and the drilling
preferences of key operators on a regional and depth basis.
Directional Analysis
Access the Data
Get in touch
• Quickly ascertain the drilling trends associated with a given region
over time.
• Examine the underlying data used to build these reports with the help
of best practices provided by the same Energy Data Experts behind
the Daily Oil Bulletin, Canoils, and Evaluate Energy.
• Steven Johnson
Energy Intelligence Specialist
(403) 209-3513
[email protected]

Q1 2016 Results

Transcription

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