Top 10 Oil Wells Drilled In Western Canada - Consider Adding These Oil Stocks To Your Portfolio

by: Stockmarketopedia

In analyzing oil and gas stocks that trade on the North American stock markets, one of the key factors that determines whether or not the stock will outperform its peers in the various stock markets is how successful the drilling results are to date. With natural gas plunging, oil drilling results become more and more of importance to these stocks trading on the North American stock markets. We have assembled never seen before oil drilling results that are derived from the various provincial registries in Western Canada in order to provide an unbiased view of which oil producers trading on the North American stock markets are having the greatest drilling success. In spending hundreds of hours pulling this data together we also have access to which oil stocks are drilling the most dry holes and having the worse results and have an insight on what stock will be moving up in the stock markets and which stock will be plummeting. Another key factor with natural gas prices reaching 10 year lows is what the actual production composition of the oil wells are as a lot of investors buy oil stocks as they believe they are drilling oil wells, but after reviewing the actual production data on a lot of these wells, they are actually natural gas wells, which will have a huge long-term impact on the oil stocks share price given engineering firms will continue to reduce their natural gas price decks.

With an exclusive relationship with a group of well know former executive and technical staff of oil and gas companies in Western Canada, we have obtained a list of the top 10 oil wells drilled in Western Canada which have production data up to February 2012.

Well Location Company Hours on Production Oil Produced to Date Gas Produced to Date Calculated Oil Rate (Bbl/day) Calculated Gas Rate (BOE/day)
100030806418W500 TRILOGY RESOURCES LTD 526 48329 5251 2205 240
100010806418W500 TRILOGY RESOURCES LTD 643 30306 5271 1131 197
100040906418W500 TRILOGY RESOURCES LTD 1076 47693 5184 1064 116
100132506310W500 SECOND WAVE PETROLEUM INC. 2176 94343 24155 1041 266
100043306413W500 CORAL HILL ENERGY LTD. 510 20186 4315 950 203
100042106418W500 TRILOGY RESOURCES LTD 2095 78031 15685 894 180
100020806418W500 TRILOGY RESOURCES LTD 1478 51628 9104 838 148
195101104026W300 SOUTHERN PACIFIC RESOURCE PARTNERSHIP 809 26958 142 800 4
100041706418W500 TRILOGY RESOURCES LTD 1274 39895 4366 752 82
100041607709W600 BIRCHCLIFF ENERGY LTD. 2114 62726 20992 712 238
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Our review of the February 2012 production data shows that Trilogy (OTCPK:TETZF), Second Wave (OTC:SCSZF), Southern Pacific (OTC:STPJF) and Birchcliff (OTCPK:BIREF) drilled some of the top oil wells in the past few months. If you would like to see the top 30 oil wells click here. Further we continue to work with former executives of oil and gas companies to develop industry leading production, reserve, net asset value and capital efficiency reports for our users. This information is invaluable to investors investing in oil and gas stocks as it will also show you the number of dry holes the producers have drilled and also the actual oil and natural gas composition of these wells. This data is an extremely powerful tool for both institutional oil and gas investors and the individual oil and gas investor to identify oil stocks to buy which trade on the North American stock markets.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.