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|
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.