Soaring natural gas commodity prices were the primary driver of a dramatic improvement in the netbacks of upstream operators in the U.S. and Canada in Q2 2017, based on new data from CanOils and Evaluate Energy.
September 20, 2017, 7:35 AM MDT
Today’s announced US$110 million sale by Halcón Resources Corporation of its non-operated Williston Basin assets means that the company has now negotiated 26 per cent of all U.S. and Canadian asset sales in the basin over the past two years, based on deal values.
September 20, 2017, 7:50 AM MDT
The total number of operating rigs in the United States was 936 this week, according to the Baker Hughes weekly count, eight fewer rigs than the 944 that were at work last week. This is, however, 430 more rigs than the 506 that were operating this time last year.
September 15, 2017, 11:32 AM MDT
The total number of rigs operating in the United States was 944 this week, according to the Baker Hughes weekly count, one more rig than the 943 that were at work last week.
September 8, 2017, 11:37 AM MDT
TORC Oil & Gas Ltd. was the only company among TSX-listed oil producers outside of the oilsands sector to cut its combined operating and transportation costs per barrel of oil equivalent (boe) between Q2 2017 and Q2 2016, according to the latest CanOils data.
September 6, 2017, 8:23 AM MDT
September 5, 2017, 10:12 AM MDT
The total number of rigs operating in the United States rose to 943 this week, according to the Baker Hughes weekly count — three more rigs than the 940 that were at work last week.
September 1, 2017, 11:37 AM MDT
The PSAC Well Cost Study for the 2017 summer drilling season examines 18 carefully selected horizontal or directional type wells across various formations and depths in Alberta to give a good overview of drilling and completion(1) costs in the province.
August 24, 2017, 6 AM MDT
This summer, the costs to drill and complete horizontal wells within the Cardium formation are up to 63% cheaper than the most expensive horizontal wells elsewhere in Alberta.
August 23, 2017, 6 AM MDT
The major C$32.1 billion in oilsands mining deals that were announced in March dominated Canadian M&A activity during the first seven months of 2017, as they comprised 87 per cent of the overall value of transactions.
August 17, 2017, 8:36 AM MDT
A total of C$340 million was spent on new upstream-focused deals in Canada in May, a month where the biggest headlines were made by deal completions rather than deal announcements, according to the CanOils M&A review for May 2017.
June 14, 2017, 5:32 AM MDT
This summer, the costs to drill and complete horizontal wells within the Cardium formation are up to 63% cheaper than the most expensive horizontal wells elsewhere in Alberta.
June 13, 2017, 1:25 PM MDT
Active hedgers among the TSX-listed oil and gas producers covered 63 per cent of their combined natural gas production — and 48 per cent of combined oil production — with a range of hedging contracts in Q1 2017.
May 30, 2017, 8:12 AM MDT
Painted Pony Petroleum Ltd., at 23 mboe/d, is by no means the largest gas producer on the TSX, but the company achieved the highest percentage cut in operating costs of any TSX-listed gas producer during 2016, according to new data from CanOils.
May 17, 2017, 6 AM MDT
Canadian Natural Resources Limited (CNRL; TSX:CNQ) and Penn West Petroleum Ltd. (TSX:PWT) saw domestic production fall the most among TSX-listed producers in 2016, according to CanOils’s annual data.
May 4, 2017, 6 AM MDT
Some of Canada’s biggest M&A deals in 2016 resulted in Seven Generations Energy Ltd. (TSX:VII) and Suncor Energy Inc. (TSX:SU) recording the largest production increases amongst all TSX producers over the past year, according to CanOils’s annual data.
April 27, 2017, 6 AM MDT
March 15, 2017, 9:20 AM MDT
Higher commodity prices in Canada are driving a renewed focus on completing wells in Alberta, following a huge increase in the number of drilled but uncompleted wells (DUCs) over the past three years.
February 28, 2017, 8:37 AM MST
Low-cost light oil production is the key factor driving dramatic and sustained volumes of M&A activity within Canada’s high-profile Viking formation.
February 7, 2017, 8:42 AM MST
Service companies are on alert with more than $2 billion in LLR-related costs currently accruing against abandoned wells awaiting reclamation in Alberta, according to the latest CanOils data.
February 1, 2017, 8:35 AM MST
The value of December’s announced M&A deals in the Canadian E&P sector totalled just over C$1.2 billion — a sum around $300 million down on the equivalent totals in November and October, but still above the 2016 average of around C$1 billion.
January 26, 2017, 6 AM MST
There was nearly eight times more invested in asset and corporate acquisitions in the Marcellus shale in 2016 than 2015, according to new analysis in Evaluate Energy’s global M&A review for 2016.
January 18, 2017, 8:18 AM MST
Following more than a year of cost cuts and capex reductions, early 2017 guidance in the Canadian oil and gas sector suggests that 2017 will see a rebound in activity.
December 15, 2016, 10:06 AM MST
Following more than a year of cost cuts and capex reductions, early 2017 guidance in the Canadian oil and gas sector suggests that 2017 will see a rebound in activity.
December 14, 2016, 6 AM MST
The value of November’s announced M&A deals in the Canadian E&P sector totalled just over C$1.5 billion — a sum almost identical to the equivalent total recorded in October. The full CanOils review of November upstream deal activity can be downloaded here.
December 13, 2016, 10:15 AM MST
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