Surge Energy Inc. says its 2024 capital budget of $190 million will see approximately 95 per cent of development expenditures directed towards its Sparky and SE Saskatchewan core areas.
December 8, 2023, 9:01 AM MST
Headwater Exploration Inc. has announced a preliminary budget for 2024 of $180 million.
December 8, 2023, 8:31 AM MST
Pieridae Energy Limited says it does not currently plan to resume drilling operations during 2024 due to the current outlook for North American natural gas prices.
December 8, 2023, 12 AM MST
December 8, 2023, 12 AM MST
Chevron Corporation today announced an expected organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries and an affiliate capital expenditure budget of approximately $3 billion for 2024.
December 7, 2023, 12 AM MST
Athabasca Oil Corporation is planning capital expenditures in 2024 of $175 million, with activity focused on completing the 28,000-bbl/d expansion project at Leismer, sustaining capital at Hangingstone and three Duvernay pads at Kaybob.
December 7, 2023, 10:02 AM MST
Baytex Energy Corp. announced a budget for 2024 exploration and development expenditures of $1.2 to $1.3 billion, which is designed to generate average annual production of 150,000 to 156,000 boe/d.
December 6, 2023, 5:19 AM MST
Tamarack Valley Energy Ltd.’s 2024 budget includes a “two phase” approach.
December 6, 2023, 5:39 AM MST
The Canadian Association of Energy Contractors (CAOEC) expects a busier 2024 for contractors of drilling and service rigs.
December 5, 2023, 8:27 AM MST
While its utilities segment will still receive the lion’s share of capital in the near- to mid-term, AltaGas Ltd. says its midstream business will see an increasing share of the company’s annual spend.
December 5, 2023, 10:33 AM MST
Suncor Energy Inc. outlined a $6.3-$6.5 billion capital spending program for 2024.
December 5, 2023, 3:40 PM MST
Gibson Energy Inc. outlined growth capital expenditures of $150 million in 2024.
December 5, 2023, 12 AM MST
Advantage Energy Ltd. has outlined capital plans of between $260 million and $290 million for 2024.
December 1, 2023, 12 AM MST
Independent U.S. natural gas producers aim to maintain or cut current capital expenditure levels in the fourth quarter as they look to keep production flat at a time of ongoing low prices, companies reported in their third quarter 2023 conference calls.
November 30, 2023, 10:41 AM MST
For 2024, Spartan Delta Corp.'s board has approved an initial capital budget of $130 million to drill and complete 19.2 net (21 gross) wells, resulting in annualized production of 39,500 boe/d, a seven per cent increase in corporate production versus H2 2023 guidance.
November 29, 2023, 5:29 AM MST
MEG Energy Corp. has outlined its 2024 capital spending plan.
November 27, 2023, 3:32 PM MST
The report provides 2024 forecasts for capital spending, drilling and production for companies headquartered in Canada and the U.S. The latest report focuses on updates announced Nov. 1-10, 2023.
November 23, 2023, 6 AM MST
Logan Energy Corp. has set a 2024 initial capital budget of $120 million. The budget is designed to deliver growth in Simonette, maintain production in Pouce Coupe and advance long term growth projects like Flatrock.
November 23, 2023, 12 AM MST
Lycos Energy Inc. acquired an additional 8.5 net sections of land near its Frog Lake acreage for a total consideration of $3.5 million, before closing adjustments.
November 23, 2023, 8:06 AM MST
Strathcona Resources Ltd. is making operational improvements across its Cold Lake and Lloydminster operations to lower costs and add incremental production in near term, executives said at the company’s first conference call since becoming a public company.
November 15, 2023, 8:30 AM MST
Pine Cliff Energy Ltd.’s third quarter drilling activity was limited to participating in one Ellerslie natural gas well (0.15 net) in its Edson area that came onstream at the end of October 2023.
November 15, 2023, 9:02 AM MST
Strathcona Resources Ltd. expects to spend around $1.3 billion in 2024 to grow production to 190,000 to 195,000 boe/d, up from expected average fourth quarter 2023 production of approximately 185,000 boe/d.
November 14, 2023, 7:01 AM MST
Birchcliff Energy Ltd. is targeting F&D capital expenditures of $240 million to $260 million in 2024.
November 14, 2023, 3:03 PM MST
Headwater Exploration Inc. lifted its planned 2023 spending plan by $10 million from $225 million to $235 million.
November 10, 2023, 5:03 AM MST
Rubellite Energy Inc. expects to spend approximately $20 - $22 million in the fourth quarter of 2023 to drill, complete, equip and tie-in 11 (11.0 net) multi-lateral development infill and step-out wells at Figure Lake, unchanged from previous guidance.
November 10, 2023, 5:20 AM MST
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