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
Journey Energy Inc. says it continues to advance its repeatable plays, and is looking for opportunities to expand the company’s Duvernay footprint.
November 10, 2023, 12 AM MST
InPlay Oil Corp. says recent investments made in increasing natural gas takeaway capacity through two facility upgrades in Willesden Green will be important in alleviating potential production issues from third-party facility outages going forward.
November 10, 2023, 12 AM MST
Gear Energy Ltd. has set a 2024 capital budget of $57 million.
November 10, 2023, 12 AM MST
With lower natural gas prices persisting across North America, Ovintiv Inc. plans on focusing all its drilling efforts in condensate-rich areas of the Montney in 2024, company president and chief executive officer Brendan McCracken told analysts at the company’s third quarter 2023 conference call.
November 9, 2023, 8:06 AM MST
Peyto Exploration & Development Corp.’s preliminary capital budget for 2024 includes a low-risk development program on both the recently acquired Repsol assets and the company’s legacy core properties.
November 9, 2023, 8:13 AM MST
OPEC+ production cuts have led to a surge in sour-heavy crude oil prices globally, resulting in a nearly twofold increase in Canadian heavy oil exports from the Gulf Coast.
November 9, 2023, 8:11 AM MST
Crew Energy Inc. has increased its capital spending outlook for 2023.
November 9, 2023, 12 AM MST
Kelt Exploration Ltd. outlined an initial capital expenditure budget of $350.0 million for 2024.
November 9, 2023, 6:13 AM MST
With an expanded second half 2023 capital program, Obsidian Energy Ltd.'s drilling preparation and execution began in July and continued through the third quarter, accelerating in October with four rigs in operation across its Peace River, Willesden Green, Pembina and Viking areas.
November 9, 2023, 7:12 AM MST
NuVista Energy Ltd. has outlined its 2024 spending plan and adjusted its capital spending for 2023.
November 8, 2023, 6:23 AM MST
PHX Energy Services Corp. has boosted 2023 spending to $80 million from the previous $61.5 million.
November 8, 2023, 12 AM MST
Several years ago, Cardinal Energy Ltd. identified steam assisted gravity drainage (SAGD) as an area that could provide growth and further decrease decline levels.
November 7, 2023, 6:09 AM MST
For 2024, Cardinal Energy Ltd. laid out a planned conventional capital budget of $116 million with a further $68.5 million for the Reford thermal oil project.
November 7, 2023, 6:21 AM MST
While Cenovus Energy Inc. won’t release its officials 2024 capital budget until next month, company officials expect it to be in the same range as this year at somewhere between $4.5-$5 billion.
November 3, 2023, 12 AM MDT
ARC Resources Ltd. expects to spend between $1.75 to $1.85 billion in 2024 to maintain production in the 350,000 to 360,000 boe/d as it advances its Attachie project in northeastern B.C.
November 3, 2023, 6:42 AM MDT
Vermilion Energy Inc. has increased its 2023 capital expenditure guidance by $20 million to $590 million.
November 3, 2023, 12 AM MDT
Enerplus Corporation’s 2023 capital spending guidance was narrowed to $520 to $540 million (from the previous range of $510 to $550 million).
November 3, 2023, 6 AM MDT
Paramount Resources Ltd. is budgeting 2024 capital expenditures of between $830 million and $890 million, $60 million at midpoint more than the previous high range of preliminary guidance.
November 2, 2023, 6:14 AM MDT
Tourmaline Oil Corp.'s board of directors has approved a full year 2024 EP capital budget of $2.15 billion, reflecting a 14-15 rig program and including $225 million associated with the Bonavista Energy Corporation assets.
November 1, 2023, 3:30 PM MDT
Precision Drilling Corporation’s president and CEO Kevin Neveu went into detail about the company’s capital spending budget and how it related to increased customer-funded rig upgrades and moves at its third quarter results call-in.
October 30, 2023, 12 AM MDT
Whitecap Resources Inc. expects to spend over $100 million annually the next three years building infrastructure as it grows Montney and Duvernay production from 70,000 to 110,000 boe/d by the end of 2027, president and chief executive officer Grant Fagerheim said at the company’s third quarter 2023 conference call.
October 27, 2023, 12 AM MDT
Precision Drilling Corporation has boosted its capital spending budget in response to increased customer-funded rig upgrades and to facilitate the strategic purchase of certain long-lead items.
October 26, 2023, 12 AM MDT
Whitecap Resources Inc. has approved a capital budget of $1.0 – $1.2 billion which includes the drilling of approximately 258 (222.7 net) wells and is expected to generate average production of 162,000 – 168,000 boe/d or five per cent production per share growth at the mid-point.
October 25, 2023, 3:17 PM MDT
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