Headwater Exploration Inc. is lifting its 2023 capital expenditure budget from $200 million to $225 million.
August 4, 2023, 12 AM MDT
Hammerhead Energy Inc. continued a two-rig development program with quarterly capital expenditures and net cash used in investing activities of $95.3 million and $132.3 million, respectively.
August 4, 2023, 12 AM MDT
During the second half of 2023, Perpetual Energy Inc. is planning to participate at its 50 per cent working interest in an East Edson drilling program to drill, complete, equip and tie-in an additional four to six (2.0 to 2.8 net) horizontal wells to fill the West Wolf gas plant in order to optimize production and operating costs, meet transportation commitments and maximize natural gas and NGL sales through next winter.
August 4, 2023, 8:33 AM MDT
Kiwetinohk Energy Corp. has decreased its capital and production guidance for 2023.
August 2, 2023, 9:15 AM MDT
Obsidian Energy Ltd.’s 2023 guidance is being revised, the company announced in its Q2 results.
August 2, 2023, 6:16 AM MDT
With the recent volatility in commodity pricing and positive performance of the Pekisko wells drilled in 2023 to date, Pine Cliff Energy Ltd. has elected to defer the drilling of its remaining budgeted one gross (0.7 net) NTU Pekisko oil well until 2024 and replace a portion of this expenditure with recompletion work in the Twining area.
August 2, 2023, 12 AM MDT
Gear Energy Ltd. lowered its planned 2023 capital expenditures by an additional $8 million to $50 million.
July 27, 2023, 12 AM MDT
Whitecap Resources Inc. benefitted from strong realized crude oil prices and higher production in the second quarter, generating $415 million of funds flow and $197 million of free funds flow after $218 million of capital expenditures.
July 27, 2023, 7:29 AM MDT
Ovintiv Inc. has lowered the high end of its capital guidance range.
July 27, 2023, 3:24 PM MDT
Canada’s gas producers posted five-year highs in capital spending in Q1 2023, according to new analysis using Evaluate Energy’s cash flow data.
July 19, 2023, 6 AM MDT
Tenaz Energy Corp. is acquiring 100 per cent of the issued and outstanding shares of XTO Netherlands Ltd. from XH LLC, a wholly owned subsidiary of Exxon Mobil Corporation.
June 27, 2023, 12 AM MDT
Ovintiv Inc. closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv's existing Permian operations.
June 13, 2023, 7:41 AM MDT
Spartan Delta Corp.’s capital expenditure budget and guidance for 2023 is presented on a pro forma basis, accounting for the forthcoming distribution of the cash proceeds of the asset sale and the shares and warrants of Logan Energy Corp. to Spartan's shareholders.
May 17, 2023, 5:27 AM MDT
Rubellite Energy Inc.’s board of directors has approved capital spending for the remainder of 2023 of $30 to $32 million to drill, complete, equip and tie-in an additional 17 (17.0 net) multi-lateral development / step-out wells at Figure Lake and $4 to $6 million to drill up to three (2.0 net) multi-lateral Northern exploratory wells.
May 12, 2023, 12 AM MDT
The current price environment and outlook for the remainder of the year is materially lower than the assumptions used to develop Petrus Resources Ltd.’s 2023 capital budget.
May 12, 2023, 6:11 AM MDT
As a result of the ongoing impact of a force majeure event on Pembina Pipeline Corporation’s Northern Pipeline system, Birchcliff Energy Ltd. currently expects that it will be on the low end of its annual average production guidance range of 77,000 to 80,000 boe/d.
May 11, 2023, 12 AM MDT
Athabasca Oil Corporation expects Western Canadian Select (WCS) prices to strengthen in the back half of 2023 and into 2024.
May 11, 2023, 6:11 AM MDT
NuVista Energy Ltd. is going full steam ahead with its 2023 capital expenditure program after reporting positive financial and operating results in the first quarter.
May 10, 2023, 8:50 AM MDT
While only six weeks into the job, Suncor Energy Inc.’s new president and CEO, Rich Kruger, has hit the ground running and has some lofty goals going forward in his quest to improve the company’s safety and operational performance.
May 9, 2023, 10:16 AM MDT
ARC Resources Ltd.’s Attachie assets in northeast B.C. have the potential to grow to the size of its Kakwa condensate-rich assets in Alberta, which currently account for more than half the company’s almost 340,000 boe/d of production, president and chief executive officer Terry Anderson told analysts at ARC’s first quarter conference call.
May 5, 2023, 10:10 AM MDT
Lower commodity prices took a bite out of ARC Resources Ltd.’s operating cash flow and free cash flow in the first quarter of 2023, but the company continued delivering cash back to investors through share buybacks and increased dividends.
May 5, 2023, 9:21 AM MDT
ARC Resources Ltd.’s board has approved the sanction of Attachie Phase 1.
May 4, 2023, 3:38 PM MDT
In light of ongoing commodity price volatility, Gear Energy Ltd. has strategically reduced its planned 2023 capital expenditures by 12 per cent to $58 million.
May 4, 2023, 7:44 AM MDT
MEG Energy Corp. has reiterated its previously-disclosed plan to grow output at a moderate, sustainable pace on its way to average output of 120,000 bbls/d over the next two to three years.
May 3, 2023, 8:39 AM MDT
Whitecap Resources Inc. delayed activity on its recently acquired Montney natural gas assets and turned its attention to its oil assets in Saskatchewan and central Alberta in the first quarter of 2023 as gas prices tumbled in the quarter.
April 27, 2023, 9:06 AM MDT
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