Obsidian Energy Ltd. is planning $260–$270 million in capital expenditures for development and exploration/appraisal activities in 2023, plus an additional $26–$28 million in decommissioning expenditures that accelerates its asset retirement obligations.
January 31, 2023, 8:20 AM MST
Hemisphere Energy Corporation's board of directors has approved a 2023 capital expenditure program of $14 million, which is planned to be entirely funded by its estimated 2023 adjusted funds flow (AFF) of $45 million, and is expected to grow annual production by 17 per cent.
January 24, 2023, 9:26 AM MST
Birchcliff Energy Ltd. approved a F&D capital budget of $260–$280 million for 2023, which is designed to deliver five per cent production growth over 2022 and generate free funds flow of $290–$310 million.
January 18, 2023, 2:26 PM MST
In light of the highly volatile commodity prices, coupled with the weighting of the remaining term debt payments to 2023, Journey Energy Inc. says it has adopted a prudent approach of deferring its exploration and development capital expenditures over the near term.
January 18, 2023, 3:01 PM MST
InPlay Oil Corp. outlined a capital program of $75 – $80 million for 2023 which is forecasted to deliver annual average production of 9,500 – 10,500 boe/d (58 per cent – 61 per cent light oil and NGLs).
January 18, 2023, 6:43 AM MST
Rubellite Energy Inc. is on track to achieve its combined Q4 2022 and Q1 2023 capital expenditure guidance of approximately $33.0 to $41.0 million to continue its two-rig drilling program through to the end of the first quarter of 2023.
January 17, 2023, 12 AM MST
Tourmaline Oil Corp. reported a 2022 exit volume production of 528,000 boe/d.
January 12, 2023, 3:31 PM MST
Paramount Resources Ltd. now expects to spend $650 to $700 million, down from the previous $720 to $760 million.
January 11, 2023, 3:46 PM MST
Citing progress being made in negotiations between the Blueberry River First Nations and the government of British Columbia, Vermilion Energy Inc. says it will optimize 2023 capital allocation by deferring Alberta investment and focus on B.C. to enhance return on capital.
January 6, 2023, 10:46 AM MST
Vermilion Energy Inc. announced a 2023 capital budget of $570 million, which reflects consistent investment levels in North America and increased capital allocation to continental European gas drilling.
January 6, 2023, 5:41 AM MST
Vermilion Energy Inc. plans to invest approximately $230 million across its international assets, representing an increase of seven per cent compared to 2022.
January 6, 2023, 5:57 AM MST
Yangarra Resources Ltd. has set a capital budget of $125 million for 2023, which includes the drilling of 33 wells which will keep one drilling rig fully utilized for the year.
December 23, 2022, 12 AM MST
Imperial Oil Limited’s 2023 capital spending is forecast at $1.7 billion and includes a planned ramp-up for the Strathcona Renewable Diesel project, application of solvent technologies at Cold Lake and ongoing investment on the in-pit tailings project at the Kearl oilsands facility.
December 20, 2022, 12 AM MST
Tenaz Energy Corp. has closed the acquisition of 100 per cent of the issued and outstanding shares of a private company with Netherlands upstream and midstream assets.
December 20, 2022, 1:26 PM MST
Enerplus Corporation has closed the previously announced sale of substantially all of its remaining Canadian assets to Surge Energy Inc. for total consideration of $245 million, prior to closing adjustments.
December 20, 2022, 12 AM MST
Capital discipline will remain a theme and a somewhat stingy merger and acquisition (M&A) market in Western Canada could open up slightly in the coming months, a recent survey of Canadian oil and gas executives found.
December 16, 2022, 6:45 AM MST
Bonterra Energy Corp. laid out a fully-funded 2023 capital expenditures budget ranging between $120 to $125 million.
December 16, 2022, 12 AM MST
Since the end of the third quarter, Obsidian Energy Ltd. rig released an additional 14.0 wells (13.4 net), including four Cardium wells (4.0 net) in Willesden Green, three Cardium wells (2.9 net) and one vertical Devonian well (0.5 net) in Pembina, and five Bluesky wells (5.0 net) and one Clearwater well (1.0 net) in Peace River.
December 16, 2022, 6:59 AM MST
Kiwetinohk Energy Corp.’s planned capital expenditures for Upstream and Green Energy are between $378-$402 million.
December 15, 2022, 12 AM MST
Pieridae Energy Limited outlined a development capital spending range of $15 million to $20 million for 2023, and sustaining capital of $50 million to $55 million.
December 15, 2022, 12 AM MST
Crew Energy Inc. has set a net capital expenditures budget of $230-$250 million.
December 9, 2022, 12 AM MST
Baytex Energy Corp. outlined a 2023 exploration and development expenditures budget of $575–$650 million, which is designed to generate average annual production of 86,000 to 89,000 boe/d.
December 8, 2022, 12 AM MST
Athabasca Oil Corporation is planning 2023 capital expenditures of $145 million ($120 million Thermal Oil & $25 million Light Oil) with activity primarily focused on sustaining and growth projects at Leismer, a Montney pad in Placid and routine maintenance across the portfolio.
December 8, 2022, 12 AM MST
December 8, 2022, 12 AM MST
December 8, 2022, 5:37 AM MST
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