Tamarack Valley Energy Ltd. plans to invest capital of $425 to $475 million in 2023, funded entirely through adjusted funds flow and equal to approximately 50 to 60 per cent of total 2023 adjusted funds flow at budget pricing of US$80/bbl WTI and C$4/GJ AECO.
December 7, 2022, 12 AM MST
Cenovus Energy Inc. plans to invest between $4.0 billion and $4.5 billion in 2023, up 21 per cent from a range of $3.3 billion to $3.7 billion in 2022.
December 6, 2022, 7:08 AM MST
Advantage Energy Ltd. plans to spend between $250 million and $280 million for 2023, representing a payout ratio of under 50 per cent prior to share buybacks.
December 2, 2022, 12 AM MST
Canadian Natural Resources Limited outlined a 2023 capital spending plan of $5.2 billion consisting of approximately $4.2 billion in base capital and approximately $1.0 billion in strategic growth capital.
November 30, 2022, 12 AM MST
Suncor Energy Inc.’s 2023 capital guidance of $5.4-5.8 billion was calculated and determined under an expanded lens and by a partly re-tooled management team, the company’s interim president and CEO Kris Smith told an investors day event Tuesday.
November 30, 2022, 12:58 PM MST
Spartan Delta Corp. has started a formal process to evaluate strategic repositioning alternatives in an effort to enhance shareholder value.
November 30, 2022, 6:05 AM MST
Kiwetinohk Energy Corp.’s Upstream division capital spending guidance range for the year has been reduced by $10 million, or 3.5 per cent, to a range of $265 - $280 million.
November 17, 2022, 12 AM MST
Rubellite Energy Inc. plans to spend approximately $33.0 to $41.0 million to continue its two-rig drilling program through to the end of the first quarter of 2023 to drill, complete, equip and tie-in 17 (14.9 net) multilateral horizontal development/infill wells at Figure Lake and Marten Hills and to execute its four to six (3.0 to 4.0 net) well northern exploration program.
November 14, 2022, 12 AM MST
Tenaz Energy Corp. announced a capital budget of $16 - $18 million for 2023.
November 14, 2022, 9:04 AM MST
While its official 2023 budget is still being finalized, Peyto Exploration & Development Corp. currently anticipates an organic capital program of $425–$475 million, which will use between four and five drilling rigs throughout the year.
November 10, 2022, 11:35 AM MST
Pine Cliff Energy Ltd. approved an increase in its 2022 capital expenditure budget from $29.5 million to $31.5 million.
November 10, 2022, 12 AM MST
Petrus Resources Ltd.’s board of directors has approved a capital budget for 2023 of $130 million to $135 million.
November 10, 2022, 12 AM MST
Kelt Exploration Ltd. announced an initial capital expenditure budget of $310.0 million for 2023.
November 10, 2022, 8:52 AM MST
Bonterra Energy Corp.’s capital expenditures in the first nine months of 2022 totaled $67.1 million and included $48.9 million directed to the drilling of 23 gross (22.7 net) wells and the completion, equip, and tie-in of 28 gross (27.7 net) wells, with six of the completed and equipped wells having been drilled late in 2021.
November 10, 2022, 12 AM MST
Ovintiv Inc.’s full year capital investment is expected to total approximately $1.8 billion, at the high end of the previous capital guidance range.
November 9, 2022, 8:05 AM MST
NuVista Energy Ltd.’s capital expenditure guidance for 2023 is set at a range of $425 - $450 million.
November 9, 2022, 7:09 AM MST
Cardinal Energy Ltd. announced a 2023 capital budget of $97 million.
November 9, 2022, 12 AM MST
Pipestone Energy Corp. is increasing its capital expenditure guidance for 2022, from $225 - $235 million to an estimate of $240 million.
November 9, 2022, 7:48 AM MST
Birchcliff Energy Ltd.’s F&D capital expenditures were $85.3 million in Q3 2022, which included drilling eight (8.0 net) wells and bringing 19 (19.0 net) wells on production.
November 9, 2022, 2:25 PM MST
Obsidian Energy Ltd. has bumped up its capital expenditure range.
November 8, 2022, 7 AM MST
Perpetual Energy Inc.'s board of directors approved a capital budget of $29–$32 million for 2023, including $5–$7 million to be spent in the first quarter for pipeline infrastructure and to drill two (1.0 net) wells at East Edson.
November 8, 2022, 12 AM MST
Baytex Energy Corp. now anticipates full-year 2022 exploration and development expenditures of approximately $515 million, up three per cent from the previously targeted $500 million which represented the high-end of the company’s prior guidance range of $450-$500 million.
November 4, 2022, 10:58 AM MDT
The ARC Resources Ltd.’s board of directors has approved the company’s preliminary 2023 capital budget of $1.8 billion.
November 4, 2022, 9:50 AM MDT
Headwater Exploration Inc. outlined an initial capital budget for 2023 of $200 million resulting in 2023 annual average production of 18,000 boe/d (92 per cent heavy oil).
November 4, 2022, 12 AM MDT
Crew Energy Inc.’s strong 2022 financial performance in achieving leverage targets provides the flexibility to expedite two projects that were originally planned for the first quarter of next year.
November 4, 2022, 12 AM MDT
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