Saskatchewan’s heavy oilfields surrounding Lloydminster and Kindersley continue seeing incremental production growth as operators bring on new thermal wells, drill multilateral development wells, and expand into new areas.
March 16, 2023, 12 AM MDT
Production in the Viking and Shaunavon tight oil plays in western Saskatchewan is down 29 per cent and 27.5 per cent, respectively, from 2018 highs. Neither area has recovered from the pandemic of 2020, but the rate of decline is leveling off.
March 15, 2023, 12 AM MDT
Southeast Saskatchewan operators have shifted activity from unconventional targets in the Bakken/Torquay to the conventional Frobisher Beds as the use of extended reach horizontal drilling and multilateral well design increased well productivity.
March 14, 2023, 12 AM MDT
Saskatchewan’s oilpatch was hit hard by the COVID-19 pandemic and subsequent oil price crash in early 2020, with production declining by almost 70,000 bbls/d by year-end as wells were shut-in and field activity collapsed.
March 13, 2023, 12 AM MDT
STEP Energy Services Ltd. reported that Canadian activity levels have been strong for Q1 2023, directionally in line with the sharp increase in the drilling rig count from Q4 2022.
March 2, 2023, 5:24 AM MST
Looking forward to growth in the Montney play and poised for operational startups for LNG facilities, Trican Well Service Ltd.’s Q4 and year-end 2022 results were buoyant, with strong numbers for last year and high anticipation for 2023.
February 24, 2023, 2:51 PM MST
Birchcliff Energy Ltd. generated record cash flow metrics in 2022, record net income, with output declining slightly.
February 16, 2023, 4:41 AM MST
Yangarra Resources Ltd.’s January 2023 production averaged 12,000 boe/d, and was negatively impacted by a turnaround at a company facility.
February 6, 2023, 7:07 AM MST
Drilling and completion activities continued at the Montney for ConocoPhillips, with the fourth pad coming online during the fourth quarter while construction progressed on the second phase of the company’s central processing facility.
February 2, 2023, 12 AM MST
STEP Energy Services Ltd.’s board of directors has approved a $45 million increase in the 2023 capital program, bringing the total 2023 capital budget to approximately $100 million.
January 9, 2023, 12 AM MST
While the head of Trican Well Service Ltd. expects activity in the fourth quarter of 2022 to ease compared to Q3, early next year is filling up fast.
November 14, 2022, 12 AM MST
Trican Well Service Ltd. posted 2,078 total jobs in the three-month span ending Sept. 30, 2022. This marked a 4.5 per cent uptick over the 1,986 seen through the same period in 2021.
November 10, 2022, 1:37 PM MST
ARC Resources Ltd. recorded major gains in both net income and cash flow from operating activities in the three-month span ending Sept. 30, 2022 compared to the same days a year earlier.
November 7, 2022, 12 AM MST
Calfrac Well Services Ltd. could add additional fracturing spreads in North America in 2023 if strong market conditions continue, chief executive officer Pat Powell told analysts at the company’s third quarter conference call.
November 2, 2022, 1:49 PM MDT
Increased fracturing activity and improved service prices resulted in Calfrac Well Services Ltd. reporting its best margin performance in a decade, the company said in its third quarter 2022 report to shareholders.
November 2, 2022, 7:52 AM MDT
The Charlie Lake tight oil play in northwestern Alberta has seen a rapid increase in production since Tourmaline Oil Corp. began drilling it in 2012.
October 5, 2022, 6 AM MDT
Driving up drilling and completions productivity while ensuring it gets the best price for its almost 200,000 boe/d of production is Ovintiv Inc.’s near term focus in the Montney resource play, executives told analysts at the company’s Montney update this week.
September 22, 2022, 10:42 AM MDT
September 22, 2022, 12 AM MDT
Since the end of the second quarter, Calfrac Well Services Ltd. reported improved utilization throughout all service lines in North America and Argentina.
September 13, 2022, 6 AM MDT
September 8, 2022, 7:23 AM MDT
Saturn Oil & Gas Inc. has tied-in nine horizontal wells drilled since spring breakup, increasing production to 12,000 boe/d.
September 7, 2022, 8:34 AM MDT
Pieridae Energy Limited is on track to start the first drilling program since the company’s formation as the licensee this year.
August 16, 2022, 7:09 AM MDT
Total production for Kiwetinohk Energy Corp. in the second quarter of 2022 exceeded what the company saw from the same time a year earlier by 56 per cent.
August 12, 2022, 12 AM MDT
STEP Energy Services Ltd. said that the first half of 2022 saw pricing respond to the inflationary pressures and tightness in supply.
August 11, 2022, 4:37 AM MDT
Getting new crew members ready to fill roles is taking longer than it used to, said the head of Trican Well Service Ltd.
August 10, 2022, 12 AM MDT
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