The five largest Clearwater heavy oil producers are building out their land positions while testing the boundaries of existing pools and targeting multiple stacked zones in core areas of the play.
December 7, 2023, 6 AM MST
Tamarack Valley Energy Ltd.’s 2024 budget includes a “two phase” approach.
December 6, 2023, 5:39 AM MST
Since starting operations, Logan Energy Corp. has added 62.25 net sections of land around its core area of Simonette, consisting of 32.75 net sections of Montney acreage and 29.5 net sections of land in non-Montney plays on and surrounding its existing asset base.
November 23, 2023, 6:59 AM MST
Lycos Energy Inc. executed a $20.9 million capital expenditure program bringing onstream three multi-leg fishbone wells (including two extended reach sweeper fishbone wells at 17 kilometres and 20 kilometres of drilled reservoir respectively) and three multi-lateral wells (including two new generation wine rack wells) in the quarter.
November 23, 2023, 8:31 AM MST
While the industry spotlight has focused on the Montney play with major acquisition deals in recent days, the head of a Calgary intermediate says he’s happy to stick with his company’s Sparky light/medium-oil play in east-central Alberta.
November 22, 2023, 6 AM MST
Yangarra Resources Ltd.’s drilling costs continue to improve with a reduction of 15-30 per cent in drilling spud to rig release times when compared with previous years, which has mitigated most of the cost escalations experienced over the past 18 months.
November 8, 2023, 7:04 AM MST
Exxon Mobil Corporation believes it can leverage its operational skills to recover an addition billion bbls of oil from the Permian assets it acquired in its $65 billion acquisition of Pioneer Natural Resources, Neil Chapman, senior vice-president, said during the company’s third quarter conference call.
November 6, 2023, 12 AM MST
Whitecap Resources Inc. is using a variety of techniques including extended reach horizontal wells, multilateral wells, and open hole completions to improve productivity at its light oil assets stretching from southeast Saskatchewan to central Alberta, its East Division vice-president Chris Bullin said at the company’s third quarter 2023 conference call and 2024 budget forecast.
October 27, 2023, 7:48 AM MDT
Obsidian Energy Ltd.’s Peace River assets are front-and-centre in the company’s new three-year plan and will provide the lion’s share of production growth during the period, president and CEO Stephen Loukas says.
September 22, 2023, 12 AM MDT
Murphy Oil Corporation and Chevron Canada were early entrants into the Kaybob Duvernay, with both companies far up the learning curve in the play.
September 18, 2023, 12 AM MDT
Both Baytex Energy Corp. and Whitecap Resources Inc. are early in Duvernay development but are seeing promising results with appraisal wells drilled on their acreage.
September 15, 2023, 12 AM MDT
Paramount Resources Ltd. has a long history in the Kaybob area.
September 14, 2023, 6 AM MDT
A flurry of M&A activity the last three years has shifted the landscape in the Duvernay shale play in west-central Alberta, with new technical teams re-evaluating the resource and building on past efforts to create updated development schemes to economically recover the massive resource in place.
September 13, 2023, 9:26 AM MDT
While some U.S. unconventional oil basins may be in their later innings, with many operators gradually exhausting their existing Tier 1 drilling inventories, that doesn’t mean there aren’t decades of future growth left in these plays, Devon Energy Corporation president and chief executive officer Rick Muncrief told analysts during the company’s second quarter 2023 conference call.
August 24, 2023, 12 AM MDT
Oil and gas operators are putting capital back into the U.S. Rockies region to consolidate assets in existing developments and to expand into new areas.
August 23, 2023, 12 AM MDT
Permian operators are drilling and completing longer laterals than ever before, while reporting continued productivity improvements on a well-by-well and asset wide basis.
August 22, 2023, 12 AM MDT
Almost a decade of work understanding the intricacies of shale reservoirs is paying dividends for Occidental Petroleum Corporation in improved recoveries, higher well productivity, and lower costs, company president and chief executive officer Vicki Hollub told analysts on the company’s second quarter 2023 conference call.
August 21, 2023, 12 AM MDT
Ovintiv Inc. president and chief executive officer Brendan McCracken said the company continues to evaluate and is “engaged in” all West Coast LNG projects that are under construction or pre-final investment decision.
August 1, 2023, 7:32 AM MDT
June 2, 2023, 9:34 AM MDT
The outlook for Lycos Energy Inc. remains unchanged at $37.0 million of exploration and development expenditures to achieve annual average production guidance of 3,000 boe/d with anticipated fourth quarter production rates of 4,000 boe/d.
May 26, 2023, 6 AM MDT
Less than two years since its inception after spinning-out from Perpetual Energy Inc., Clearwater-focused Rubellite Energy Inc. continues to quickly advance its asset base and increase output in the heavy oil play.
May 25, 2023, 6 AM MDT
As a pioneer and continued leader in the hot Clearwater heavy oil play, privately-held Spur Petroleum Ltd. continues to push the boundaries and has ambitious growth plans, says president and CEO Ian Currie.
May 23, 2023, 6:31 AM MDT
The symbiotic Clearwater heavy oil coupling of PrairieSky Royalty Ltd. and privately-held Spur Petroleum Ltd. continues to pay dividends, the top executives of both companies said during PrairieSky’s investor day in Toronto Wednesday.
May 18, 2023, 6 AM MDT
Trican Well Service Ltd. posted significantly improved results in the first quarter 2023 compared to Q1 2022, thanks to strong industry conditions and more moderate inflation rates that improved all major financial categories for the company.
May 16, 2023, 6 AM MDT
Crescent Point Energy Corp. plans to make hay with its acquisition of oil and liquids-rich Montney assets in Alberta from Spartan Delta Corp., which closed on May 10.
May 15, 2023, 8:19 AM MDT
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