The U.S. rig count is down two from last week to 621 with oil rigs down two to 497, gas rigs unchanged at 121 and miscellaneous rigs unchanged at three.
February 16, 2024, 11:12 AM MST
Peyto Exploration & Development Corp. delivered strong reserves growth across all categories in 2023 from its successful drilling program and the strategic acquisition of Repsol Canada Energy Partnership.
February 16, 2024, 6:28 AM MST
Birchcliff Energy Ltd.’s F&D capital expenditures were $304.6 million in 2023, including $58.2 million in the fourth quarter.
February 15, 2024, 6:40 AM MST
Birchcliff Energy Ltd. reported flat production in 2023, but low natural gas prices negatively impacted financial performance.
February 15, 2024, 6:44 AM MST
ConocoPhillips’s top management justified various 2024 strategies during its Q4 conference call by stating the condition for modest growth will be met through staying “steady, stable, and focused on efficiency.”
February 14, 2024, 12 AM MST
Bonterra Energy Corp. has continued to advance development of its significant Montney discovery at Valhalla following the drilling of first test well in Q3 2023 at 04-03-074-6W6, located on a block of 100 per cent owned lands covering 45 sections.
February 14, 2024, 5:39 AM MST
PrairieSky Royalty Ltd. expects that with incremental Duvernay leasing it will see long-term light oil royalty production growth to “complement the increase” in heavy oil from the company’s Clearwater and Mannville Stack oil plays, says Andrew Phillips, president and CEO.
February 13, 2024, 8:24 AM MST
Cardinal Energy Ltd. has entered into an agreement for the engineering, fabrication and field construction of the central processing facility at its Reford thermal project in Saskatchewan, including the first SAGD well pad.
February 13, 2024, 12 AM MST
February 13, 2024, 12 AM MST
Operators across Canada licensed 721 wells in January, down from 833 a year ago, as a decline in permitting in Alberta offset slight increases in Saskatchewan and Manitoba counts.
February 9, 2024, 12 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 9, 2024 as reported this morning by Rig Locator.
February 9, 2024, 11:37 AM MST
The U.S. rig count is up four from last week to 623 with oil rigs unchanged at 499, gas rigs up four to 121 and miscellaneous rigs unchanged at three.
February 9, 2024, 11:15 AM MST
Precision Drilling Corporation announced strong financial and operations results, with expectations of continued growth for 2024.
February 9, 2024, 12 AM MST
ARC Resources Ltd. generated record annual production in 2023 averaging 351,954 boe/d in 2023, up from 345,613 boe/d in 2022.
February 9, 2024, 7:45 AM MST
Crew Energy Inc.’s approved 2024 budget includes net capital expenditures of $165 to $185 million and incorporates a conservative drilling and completions program as well as $60 to $70 million in strategic electrification and infrastructure expansion projects.
February 9, 2024, 6 AM MST
Precision Drilling Corporation’s president and CEO Kevin Neveu said during its fourth quarter 2023 investor’s phone-in on Tuesday that the company had commissioned its 30th Super Triple rig upgrade in Canada earlier this quarter.
February 7, 2024, 6:51 AM MST
During Precision Drilling Corporation’s Q4 2023 results call-in, president and CEO Kevin Neveu gave an overview of how he saw Canadian drilling and well services responding to developing Canadian oil and gas market needs, with a strong operational and financial performance throughout 2023 continuing momentum into 2024.
February 7, 2024, 1:56 PM MST
With commodities prices currently testing bottom-decile levels due to North American supply growth and an exceptionally warm winter, Advantage Energy Ltd. is pursuing meaningful reductions to its capital program.
February 7, 2024, 12 AM MST
Athabasca Oil Corporation has closed its agreements with Cenovus Energy Inc. to create Duvernay Energy Corporation.
February 7, 2024, 7:27 AM MST
Precision Drilling Corporation has set 2024 capital spending at $195 million.
February 6, 2024, 12 AM MST
Saturn Oil & Gas Inc. outlined a fully funded development capital budget of approximately $146 million, representing 47 per cent of midpoint expected 2024 adjusted funds flow, which will be directed towards the company's deep portfolio of light oil weighted development opportunities in Saskatchewan and Alberta.
February 6, 2024, 8:04 AM MST
Highwood Asset Management Ltd. provided an operational update, including a 1,000 bbl/d light oil well with its inaugural stage frack wells at Wilson Creek, and to reiterate its 2024 guidance.
February 6, 2024, 6 AM MST
Canadian operators drilled 3,724 oil and bitumen wells in 2023, down 10 per cent from 4,152 wells in 2022 as activity declined as prices retreated from 2022 highs driven by the conflict in Ukraine.
February 5, 2024, 6 AM MST
Precision Drilling Corporation was the top drilling contractor during 2023, based on wells rig released and meterage, followed by Ensign Drilling Inc.
February 2, 2024, 12 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 2, 2024 as reported this morning by Rig Locator.
February 2, 2024, 11:35 AM MST
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