The Canadian Association of Energy Contractors (CAOEC) released its 2023/24 Drilling and Service Rig Forecast and the 2023 State of the Industry Report.
November 24, 2023, 8:48 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 24, 2023 as reported this morning by Rig Locator.
November 24, 2023, 11:31 AM MST
Logan Energy Corp. has set a 2024 initial capital budget of $120 million. The budget is designed to deliver growth in Simonette, maintain production in Pouce Coupe and advance long term growth projects like Flatrock.
November 23, 2023, 12 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
U.S. rig count is up four from last week to 622 with oil rigs unchanged at 500, gas rigs up three to 117 and miscellaneous rigs up one to five.
November 23, 2023, 12 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
During the third quarter, Hemisphere Energy Corporation completed the majority of its planned 2023 capital expenditure program.
November 23, 2023, 12 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
Operators across Canada rig released 4,535 wells in the first 10 months of 2023, excluding experimental wells, a five per cent decrease from 4,757 wells drilled in the comparable period last year.
November 20, 2023, 12 AM MST
In Q3 2023, Coelacanth Energy Inc. continued with development of its Two Rivers project.
November 20, 2023, 12 AM MST
Resolute Resources Ltd. announced that the rig, Precision Drilling Rig #141, is being mobilized to the 14-19-83-23W5 drill pad this week.
November 20, 2023, 7:33 AM MST
Greenfire Resources Ltd. president and CEO Robert Logan says Q3 was a “transformative quarter” for the company, which is focused on the sustainable production and development of thermal energy resources in the Athabasca region of Alberta.
November 17, 2023, 7:34 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 17, 2023 as reported this morning by Rig Locator.
November 17, 2023, 11:39 AM MST
The U.S. rig count is up two from last week to 618 with oil rigs up six to 500, gas rigs down four to 114 and miscellaneous rigs unchanged at four.
November 17, 2023, 11:09 AM MST
Strathcona Resources Ltd. is making operational improvements across its Cold Lake and Lloydminster operations to lower costs and add incremental production in near term, executives said at the company’s first conference call since becoming a public company.
November 15, 2023, 8:30 AM MST
Operators across the country licensed 627 new wells in October, down slightly from 656 a year ago.
November 15, 2023, 12 AM MST
Pine Cliff Energy Ltd.’s third quarter drilling activity was limited to participating in one Ellerslie natural gas well (0.15 net) in its Edson area that came onstream at the end of October 2023.
November 15, 2023, 9:02 AM MST
As previously disclosed, Birchcliff Energy Ltd. has amassed a significant Montney land position in the Elmworth area of Alberta, which positions the company to continue to drive long-term shareholder value and provides it with a large potential future development area that can supply clean natural gas for many years to come.
November 14, 2023, 3:13 PM MST
Birchcliff Energy Ltd. is targeting F&D capital expenditures of $240 million to $260 million in 2024.
November 14, 2023, 3:03 PM MST
Cathedral Energy Services Ltd. says it sees a significant opportunity for margin expansion in its U.S. business as it deploys its own MWD technology to reduce its rental expenses.
November 14, 2023, 12 AM MST
Peyto Exploration & Development Corp. is already drilling on the Deep Basin assets acquired from Repsol in a C$638 million deal that closed less than a month ago, said company president and chief executive officer JP Lachance at its third quarter 2023 conference call.
November 10, 2023, 9:40 AM MST
Total production for Kiwetinohk Energy Corp. in the third quarter of 2023 averaged 21,218 boe/d, topping the same time last year by 28.7 per cent.
November 10, 2023, 12 AM MST
Headwater Exploration Inc. lifted its planned 2023 spending plan by $10 million from $225 million to $235 million.
November 10, 2023, 5:03 AM MST
Rubellite Energy Inc. expects to spend approximately $20 - $22 million in the fourth quarter of 2023 to drill, complete, equip and tie-in 11 (11.0 net) multi-lateral development infill and step-out wells at Figure Lake, unchanged from previous guidance.
November 10, 2023, 5:20 AM MST
Despite lower North American industry activity levels, market share gains resulting from equipment upgrades contributed to modestly higher third quarter results for Total Energy Services Inc. in 2023 as compared to 2022.
November 10, 2023, 6:22 AM MST
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