Perpetual Energy Inc. invested $9.1 million in exploration and development spending in Q1 to drill, complete, equip and tie-in a two (1.0 net) well pad at East Edson, targeting the Wilrich formation, and install related pipeline infrastructure.
May 5, 2023, 12 AM MDT
Canadian Natural Resources Limited delivered record natural gas production in the first quarter and boosted overall volumes to 1.32 million boe/d from 1.28 million boe/d during the comparable period in 2022, representing a three per cent year-over-year increase.
May 4, 2023, 10:32 AM MDT
Obsidian Energy Ltd. says its active first quarter 2023 capital development continued the momentum from its 2022 program, resulting in drilling results with strong initial production (IP) rates.
May 4, 2023, 7:18 AM MDT
In light of ongoing commodity price volatility, Gear Energy Ltd. has strategically reduced its planned 2023 capital expenditures by 12 per cent to $58 million.
May 4, 2023, 7:44 AM MDT
May 1, 2023, 12 AM MDT
TC Energy Corporation and the Pipeline and Hazardous Materials Safety Administration (PHMSA) received the independent, third-party Root Cause Failure Analysis (RCFA) for the Milepost 14 incident on the Cushing Extension of the Keystone Pipeline System.
April 21, 2023, 12:33 PM MDT
April 5, 2023, 7:27 AM MDT
The aftershock of Sunday’s OPEC+ announcement that it would further curtail crude output by more than one million bbls/d threw the oil market into unexpected upward flux Monday, as both West Texas Intermediate (WTI) and Brent gained more than six per cent on the news.
April 4, 2023, 11:03 AM MDT
The CanOils Consolidated Crude Index (CCI) that provides pricing information for Canadian crude will be discontinued on March 31, 2023.
March 31, 2023, 6 AM MDT
March 31, 2023, 7:32 AM MDT
The CanOils Consolidated Crude Index (CCI) that provides pricing information for Canadian crude will be discontinued on March 31, 2023.
March 30, 2023, 12 AM MDT
As the well count rises in the Clearwater heavy oil play in northern Alberta the long-term potential to increase and then maintain production for decades is becoming more apparent.
March 29, 2023, 6 AM MDT
Saskatchewan's oil well drilling and production continues to grow back to pre-pandemic levels, the government reported in its annual budget tabled this week.
March 24, 2023, 9:37 AM MDT
Oil prices need to rise substantially for North American operators to start exploring, drill lower quality resources and put money in longer cycle projects, the audience at the annual Society of Petroleum Engineers (SPE) Canadian Energy Technology Conference and Exhibition, heard.
March 21, 2023, 8:21 AM MDT
March 21, 2023, 7:29 AM MDT
March 20, 2023, 10:09 AM MDT
March 17, 2023, 11:10 AM MDT
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
The International Energy Agency (IEA) anticipates that western Canadian takeaway capacity will be sufficient until the Trans Mountain expansion comes online in early 2024.
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
Surge Energy Inc. increased adjusted funds flow (AFF) by over 190 per cent, from $100.4 million in 2021 to $293.6 million in 2022.
March 13, 2023, 12 AM MDT
Trans Mountain Corporation says its expansion project is close to 80 per cent complete, with mechanical completion expected to occur at the end of 2023, and the pipeline will be in-service in the first quarter of 2024.
March 10, 2023, 2:12 PM MST
Rubellite Energy Inc. is on track to spend a total of $17 - $20 million in Q1 2023 capital expenditure to drill, complete, equip and tie-in six (6.0 net) multi-lateral development/step-out wells at Figure Lake and the three (2.5 net) multi-lateral exploratory program which has already been completed.
March 10, 2023, 12 AM MST
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