Modern drilling and completions technologies have lifted the fortunes of Kaybob Duvernay operators, resulting in much higher activity and production.
March 25, 2024, 12 AM MDT
Crescent Point Energy Corp. is seeing productivity improvements using its own well construction designs on new pads drilled across its recently acquired Montney lands, its technical team told analysts at the company’s investor day on Tuesday.
March 22, 2024, 9:02 AM MDT
Logan Energy Corp. successfully executed on its exploration and development capital expenditure program spending $74.1 million during the second half of 2023, in line with budgeted capital expenditures before A&D of $75.0 million for the period.
March 21, 2024, 12 AM MDT
InPlay Oil Corp. reported record quarterly light oil production of 4,142 bbl/d and increased its light oil and NGLs weighting to 59 per cent in the fourth quarter of 2023.
March 19, 2024, 12 AM MDT
March 19, 2024, 6:05 AM MDT
Tidewater Midstream and Infrastructure Ltd. is cleaning up its balance sheet after the sale of its Pipestone gas plant and related infrastructure to AltaGas Ltd. that closed in late 2023.
March 14, 2024, 10:07 AM MDT
Construction of Vermilion Energy Inc.’s 16,000 boe/d Mica Montney battery is progressing as planned and remains on schedule for a mid-year start-up, the company noted in Q4 and year-end results.
March 13, 2024, 6 AM MDT
With approximately 70 per cent of its production hedged at almost $4/mcf and some of the lowest costs in the industry, Peyto Exploration & Development Corp. has no current plans to cut its 2024 capital spending like other gas focused operators.
March 12, 2024, 12 AM MDT
Tourmaline Oil Corp. reported proved, developed producing (PDP) reserves of 1.20 billion boe at year-end 2023, up slightly over 39 per cent after accounting for 2023 annual production of 189.9 million boe.
March 12, 2024, 12 AM MDT
AltaGas Ltd.’s top executive says the fundamentals for the company’s Canadian midstream business remain “compelling” despite the current weakness in natural gas prices.
March 11, 2024, 6:18 AM MDT
Five months after closing its $699 million acquisition of Repsol Canada’s Deep Basin assets, Peyto Exploration & Development Corp. is busy drilling across the 455,000 net acres acquired in the deal, company president and chief executive officer JP Lachance told analysts at its 2023 fourth quarter and year-end conference call.
March 11, 2024, 9:49 AM MDT
Although the fourth quarter is a seasonally low quarter for exports, AltaGas Ltd. says liquefied petroleum gas (LPG) volumes shipped were below internal expectations due to delayed ship arrivals at its terminals in December, which were loaded in the first quarter of 2024.
March 8, 2024, 11:09 AM MST
While fourth quarter of 2023 production at Kiwetinohk Energy Corp. was flat year-over-year, it was a banner year overall for output.
March 8, 2024, 12 AM MST
Peyto Exploration & Development Corp. reported funds flow from operations of $670 million in 2023, the third highest in company history.
March 8, 2024, 9:39 AM MST
Crew Energy Inc. reported production of 30,178 boe/d in 2023, down slightly from 33,277 boe/d the previous year.
March 8, 2024, 4:59 AM MST
Kelt Exploration Ltd.’s average production for the three months ended Dec. 31, 2023 was 32,344 boe/d, up 15 per cent compared to average production of 28,036 during the fourth quarter of 2022.
March 8, 2024, 12 AM MST
The Canada Energy Regulator (CER) has approved the Inuvialuit Energy Security Project (IESP) Energy Centre with 20 conditions.
March 8, 2024, 12 AM MST
Increased well productivity, combined with gas market diversification, helped Tourmaline Oil Corp. deliver net earnings of slightly under $1.74 billion in 2023, despite low gas prices throughout the year.
March 7, 2024, 7:34 AM MST
Coelacanth Energy Inc. outlined a capital budget of up to $128 million to be invested in 2024 and Q1 2025.
March 7, 2024, 12 AM MST
Yangarra Resources Ltd. continues to refine its drilling approach resulting in a dramatic reduction in drilling times and drilling costs.
March 7, 2024, 5:12 AM MST
Paramount Resources Ltd. has shut-in dry gas production due to lower natural gas prices.
March 6, 2024, 7:29 AM MST
Tourmaline Oil Corp. is cutting forecast capital spending from $2.35 billion to $2.13 billion in 2024 due to current low natural gas prices, the company said in its year-end 2023 earnings report.
March 6, 2024, 3:31 PM MST
Michael Belenkie, president and CEO of Advantage Energy Ltd., called the company’s 2023 results “exceptional” citing record production, record well results, and continued significant share buybacks, with the year ending well below the company’s net debt target.
March 6, 2024, 6 AM MST
Paramount Resources Ltd. reported record annual sales volumes of 96,393 boe/d (46 per cent liquids) in 2023.
March 6, 2024, 7:43 AM MST
During the year, operators spud 577 gross wells (21.5 net) across Topaz Energy Corp.'s royalty acreage, a two per cent increase from 2022, which represents approximately 14 per cent of the 2023 total rig releases across the WCSB.
March 4, 2024, 3:11 PM MST
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