Hemisphere Energy Corporation purchased mineral rights in a Saskatchewan oil resource play during the year, and kicked off the first quarter of 2024 by successfully drilling a five-well pad (three producers and two injectors) into the pool.
April 18, 2024, 12 AM MDT
Coelacanth Energy Inc. reported that Q4 2023 was a busy and productive quarter in furthering its Two Rivers Montney project that spans over 150 contiguous sections of land.
April 18, 2024, 6:58 AM MDT
Lycos Energy Inc. reported a 100 per cent drilling success rate on its multi-lateral/fishbone, Mannville heavy oil drilling program.
April 18, 2024, 7:05 AM MDT
With the recent stability of WTI pricing, ROK Resources Inc. anticipates starting its drilling program after spring breakup in late Q2 2024.
April 18, 2024, 7:12 AM MDT
A combination of infill drilling and refracks in developed areas and longer laterals and increased fracturing intensity in Tier 2 locations is keeping oil production steady in the Eagle Ford shale play in Texas as it matures, according to larger operators active in the play.
April 17, 2024, 6 AM MDT
April 16, 2024, 9:10 AM MDT
World oil demand growth continues to lose momentum, according to the International Energy Agency (IEA), with first quarter 2024 growth of 1.6 million bbls/d, 120,000 bbls/d below the previous forecast due to “exceptionally weak OECD deliveries,” it noted in its April oil report.
April 12, 2024, 4:37 AM MDT
For 2024, Canadian oil supply is forecast to grow by 150,000 bbls/d to an annual high of 6 million bbls/d.
April 12, 2024, 4:49 AM MDT
April 12, 2024, 12 AM MDT
April 12, 2024, 5:56 AM MDT
April 10, 2024, 5:38 AM MDT
April 10, 2024, 12 AM MDT
April 10, 2024, 12 AM MDT
April 9, 2024, 12 AM MDT
April 9, 2024, 12 AM MDT
Headwater Exploration Inc. reported first quarter average production volumes of approximately 19,500 boe/d, which are in line with guidance and on trend to meet previously announced annualized production guidance of 20,000 boe/d.
April 5, 2024, 12 AM MDT
Saskatchewan is introducing a new multilateral well drilling program, and Lycos Energy Inc. likes what it sees.
April 4, 2024, 12 AM MDT
April 3, 2024, 10:45 AM MDT
April 1, 2024, 10:31 AM MDT
Strathcona Resources Inc.’s anticipated 2024 capital budget of $1.3 billion continues to progress as planned though the company has deferred some activity due to weak natural gas prices.
March 27, 2024, 10:54 AM MDT
Petrus Resources Ltd.’s total average annual production increased by 35 per cent to 10,301 boe/d in 2023, compared to 7,604 boe/d in 2022, in line with 2023 production guidance.
March 27, 2024, 6:01 AM MDT
Perpetual Energy Inc.’s production guidance is between 4,300 and 4,600 boe/d, with capital spending of $1.0 million.
March 26, 2024, 12 AM MDT
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.’s low decline Saskatchewan oil assets are expected to deliver 53 per cent of corporate excess cash flow in 2024, despite representing only 27 per cent of the company’s production mix, chief operating officer Ryan Gritzfeldt said at its recent analyst day.
March 25, 2024, 8:34 AM MDT
March 25, 2024, 12 AM MDT
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