The cost to produce a boe for Tamarack Valley Energy Ltd. is declining.
February 28, 2024, 2:50 PM MST
Development activity has increased Obsidian Energy Ltd.’s current production to over 36,500 boe/d, based on field estimates.
February 28, 2024, 12 AM MST
February 28, 2024, 12 AM MST
Spartan Delta Corp. is reducing its 2024 forecast operating costs by nine per cent to $6.07/boe and reducing its capital expenditures, before A&D, by $5 million to $125 million, exclusive of Duvernay activity, while production guidance remains unchanged at 38,500 – 40,500 boe/d.
February 27, 2024, 12 AM MST
In 2023, Spartan Delta Corp. successfully executed a $295.0 million capital program focusing on continued development across multiple horizons in the Deep Basin and completed a pre-disposition development program of its Gold Creek and Karr assets located in the Montney.
February 27, 2024, 12 AM MST
February 27, 2024, 5:05 AM MST
Whitecap Resources Inc. says it is encouraged by strong initial results on the two most recent Montney pads at Kakwa, where the company has optimized its development strategy for dynamic reservoir and fluid properties in this localized area.
February 23, 2024, 12 AM MST
During the fourth quarter of 2023 and to date in 2024, Journey Energy Inc. has drilled 16.0 wells (13.1 net) in four of its core areas.
February 23, 2024, 5:58 AM MST
Suncor Energy Inc. achieved several quarterly production records, including record oilsands production, record gross production at Fort Hills and the second-highest quarterly upstream production in the company's history, Rich Kruger, president and CEO, said during a Q4 and year-end 2023 results conference call this morning.
February 22, 2024, 10:36 AM MST
Given the persistent and increasing weakness in U.S. natural gas prices, Chesapeake Energy Corporation is pulling in the reins on 2024 capital spending and drilling and completion activity, says the company’s top executive.
February 22, 2024, 12 AM MST
In response to lower forecasted natural gas prices, Kelt Exploration Ltd. has reduced its 2024 capital expenditure program to $325.0 million, down seven per cent from its previous budget of $350.0 million.
February 22, 2024, 5:56 AM MST
As Kelt Exploration Ltd. has entered various agreements that provide the company with the ability to increase its raw gas processing capacity over the next three years.
February 22, 2024, 5:48 AM MST
Diamondback Energy Inc. will maintain its Permian oil production in the 270,000 bbls/d range in 2024 in response to uncertain global demand, chief executive officer Travis Stice said in his quarterly letter to shareholders released prior to the company’s year-end conference call.
February 22, 2024, 8:55 AM MST
Obsidian Energy Ltd. had an active 2023 capital program with both development and exploration/appraisal activities, providing a solid foundation as it enters the first year of its three-year growth plan to increase production to over 50,000 boe/d in 2026.
February 22, 2024, 7:42 AM MST
Gear Energy Ltd. maintained its 2024 capital and abandonment expenditures at $57 million
February 22, 2024, 6 AM MST
Petrus Resources Ltd. plans 2024 capital spending of $40 million to $50 million, of which approximately 90 per cent will be allocated toward drilling new wells in its Ferrier and North Ferrier areas.
February 22, 2024, 12 AM MST
Whitecap Resources Inc.’s 2024 capital budget is now expected to be $900 million to $1.1 billion, which is about $100 million lower than originally budgeted, to partially offset the cost of a Viking acquisition the company closed in the fourth quarter.
February 21, 2024, 3:33 PM MST
Cenovus Energy Inc. says the pending startup of the Trans Mountain expansion project is eagerly awaited and will benefit the company, as well as the sector as a whole.
February 16, 2024, 6:03 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
Cenovus Energy Inc. achieved the second-highest quarterly production rates in its history as fourth quarter output averaged 808,600 boe/d in the fourth quarter, an increase of approximately 12,000 bbls/d from the third quarter and up slightly from 806,900 bbls/d in Q4 2022.
February 15, 2024, 10:59 AM MST
Global oil demand growth is “losing momentum,” reported the International Energy Agency (IEA) with annual gains easing from 2.8 million bbls/d in Q3 2023 to 1.8 million bbls/d in Q4.
February 15, 2024, 4:20 AM MST
Canadian output in January fell by an estimated 360,000 bbls/d to 5.9 million bbls/d, reported the International Energy Agency (IEA), as an Arctic freeze affected operations across Alberta.
February 15, 2024, 4:32 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
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