Crescent Point Energy Corp. expects to generate annual average production of 198,000 to 206,000 boe/d (65 per cent oil and liquids) in 2024 based on development capital expenditures of $1.4 to $1.5 billion.
December 21, 2023, 7:48 AM MST
Crescent Point Energy Corp. has completed its acquisition of Hammerhead Energy Inc.
December 21, 2023, 7:34 AM MST
December 21, 2023, 10:10 AM MST
Athabasca Oil Corporation’s top executive says his company’s decision to enter into transaction agreements with Cenovus Energy Inc. to create Duvernay Energy Corporation represents a “tremendous opportunity” to further exploit the liquids-rich Duvernay play.
December 20, 2023, 5:17 AM MST
Duvernay Energy Corporation’s development plans will leverage off significant de-risking activity on its acreage (74 horizontal wells) and on adjacent competitor activity.
December 19, 2023, 3:32 PM MST
December 19, 2023, 9:33 AM MST
Imperial Oil Limited is forecasting 2024 capital spending $1.7 billion.
December 18, 2023, 3:20 PM MST
Canadian Natural Resources Limited’s capital expenditures will be weighted heavily towards drilling thermal development wells in the first half of 2024 that will be brought onstream in early 2025, Scott Stauth, chief operating officer for CNRL’s oilsands operations told analysts at the company’s 2024 budget conference call Wednesday.
December 14, 2023, 12:42 PM MST
The success applying multilateral wells in the Clearwater has operators utilizing the technology across the WCSB in medium and heavy oil formations to improve well productivity and enhance economic recoveries.
December 14, 2023, 12 AM MST
World oil demand is on track to rise 2.3 million bbls/d to 101.7 million bbls/d in 2023, reported the International Energy Agency (IEA), but this masks the impact of a further weakening of the macroeconomic climate.
December 14, 2023, 12 AM MST
In October, Canadian supply inched up by 10,000 bbls/d to 5.7 million bbls/d, following large upward revisions to Q3 2023 data.
December 14, 2023, 12 AM MST
Cenovus Energy Inc. expects to invest capital of between $4.5 billion and $5.0 billion in 2024.
December 14, 2023, 4:45 AM MST
Here’s some more detail on Cenovus Energy Inc.’s 2024 capital spending plan, which the company announced on Thursday.
December 14, 2023, 6:09 AM MST
Kiwetinohk Energy Corp. is planning to drill, complete, equip and tie-in (DCET) 15 wells, including 12 Duvernay and three Montney wells for a total estimated DCET expenditure of $250 - $265 million for 2024.
December 14, 2023, 8:12 AM MST
Bonterra Energy Corp.’s first Montney test well was drilled in Q3 2023 at 04-03-074-6W6 on the company’s block of 100 per cent owned lands covering 45 sections.
December 13, 2023, 7:02 AM MST
Bonterra Energy Corp. approved a capital expenditure range of $90 million to $100 million, fully funded by internally generated funds flow.
December 13, 2023, 7:28 AM MST
December 13, 2023, 10:01 AM MST
December 13, 2023, 12 AM MST
While Clearwater operators are building out future inventories and optimizing primary development programs, in the core Marten Hills and Nipisi areas they are also advancing waterflood strategies aimed at enhancing the overall economics and longevity of the play.
December 12, 2023, 6 AM MST
December 12, 2023, 12:32 PM MST
Low-cost multilateral wells with open hole completions are the driving force behind the rapid growth in Clearwater development, enabling operators to expose enough of the reservoir to deliver highly economic production.
December 11, 2023, 6 AM MST
December 8, 2023, 11:07 AM MST
The five largest Clearwater heavy oil producers are building out their land positions while testing the boundaries of existing pools and targeting multiple stacked zones in core areas of the play.
December 7, 2023, 6 AM MST
Baytex Energy Corp. announced a budget for 2024 exploration and development expenditures of $1.2 to $1.3 billion, which is designed to generate average annual production of 150,000 to 156,000 boe/d.
December 6, 2023, 5:19 AM MST
Tamarack Valley Energy Ltd.’s 2024 budget includes a “two phase” approach.
December 6, 2023, 5:39 AM MST
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