Canadian oil output is estimated to have fallen by only 120,000 bbls/d month-on-month in June, despite extensive reported maintenance and an outage at the Syncrude upgrader, according to the International Energy Agency (IEA) in its monthly report on the oil market released this morning.
August 10, 2018, 2:40 AM MDT
The Alberta Energy Regulator (AER) has limited legislated authority to oversee corporate transactions, according to its CEO, who issued a statement outlining gaps in the bankruptcy of Sequoia Resources Corp. and the transfer of assets involving Perpetual Energy Inc.
August 10, 2018, 8:34 AM MDT
Cenovus Energy Inc. and one of its subsidiaries have entered into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alberta for cash proceeds of $625 million.
August 10, 2018, 2:49 AM MDT
Inter Pipeline Ltd.’s top executive says civil construction and fabrication activities at the $3.5 billion Heartland Petrochemical Complex advanced considerably during the second quarter.
August 10, 2018, 10:38 AM MDT
Subsequent to the second quarter, Inter Pipeline Ltd.'s board of directors approved an $82 million expansion of the Stettler Crude Oil Terminal to service growing light oil production from the East Duvernay basin.
August 10, 2018, 10:45 AM MDT
Total Energy Services Inc.’s board approved an increase to the company’s 2018 capital expenditure budget to $54 million, which will be directed at the U.S. — the lion’s share of a previous increase was also directed at areas outside of Canada, also mainly south of the border.
August 10, 2018, 11:39 AM MDT
Enerplus Corporation has boosted its 2018 capital guidance to $585 million, which was the top range of the previous guidance of $535-$585 million, largely related to increased non-operated activity.
August 10, 2018, 11:09 AM MDT
August 10, 2018, 6:40 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of Aug. 10, 2018, as reported this morning by Rig Locator.
August 10, 2018, 11:46 AM MDT
The U.S. rig count is up 13 rigs from last week to 1,057, with oil rigs up 10 to 869, gas rigs up three to 186, and miscellaneous rigs unchanged at two.
August 10, 2018, 11:49 AM MDT
August 10, 2018, 3:30 AM MDT
Pine Cliff Energy Ltd. noted that AECO gas prices have improved in Q3 from Q2, “but are still not at levels we think will justify producers drilling for dry natural gas in Western Canada.”
August 10, 2018, 12 AM MDT
Altura Energy Inc.’s second quarter production decreased to 991 boe/d from 1,205 boe/d during the comparable period in 2017.
August 10, 2018, 4:07 AM MDT
Tamarack Valley Energy Ltd.’s strong operational execution provides flexibility to allocate capital to projects such as the Veteran waterflood in the latter half of 2018 that will benefit Tamarack into 2019 and 2020 through lower production decline rates without impacting the current year's volumes.
August 10, 2018, 5:48 AM MDT
InPlay Oil Corp.’s capital program of $12.3 million in the second quarter of 2018 was comprised of several exploration, development and land acquisition activities.
August 10, 2018, 6:08 AM MDT
Tidewater Midstream and Infrastructure Ltd.’s second quarter cash improved to $17.42 million from $12.03 million during the second quarter of 2017.
August 10, 2018, 2:48 AM MDT
High Arctic Energy Services Inc. has agreed to terms with Oil Search Limited for a three year contract renewal for its primary contracts in Papua New Guinea (PNG) covering the Drilling Rigs 103 and 104 and the drilling support services related to the supply of personnel and rental equipment to support the related drilling operations.
August 10, 2018, 2:48 AM MDT
With the continued uncertainty surrounding differentials, Granite Oil Corp. is forecasting a budget ranging from 1,900 to 2,100 bbls/d of oil production for the second half of 2018, with capital spending of approximately $1.5 to $3.5 million.
August 10, 2018, 7:01 AM MDT
Devon Griffiths has been promoted to chief operating officer of Granite Oil Corp.
August 10, 2018, 6:48 AM MDT
Production averaged 5,146 boe/d in the second quarter and 4,879 boe/d for the first six months of 2018 for Prairie Provident Resources Inc., with a 70 per cent liquids weighting in both periods, demonstrating the success of PPR’s strategy to focus on oil and natural gas liquids (NGL) opportunities.
August 10, 2018, 7:58 AM MDT
Petrus Resources Ltd. says its focus for the second half of 2018 is to prioritize light oil drilling opportunities in its core area of Ferrier, Alta., as a result of the current commodity price environment for natural gas.
August 10, 2018, 9:43 AM MDT
August 10, 2018, 3:35 AM MDT
August 10, 2018, 3:40 AM MDT
Enerflex Ltd. reported a 28 per cent drop in Q2 revenue to $404.8 million, while for the six-month period, revenue climbed 2.3 per cent to $790.6 million.
August 10, 2018, 8:16 AM MDT
August 10, 2018, 6:21 AM MDT
August 10, 2018, 6:31 AM MDT
August 10, 2018, 6:43 AM MDT
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