Technology

Technology Add-Ons, Performance-Based Contracts, Boosting Drilling Contractor Margins

Demand for high tech add-ons that improve drilling performance or help meet environmental concerns is paying off in increased margins for drilling contractors, company executives said in their year-end earnings calls.

April 5, 2024, 6:57 AM MDT


Lycos Energy Touts Saskatchewan’s Planned Multilateral Drilling Program

Saskatchewan is introducing a new multilateral well drilling program, and Lycos Energy Inc. likes what it sees.

April 4, 2024, 12 AM MDT


Maturing Shale Plays Will Increase Demand For Well Stimulations

As U.S. shale plays continue maturing, operators will need to drill and complete more and bigger wells just to keep production flat in the face of high decline rates, creating a growing well servicing market, company executives said in the year-end earnings calls.

April 3, 2024, 12 AM MDT


Calgary’s Rokk, Northern Smilodon In Agreement On Drilling And Completion System

Rokk Energy Technologies and Northern Smilodon Energy Inc. have entered into a strategic relationship that is focused on the commercial application of Rokk's Pad-Free advanced drilling and completion system.

March 25, 2024, 10:50 AM MDT


Saskatchewan Assets Remain A Cash Flow Generating Machine For Crescent Point

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


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