Darrell Stonehouse

Darrell is editor JWN's Intelligence Publications and covers the service and supply sector for the DOB. He joined the company in 1998 as editor of the Oil & Gas InquirerOil & Gas Quarterly and Alberta Construction Magazine. He later was editor of Oilweek magazine. His work has also appeared in many other business publications, including Financial Post MagazineAlberta Report, and a variety of agricultural publications.

  • Two Years After Launch Avatar Innovation Continues Connecting Puzzle Pieces Together To Drive Carbon Tech Development

    Avatar Innovations is expanding its financial capacities and growing its partnerships and geographical footprint in an effort to speed development and implementation of carbon tech in the oil and gas industry, the technology accelerator announced earlier this week at a press conference.

    December 2, 2022, 8:25 AM MST

  • Costs Climbing On Coastal GasLink: TC Energy

    A mix of a difficult construction conditions, environmental impediments, labour competition and contractor underperformance is driving up costs on the Coastal GasLink pipeline, a TC Energy Corporation executive said today at the company’s investor day in Toronto.

    November 29, 2022, 10:19 AM MST

  • Policy Changes Needed To Address Emissions, Leaders Tell CAOEC Audience

    The federal government needs to make significant changes to its emissions reduction plans if it hopes to engage the energy industry in reaching its climate change goals, two leaders from Canada’s energy industry said at the Canadian Association of Energy Contractors (CAOEC) 2023 State of the Industry forecast event in Calgary.

    November 25, 2022, 8:40 AM MST

  • Smith Fleshes Out Energy Agenda To CAOEC Audience

    Getting new pipelines to tidewater, rebuilding Alberta’s natural gas industry, and helping Indigenous communities raise their standard of living through resource development partnerships will drive the Alberta government’s energy agenda going forward, new Premier Danielle Smith told a packed house at the Canadian Association of Energy Contractors (CAOEC) 2023 State of the Industry forecast event in Calgary.

    November 24, 2022, 7:56 AM MST

  • Good Times Back For Energy Industry, But Path Ahead Uncertain: CAOEC Panel

    Western Canada’s oil and gas sector is back on solid footing as higher prices have allowed operators to repair balance sheets and invest in new production, a panel of industry leaders told the audience at the at the Canadian Association of Energy Contractors (CAOEC) 2023 State of the Industry forecast event in Calgary.

    November 24, 2022, 10:18 AM MST

  • Montney Completions Analysis: Plug & Perf Vs. Sliding Sleeve As Operators Seek Productivity Gains And Efficiency

    Leading Montney operators are using a mix of completion technologies including sliding sleeve, ball & seat and plug & perf systems to maximize production and efficiency.

    November 23, 2022, 9:30 AM MST

  • Enerflex Sees Opportunity In The Expanding Carbon Capture And Storage Market

    Enerflex Ltd. continues to expand its energy transition business, with around $100 million in carbon capture, use, and storage (CCUS) bookings during the third quarter of 2022.

    November 18, 2022, 7:35 AM MST

  • CES Energy Solutions In Harvest Mode

    CES Energy Solutions Corp. has successfully navigated through the wild volatility in oilfield services markets emerging from the pandemic and is now set to reap the rewards, company executives told analysts at its third quarter 2022 conference call.

    November 17, 2022, 8:24 AM MST

  • Deleveraging Balance Sheet And Integration Of Exterran Assets Short Term Focus At Enerflex

    Enerflex Ltd. will spend the next year repairing its balance sheet, integrating assets from its recent US$735 million acquisition of Houston-based competitor Exterran Corp. and completing three major infrastructure projects, president and chief executive officer Marc Rossiter told analysts at the company’s third quarter 2022 conference call.

    November 16, 2022, 10:48 AM MST

  • Tidewater Sees Gas-Processing Growth Ahead, Along With Potential Pipestone Plant Expansion

    Strong third quarter drilling activity surrounding Tidewater Midstream and Infrastructure Ltd.’s three gas processing facilities resulted in improved utilization across its Deep Basin and Montney operations, chief executive officer Joel MacLeod told analysts at the company’s 2022 third quarter conference call.

    November 15, 2022, 9:25 AM MST

  • Despite Construction Cost Inflation Margins Remain Solid At Tidewater Renewable Diesel Facility

    Construction costs for the new renewable diesel facility at Tidewater Midstream and Infrastructure Ltd.’s Prince George refinery are creeping up, but subsidiary Tidewater Renewables Ltd. doesn’t expect the cost inflation to materially impact profitability when the facility comes onstream in the first half of 2023, chief executive officer Joel MacLeod told analysts at the company’s third quarter conference call.

    November 14, 2022, 8:15 AM MST

  • Ovintiv Expects Cash Flow Windfall In 2023 As Hedges Roll Off

    Strong oil and gas prices heading into 2023, combined with disadvantaged hedges ending at year-end 2022, should result in Ovintiv Inc. enjoying a free cash flow windfall in 2023, executive VP and chief financial officer Corey Code told analysts at the company’s third quarter conference call Wednesday.

    November 9, 2022, 12:34 PM MST

  • Ovintiv Seeing Strong Operational Performance Across Assets

    Ovintiv Inc. is seeing improved operational results across all assets in its portfolio, executive VP and chief operating officer Greg Givens told analysts at its third quarter 2022 conference call.

    November 9, 2022, 2:54 PM MST

  • DOB Well Insights: Montney Gas Well Productivity Reaches New Heights

    Montney gas wells are reaching record levels of productivity as the formation continues to prove its dominance in western Canadian natural gas production.

    November 8, 2022, 10:30 AM MST

  • Pembina Pipeline Reloading Balance Sheet To Fund Growth Opportunities

    Pembina Pipeline Corporation plans on using any excess cash flow generated in the next year to reload its balance sheet in anticipation of funding a long list of potential growth opportunities worth up to $4 billion, company executives told analysts at its third quarter conference call.

    November 7, 2022, 12 AM MST

  • Higher B.C. Royalty Rates Take Bite Out Of Murphy Oil’s Montney Performance

    Murphy Oil Corporation saw a significant increase in production from its Montney assets in the Tupper area of northeast B.C. in the third quarter of 2022, but higher royalty rates resulted in the price equivalent of 3,000 boe/d taken out of production, said executive vice-president of operations Eric Hambly at the company’s third quarter conference call Thursday.

    November 3, 2022, 10:41 AM MDT

  • Massive U.S. Cleantech Funding Legislation Creates Challenges And Opportunities For Canada

    The $369 billion in tax credits and other incentives for clean energy investment and emissions reduction projects contained in the U.S. Inflation Reduction Act (IRA) presents a multitude of challenges for Canadian governments and industry in advancing its own plans, a group of panelists at PTAC’s Net Zero conference said.

    November 2, 2022, 12 AM MDT

  • Gibson Seeing Some Impacts From Cost Inflation, But Maintaining 2022-2023 Cash Allocation Plans

    While much of the Canadian oil and gas industry battles widespread cost inflation, in many cases resulting in budget increases, the impact on Gibson Energy Inc.’s financial performance and outlook has been more limited, senior VP and chief financial officer Sean Brown told analysts on the company’s third quarter 2022 conference call.

    November 2, 2022, 12 AM MDT

  • Potential Fleet Expansion And Tier 4 Engine Upgrades On Table At Calfrac

    Calfrac Well Services Ltd. could add additional fracturing spreads in North America in 2023 if strong market conditions continue, chief executive officer Pat Powell told analysts at the company’s third quarter conference call.

    November 2, 2022, 1:49 PM MDT

  • Gibson Energy Taking Measured Approach To Infrastructure Growth Opportunities

    Gibson Energy Inc. is looking to grow its core liquids infrastructure business and build out new energy transition operations as alternative fuel production expands, but any opportunities will have to fit within its current investment parameters, president and chief executive officer Steve Spaulding said at the company’s third quarter conference call Tuesday.

    November 1, 2022, 10:10 AM MDT

  • Increased Activity Drives Vastly Improved Service Rig Returns, Says Precision’s Neveu

    Workloads and revenues for service rigs are increasing as operators undertake delayed well maintenance work and asset retirement activity climbs, Precision Drilling Corporation president and chief executive officer Kevin Neveu told analysts at the company’s third quarter 2022 conference call.

    October 31, 2022, 7:48 AM MDT

  • AltaGas Taking Action To Improve LPG Export Margins

    High transportation costs, combined with weakness in butane prices, sunk AltaGas Ltd.’s midstream profitability in the third quarter of 2022.

    October 31, 2022, 6 AM MDT

  • High Specification Drilling Rigs Driving Increasing Day Rates, But Further Increases Needed: Precision’s Neveu

    Demand for high specification drilling rigs with well-trained crews and additional equipment capable of operating efficiently on multi-well pads is driving up day rates across North America, Precision Drilling Corporation president and CEO Kevin Neveu told analysts during the company’s third quarter conference call Thursday.

    October 28, 2022, 10:27 AM MDT

  • Debt Repayment Priority For Whitecap Free Cash Flow, Then Dividends And Share Buybacks

    Whitecap Resources Inc. will spend its growing free cash flow on reducing its debt load to sustainable levels before returning capital to shareholders through increased dividends and share buybacks, president and chief executive officer Grant Fagerheim told analysts at the company’s third quarter conference call Thursday.

    October 28, 2022, 7:26 AM MDT

  • Commodity Prices Will Dictate Whitecap Development Plans

    With the recent acquisitions of Kicking Horse Oil & Gas and XTO Energy Canada, Whitecap Resources Inc. has a wealth of unconventional resource development opportunities in both the Montney and Duvernay plays to augment its legacy light oil operations in Alberta and Saskatchewan.

    October 27, 2022, 1:48 PM MDT

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.