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.

  • Finding Middle Ground Critical To Ending Energy Poverty While Cutting Emissions, CEEA Event Hears

    The global energy industry needs to set aside its differences, agree on the facts surrounding energy system choices and their environmental impacts, and then work together to alleviate energy poverty while reducing emissions, University of Texas at Austin professor Scott Tinker said at the Canadian Energy Executive Association’s (CEEA) mid-year update last week in Calgary. 

    April 8, 2024, 8 AM MDT

  • Political Winds Shifting On Energy And Environment, Says Former CAPP President

    After nearly a decade of focusing almost entirely on transitioning away from oil and gas use to combat climate change, the Canadian public and many politicians are now putting a priority on affordability and reliability of energy supplies.

    April 5, 2024, 8:42 AM MDT

  • 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

  • Carbon Management Critical To Continued Petrochemical Growth, Say Industry Leaders

    Canada’s petrochemical sector has made progress cutting emissions but needs to continue investing in carbon management technologies to meet customer expectations, a panel of industry leaders said at the PetroChem Canada West conference on Monday.

    April 4, 2024, 8:46 AM MDT

  • Puzzle Pieces In Place For Major Petrochemical Expansion In Alberta, Says Premier

    Alberta has the resources, infrastructure, and fiscal incentives in place to aggressively grow its chemical and petrochemical manufacturing sector by 50 per cent from $20 billion to $30 billion annually, Premier Danielle Smith said at the PetroChem Canada West conference.

    April 3, 2024, 8:46 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

  • North American Rig Fleet Turning Over As High Spec Rigs Dominate Utilization

    With drilling activity slowing across North America the rig market is stratifying with high specification rigs remaining in high demand, while older less sophisticated rigs get stacked or decommissioned, drilling contractors reported in their year-end conference calls.

    April 2, 2024, 12 AM MDT

  • U.S. Pressure Pumpers Could Face Market Share Battle

    U.S. pressure pumpers are expecting a flat market in 2024, but at least one company plans to add spreads this year, which could end the pricing discipline that allowed the sector to recover from years of difficult financial and operating conditions.

    April 1, 2024, 9:44 AM MDT

  • Oil And Gas Operators Need To Prepare For New Sustainability Disclosure Rules, Says GLJ CFO

    While Canada’s first proposed mandatory sustainability disclosure standards are still out for final consultation, the current draft of the standards provides some guidance for public companies to begin thinking about how they will adopt the reporting changes, a Canadian Society for Evolving Energy (CSEE) lunch event heard this week.

    March 28, 2024, 9:22 AM MDT

  • Kaybob Duvernay Taking Flight, Says Crescent Point

    Modern drilling and completions technologies have lifted the fortunes of Kaybob Duvernay operators, resulting in much higher activity and production.

    March 25, 2024, 12 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

  • New Montney Assets Proving Productive For Crescent Point

    Crescent Point Energy Corp. is seeing productivity improvements using its own well construction designs on new pads drilled across its recently acquired Montney lands, its technical team told analysts at the company’s investor day on Tuesday.

    March 22, 2024, 9:02 AM MDT

  • E-Fracks Gaining Market Share As U.S. Pressure Pumping Fleet Turns Over

    U.S. well servicing companies are rapidly retiring aging frack spreads and replacing them with state-of-the-art technologies designed to meet customer demand for increased fuel efficiency and lower emissions.

    March 22, 2024, 12 AM MDT

  • New Name, New 10-Year Organic Growth Plan For Crescent Point Energy

    A flurry of acquisitions the last three years has repositioned Crescent Point Energy Corp. as a major asset holder in the Duvernay and Montney resources plays.

    March 21, 2024, 12 AM MDT

  • New Management Team Shifts Course At Tidewater Midstream

    With the proceeds of its sale of its Pipestone facilities to AltaGas Ltd. putting Tidewater Midstream and Infrastructure Ltd. on firmer financial footing, improving efficiency and utilization at its remaining Deep Basin infrastructure will be the major focus for the company’s new executive management team in 2024.

    March 15, 2024, 9:26 AM MDT

  • Peyto Not Planning Cuts To 2024 Capital Budget: CEO

    With approximately 70 per cent of its production hedged at almost $4/mcf and some of the lowest costs in the industry, Peyto Exploration & Development Corp. has no current plans to cut its 2024 capital spending like other gas focused operators.

    March 12, 2024, 12 AM MDT

  • Tourmaline Continues Turning Massive Resource Into Reserves

    Tourmaline Oil Corp. reported proved, developed producing (PDP) reserves of 1.20 billion boe at year-end 2023, up slightly over 39 per cent after accounting for 2023 annual production of 189.9 million boe.

    March 12, 2024, 12 AM MDT

  • Peyto Making Progress On Integrating Repsol Deep Basin Assets

    Five months after closing its $699 million acquisition of Repsol Canada’s Deep Basin assets, Peyto Exploration & Development Corp. is busy drilling across the 455,000 net acres acquired in the deal, company president and chief executive officer JP Lachance told analysts at its 2023 fourth quarter and year-end conference call.

    March 11, 2024, 9:49 AM MDT

  • Tourmaline Remains Bullish On 2025 Canadian Gas Prices

    While Tourmaline Oil Corp. is cutting its capital expenditures in 2024 and expects to keep natural gas production flat in response to low prices, it remains bullish the pull on natural gas from the startup of LNG Canada in 2025 will push prices higher.

    March 7, 2024, 12:31 PM MST

  • Ovintiv Pushes Permian Efficiency Through Drilling And Completions Advances

    Ovintiv Inc. continues finding ways to get more for less out of its Permian assets, reporting an 18 per cent improvement in capital efficiency over its original 2023 guidance, chief operating officer Greg Givens told analysts at the company’s year-end conference call. 

    March 7, 2024, 12 AM MST

  • Cenovus Advances Emissions Reduction Efforts While Awaiting Pathways Decision

    Cenovus Energy Inc. is making progress driving down emissions at its integrated oilsands operations, according to a company executive.

    March 6, 2024, 7:55 AM MST

  • New U.S. Methane Rule Will Shut In Low Volume Wells, Says Devon Chief Executive

    The U.S. federal government’s new methane emissions reduction rule will result in operators shutting in low volume wells rather than investing in upgrades or paying penalty fees, Devon Energy Corporation president and chief executive officer Rick Muncrief told analysts at the company’s year-end conference call.

    March 6, 2024, 8:53 AM MST

  • U.S. Gas Operators Expect Big Demand Uplift To Improve Pricing The Remainder Of Decade

    U.S. natural gas producers are looking ahead to a major demand boost the remainder of the decade they hope will return prices to more sustainable levels and allow them to boost production.

    March 6, 2024, 12 AM MST

  • U.S. Independents Taking Action To Survive Lower Natural Gas Prices

    U.S. natural gas operators are acting to protect balance sheets and manage cash flows as the gas price collapse that began in 2023 extends into 2024.

    March 5, 2024, 7:01 AM MST

  • No Acquisitions In 2024 Planned For Crescent Point. Here Are Its Priorities.

    After a series of “transformational acquisitions” the last three years adding assets in the Duvernay and Montney resource plays, Crescent Point Energy Corp. is shifting its capital allocation.

    March 4, 2024, 12 AM MST

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