Peyto Exploration & Development Corp. is adding to its drilling inventory through successfully targeting underdeveloped channels in the Falher formation across its land base, Riley Frame, VP of engineering, told analysts and shareholders at the company’s second quarter 2023 conference call.
August 10, 2023, 10:27 AM MDT
Large scale infrastructure investments are relieving the transportation bottlenecks that have curtailed growth in Canada’s oil and gas sector for the last decade, providing opportunity for operators to grow production out of western Canada.
August 10, 2023, 7:52 AM MDT
Canada’s publicly traded oil and gas operators reported major increases in revenues, operating cash flows, and free cash flows in 2022 as global supply concerns drove commodity prices skyward.
August 9, 2023, 9:05 AM MDT
Canada’s oil and gas operators are facing a laundry list of competing priorities from major stakeholders as the industry recovers from a difficult decade..
August 8, 2023, 6:41 AM MDT
Whitecap Resources Inc. expects to ramp up activity in its Montney and Duvernay resource play assets over the next five years as it raises overall production to 200,000 boe/d, company president and chief executive officer Grant Fagerheim told analysts at its 2023 second quarter conference call.
July 27, 2023, 10:41 AM MDT
British Columbia will surpass Alberta to become the country’s biggest natural gas producing province by 2031, according to data contained in the Canada Energy Regulator’s (CER) Canada’s Energy Futures 2023 report.
July 26, 2023, 12 AM MDT
Crescent Point Energy Corp. has turned its technical team loose on the Gold Creek Montney assets acquired from Spartan Delta Corp. earlier this year and is already seeing positive trends in well costs and incremental productivity increases, chief operating officer Ryan Gritzfeldt told analysts at the company’s second quarter 2023 conference call Wednesday morning.
July 26, 2023, 1:34 PM MDT
Canada’s top oil and gas operators saw wild swings in commodity prices the last five years.
July 24, 2023, 6 AM MDT
Large scale infrastructure investments are relieving the transportation bottlenecks that have curtailed growth in Canada’s oil and gas sector for the last decade, providing opportunity for operators to grow production out of western Canada.
July 21, 2023, 6 AM MDT
Canada’s publicly traded oil and gas operators reported major increases in revenues, operating cash flows, and free cash flows in 2022 as global supply concerns drove commodity prices skyward.
July 20, 2023, 4:59 AM MDT
Alberta oilsands production is set to expand by as much as 700,000 bbls/d in the next decade, according to the most optimistic of four recently released outlooks for the sector.
July 19, 2023, 12 AM MDT
TC Energy Corporation has the core assets in place to help lead the energy transition across North America but will only invest in projects that meet its risk tolerance levels while providing long-term sustainable returns, executives said at the company’s Sustainable Energy Forum on Tuesday.
June 21, 2023, 7:51 AM MDT
ConocoPhillips Canada’s recent decision to acquire the remaining 50 per cent share of its Surmont SAGD development, along with its announcement it was ramping up development in the Montney, were driven by low supply costs and the relative political stability of Canada, said president Bijan Agarwal at the Global Energy Show in Calgary.
June 19, 2023, 9:44 AM MDT
Peyto Exploration & Development Corp. plans to expand its extended-reach horizontal drilling program in the Deep Basin to new targets in 2023 as the company continues to focus on managing costs and improving well productivity, president and chief executive officer JP Lachance said at its annual meeting last week.
June 19, 2023, 7:53 AM MDT
Murphy Oil Corporation has seen positive results refracturing two older wells in the Karnes area of the Eagle Ford shale play and could launch a standalone refracturing program to extend production and increase ultimate recoveries, said Eric Hambly, executive VP of operations, during the company’s 2023 first quarter conference call.
May 15, 2023, 9:09 AM MDT
While still in early development phase, Ovintiv Inc. is seeing strong results from its drilling program in the Uinta Basin in Utah, executive VP and chief operating officer Greg Givens told analysts at the company’s first quarter 2023 conference call.
May 15, 2023, 12 AM MDT
Total Energy Services Inc.’ growth in U.S. markets continued in the first quarter of 2023, with revenues from south of the border outpacing Canadian operations, VP of finance and chief financial officer Yuliya Gorbach told analysts at the company’s 2023 first quarter results conference call.
May 15, 2023, 12 AM MDT
STEP Energy Services Ltd. expects North American pressure pumping activity to slightly increase in the remainder of 2023 and then pick up the pace in 2024 as operators invest in new production in anticipation of LNG exports, company president and chief executive officer Steve Glanville told analysts at the company’s first quarter conference call.
May 12, 2023, 12 AM MDT
Nearly a decade after entering the Permian Basin, Ovintiv Inc. continues to find ways to improve well productivity and oil recovery, executive VP and chief operating officer Greg Givens told analysts at the company’s first quarter conference call.
May 12, 2023, 10:23 AM MDT
Global oil demand returned to pre-pandemic levels in 2022, pushing prices higher as oil importers scrambled to secure supply.
May 11, 2023, 8:38 AM MDT
Gas-weighted North American operators faced extreme price volatility in 2022. Panic over gas shortages in Europe leading into winter due to the war in Ukraine drove North American natural gas prices to levels not seen since the early 2000s.
May 10, 2023, 7:02 AM MDT
Growing production continues to be a top priority for NuVista Energy Ltd. as the company builds towards reaching its 100,000 boe/d of sustainable production target for its Montney assets at Wapiti and Pipestone, company president and chief executive officer Jonathan Wright told shareholders at NuVista’s annual general meeting this week in Calgary.
May 10, 2023, 3:24 PM MDT
Higher commodity prices in 2022 resulted in a major jump in operating cash flow and free cash flow for North American exploration and production companies, according to Evaluate Energy analysis of 88 North American operators with production over 5,000 boe/d.
May 9, 2023, 6 AM MDT
ARC Resources Ltd.’s Attachie assets in northeast B.C. have the potential to grow to the size of its Kakwa condensate-rich assets in Alberta, which currently account for more than half the company’s almost 340,000 boe/d of production, president and chief executive officer Terry Anderson told analysts at ARC’s first quarter conference call.
May 5, 2023, 10:10 AM MDT
The Charlie Lake resource play northwest of Grande Prairie is often touted as the lowest cost tight oil play in North America.
May 2, 2023, 9:59 AM MDT
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