This week’s guidance report looks at some of the recent announcements from producers on their abandonment activities through Alberta’s Site Rehabilitation Program (SRP) and Saskatchewan’s Accelerated Site Closure Program (ASCP).
March 16, 2021, 8 AM MDT
Two seasoned veterans in natural gas liquids and petrochemicals promise to untangle the complexities of Western Canada’s petrochemical industry while illustrating potential investment opportunities.
March 16, 2021, 9:24 AM MDT
Ellen Neary will retire from her role as emergency response planning manager at Behr Integrated Solutions Inc. at the end of March.
March 16, 2021, 11:38 AM MDT
While methane emissions in Canada continue to decline, there remains significant opportunities for further reductions.
March 11, 2021, 8:25 AM MST
The Canada Energy Regulator (CER) is seeking public comments on whether Trans Mountain Pipeline ULC should be allowed to file the names of its insurers on a confidential basis for 2021 and for all future filings.
March 9, 2021, 12 AM MST
While the commodity price environment in recent months has turned decidedly more positive for exploration and production (E&P) companies, the service sector has yet to see a trickle-down effect, say Calfrac Well Services Ltd. and Trican Well Service Ltd.
March 9, 2021, 6:32 AM MST
The majority of Vermilion Energy Inc.’s 2020 North American drilling program was executed during the first half of the year with limited new production added during the second half of the year.
March 9, 2021, 8:36 AM MST
Ensign Energy Services Inc. expects producers to modestly revisit drilling programs through 2021 as legacy wells decline in production, anticipated demand recovery continues to stabilize, and global crude oil inventories “destock.”
March 5, 2021, 9 AM MST
Tervita Corporation is banking on the positive momentum in the second half of 2020 to carry though to 2021.
March 5, 2021, 9:55 AM MST
After being pummeled by the COVID-19 pandemic and price crash in 2020, Calfrac Well Services Ltd. is going into 2021 a leaner, more agile company on firmer financial footing.
March 4, 2021, 8:30 AM MST
Yangarra Resources Ltd. set its 2021 capital budget at $60 million prior to the announcement of multiple COVID-19 vaccines when WTI prices hovered around US$45/bbl.
March 4, 2021, 3:32 PM MST
Essential Energy Services Ltd.’s 2021 capital budget is $5.4 million, which includes spending on critical maintenance activities and funds available for growth capital.
March 4, 2021, 9:40 AM MST
MEG Energy Corp.’s adjusted funds flow was $278 million in 2020 compared to $726 million in 2019.
March 3, 2021, 4 PM MST
Although crude oil and natural gas prices have improved substantially from early pandemic lows, some North American E&Ps say they have no intention of raising capex even as spot and future prices escalate.
March 2, 2021, 9:41 AM MST
The 2021 PSAC STARS & Spurs campaign has nearly reached the halfway point of its $1 million donation goal raising $450,000 at the first of three planned events for STARS Air Ambulance.
March 2, 2021, 9:44 AM MST
Chevron Corporation reported higher Canadian production for 2020, including a boost in both liquids and natural gas output.
March 1, 2021, 5:48 AM MST
The Alberta Energy Regulator (AER) is reviewing applications from Suncor Energy Operating Inc., on behalf of Fort Hills Energy Corporation, to expand the boundaries of the Fort Hills Oil Sands Project, in part to accommodate a berm.
March 1, 2021, 9:19 AM MST
A new non-profit organization started by four people of colour aims to increase diversity, inclusion and equity in the growing sustainability field.
March 1, 2021, 11:47 AM MST
British Columbia was the only province in Western Canada to report a year-over-year improvement in rig release counts and meterage for January.
February 26, 2021, 10:15 AM MST
After remaining stable during most of January and early February, rig activity has started to slow down as the second month of 2021 comes to an end.
February 26, 2021, 8 AM MST
Baytex Energy Corp.’s gross proved plus probable (2P) reserves fell by nearly 13 per cent at Dec. 31, 2020, to 461.71 million boe from 529.49 million boe a year earlier.
February 26, 2021, 7:56 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 25, 2021, as reported this morning by Rig Locator.
February 25, 2021, 11:41 AM MST
Naveen Dargan, a long-standing board member, has announced his intent to retire from the Baytex Energy Corp. board of directors at the 2021 annual meeting of shareholders to be held in April.
February 25, 2021, 10:36 AM MST
Two companies participating in last week’s M&A deals involving the Montney and Duvernay plays have announced plans to increase their capital spending budgets.
February 24, 2021, 11:45 AM MST
Trican Well Service Ltd. has strengthened its liquidity and financial position post-Q4 2020 through agreements to sell non-core assets and businesses for proceeds of more than $7 million, which includes the signing of a definitive agreement to sell its software business for estimated proceeds of $6 million.
February 24, 2021, 5:57 AM MST