Bellatrix Exploration Ltd. says that while it hasn't experienced any pinch points in the availability of drilling and completions services, it is budgeting a five per cent increase in the cost to drill, complete, equip and tie in its wells in west-central Alberta by the end of the year.
May 19, 2017, 7:17 AM MDT
After divesting its non-core Knopcik/Pipestone and East Gold Creek assets, Chinook Energy Inc. reported a strong balance sheet at the end of Q1 2017, with a net surplus of $25.6 million (including $21.6 million in cash) and three new new Montney wells brought onstream in the quarter.
May 16, 2017, 9:07 AM MDT
Financial results speak volumes about the quality of a company at the best of times but especially so during distressed times in commodity price cycles. And while the midstream sector as a whole has weathered the storm better than some other parts of the industry, this year’s Oilweek Supplier of the Year, AltaGas Ltd., is thriving.
December 30, 2016, 10:10 AM MST
Pat Ward likes to quote a New York investor when talking about production growth: “Nobody cares about the shoe you’re going to build in 100 years. Get busy, Pat!”
December 29, 2016, 9:10 AM MST
Seven Generations Energy Ltd. considers its community engagement, and especially its work with indigenous communities, as a key competitive advantage.
June 13, 2016, 10:40 AM MDT
Canyon Service Group Inc. now pays 75 per cent of its staff a day-rate or an hourly-rate basis.
May 20, 2016, 8:11 AM MDT
Painted Pony Petroleum Ltd. completed its first 38-stage frac and continues to push innovation in its Blair and Townsend Montney lands towards its year-end exit target of 40,000 boe per day from its Q1 average production of 16,601 boe per day.
May 16, 2016, 6 AM MDT
NuVista Energy Ltd. grew its production in Q1 by 10 per cent over the same period last year, delivering 25,484 boe per day, which exceeded its guidance for the quarter.
May 12, 2016, 11:23 AM MDT
The downward pressure exerted by producers on drillers has leveled off and new drilling opportunities are starting to peek through on the horizon, Ensign Energy Services Inc.’s president and chief operating officer, Bob Geddes, told the DOB after its annual general meeting Wednesday.
May 5, 2016, 7:30 AM MDT
Market access has been an uphill battle for Canadian heavy oil and oilsands production for years now, but more than just physical market access is needed if Canadian heavy oil is to realize the best pricing, a Canadian Energy Research Institute (CERI) conference session heard this week.
March 17, 2016, 7:56 AM MDT
Year-old technology Calgary start-up Spectralog and five other seed-stage companies shared almost $150,000 in cash and cash-equivalent prizes at the 2016 Energy New Venture Competition hosted by the Haskayne School of Business, Hunter Centre for Entrepreneurship and Innovation.
March 16, 2016, 10 AM MDT
With each new year, the prospects for Western Canada’s nascent LNG export industry seem to fade.
December 30, 2015, 6 AM MST
A fifth stage of Round One bidding for oil and gas leases in Mexico was confirmed on Friday in Calgary by a delegation drumming up interest in Mexican energy reforms.
December 7, 2015, 9:08 AM MST
The future of Alberta’s oilsands growth hinges on the industry’s ability to deliver globally competitive major construction projects, Pieter Diedericks, project director of Go Productivity’s Project Alignment and Delivery (PAAD), told the Canadian Energy Projects Forum last week.
November 2, 2015, 8:34 AM MST
Natural gas exports to the United States have been in decline since 2007 and that trend is expected to continue due to large volumes of unconventional shale gas coming onstream south of the border, according to the U.S. Energy Information Administration and other forecasts, leaving LNG as Canada’s best chance to reach new markets.
October 30, 2015, 10:36 AM MDT
There is a remedy to Western Canada’s predicament as a high cost producer in a global competition between regional oil and gas basins during a time when horizontal multi-frac technology keeps a lid on oil prices.
October 29, 2015, 7:34 AM MDT
Population growth, an expanding economy, more stringent environmental regulations and climate change is expected to drive a transition to waterless extraction, a panel discussion audience heard Wednesday morning at an Oilweek Speaker Series event held at the Calgary Petroleum Club.
October 8, 2015, 8:37 AM MDT
High debt levels and lower than expected production from its Little Bow alkaline surfactant polymer (ASP) tertiary recovery project in southern Alberta prompted Zargon Oil & Gas Ltd., to conduct a strategic review in August 2015.
September 18, 2015, 9:41 AM MDT
Twin Butte Energy Ltd.'s priorities for the balance of the year are to remain disciplined and invest only in wells that meet its stringent guidelines: a two-to-one recycle ratio and a sub-one-and-a-half year payout on strip prices, its chief executive said Thursday.
September 18, 2015, 10:02 AM MDT
One of the first things companies tend to cut in tough times is research and development (R&D) spending.
September 16, 2015, 8:44 AM MDT
Focusing on its Montney light oil core areas of Ante Creek and Waskahigan/Grizzly, where RMP Energy Inc. has 70,000 net acres and plans to drill 16 wells in 2015, the company expects to continue its 31 per cent compound annual growth to an average production of 13,500 boe per day (45 per cent oil/natural gas liquids) from a $100 million cash-flow budget.
June 12, 2015, 7:46 AM MDT
Flawed objectives, political interests and a dependence on the altruism of each generation’s willingness to save for future generations has choked the Alberta Heritage Savings Trust Fund’s potential to become a powerful financial resource for the social good now or in the future, a panel discussion on the fund heard Thursday.
May 29, 2015, 11:46 AM MDT
Journey Energy Inc. is building on cost control measures and a trimmed capital budget to focus on high-grading its drilling inventory and maintaining a meaningful dividend in the balance of the year, the company’s annual meeting heard Wednesday.
May 21, 2015, 12:01 PM MDT
Birchcliff Energy Ltd. has joined the growing list of producers that aren’t letting soft commodity prices derail their growth.
May 15, 2015, 11:47 AM MDT
Building on its three years of phenomenal growth through the drill bit, Raging River Exploration Inc. posted another quarterly production record in the first quarter of 2015 and showed no signs of slowing.
May 11, 2015, 11:51 AM MDT