October 17, 2018, 7:46 AM MDT
Strad Energy Services Ltd. announced an additional $15.5 million of capital is being allocated to its Industrial Matting division to support its continued growth.
October 10, 2018, 12 AM MDT
Investment in the Alberta energy sector will struggle to grow in the coming years, says The Conference Board of Canada’s deputy chief economist.
October 4, 2018, 6 AM MDT
Tamarack Valley Energy Ltd. has reported that due to exceptional 2018 drilling results, current production is ahead of forecast and as a result it has increased its annual and exit production for the second time.
September 20, 2018, 9:08 AM MDT
September 17, 2018, 10:25 AM MDT
Proceeds from a cash payment of $16.7 million for non-core oil and gas properties in the West Pembina area of Alberta will be used to accelerate Cardium drilling within its core Willesden Green area and to pay down debt, says InPlay Oil Corp.
September 13, 2018, 9:27 AM MDT
Leaders in Alberta’s major projects space promote the application of best practices such as Integrated Project Delivery as a way to reduce costs and draw investment back to the province. It might not be enough
September 10, 2018, 7:16 AM MDT
Crescent Point Energy Corp. officially has a new top executive and will undertake a substantial workforce reduction of 17 per cent, the company announced this morning.
September 5, 2018, 11:56 AM MDT
Suncor Energy Inc.’s next development decision on its portfolio of 350,000 bbls/d of new in situ oilsands projects could come as early as the end of next year, but as it stands now, it’ll be a no.
September 5, 2018, 10:20 AM MDT
Kelt Exploration Ltd. has elected to redirect capital to several projects previously planned for 2019.
September 4, 2018, 7:35 AM MDT
The outlook for oilsands construction is nowhere near where it once was, with analysts expecting that growth spending will average just $3 billion per year for the next four years. Growth capital has been on a downward trend since peaking in 2014 at approximately $24 billion and is unlikely to ever spike that high again, according to Peters & Co.
August 30, 2018, 7:31 AM MDT
Traverse Energy Ltd. says it has reduced its 2018 capital budget to $3 million while it continues to assess its assets and its East Duvernay well at Chigwell for which it recorded an impairment in the second quarter of 2018.
August 24, 2018, 9:43 AM MDT
With its strategic combination with Raging River Exploration Inc. officially closed, Baytex Energy Corp. is forecasting a fourth quarter production rate of approximately 97,000 to 99,000 boe/d, based on exploration and development expenditures of $275 to $325 million in the second half of 2018.
August 23, 2018, 9:08 AM MDT
TransGlobe Energy Corporation says it has finalized its Cardium drilling program, and is set to kick it off later this month or in early September.
August 14, 2018, 9:17 AM MDT
Strad Energy Services Ltd. increased U.S. revenue by 71 per cent to $10.8 million compared with $6.3 million in Q2 2017, although total revenue decreased two per cent to $28 million.
August 13, 2018, 9:09 AM MDT
Total Energy Services Inc.’s board approved an increase to the company’s 2018 capital expenditure budget to $54 million, which will be directed at the U.S. — the lion’s share of a previous increase was also directed at areas outside of Canada, also mainly south of the border.
August 10, 2018, 11:39 AM MDT
Enerplus Corporation has boosted its 2018 capital guidance to $585 million, which was the top range of the previous guidance of $535-$585 million, largely related to increased non-operated activity.
August 10, 2018, 11:09 AM MDT
Tamarack Valley Energy Ltd.’s strong operational execution provides flexibility to allocate capital to projects such as the Veteran waterflood in the latter half of 2018 that will benefit Tamarack into 2019 and 2020 through lower production decline rates without impacting the current year's volumes.
August 10, 2018, 5:48 AM MDT
InPlay Oil Corp.’s capital program of $12.3 million in the second quarter of 2018 was comprised of several exploration, development and land acquisition activities.
August 10, 2018, 6:08 AM MDT
Murphy Oil Corporation has raised its 2018 capital expenditure budget by six per cent to US$1.18 billion, with US$50 million of the increased spend being allocated to its Kaybob Duvernay program.
August 9, 2018, 11:14 AM MDT
Gibson Energy Inc. has secured an additional $200 million to $250 million of growth capital opportunities, consisting of the sanction of one million bbls of new tankage at the Hardisty Terminal, the expansion of the Moose Jaw Facility and the acceleration of the U.S. strategy through the extension of the Pyote gathering system.
August 9, 2018, 2:43 AM MDT
TORC Oil & Gas Ltd. completed the acquisition of Villanova 4 Oil Corp., a private oil company with complementary high quality, light oil assets in southeast Saskatchewan.
August 9, 2018, 2:44 AM MDT
Yangarra Resources Ltd. announced an increase in the capital budget from $90 million to $120 million for 2018.
August 9, 2018, 6:20 AM MDT
Perpetual Energy Inc. has increased its 2018 capital expenditure guidance from a range of $21 to $25 million to $25 to $30 million ($8 to $13 million for the remainder of 2018) and increased its planned Mannville heavy oil drilling in the second half of 2018 to five to nine wells (4.3 - 8.3 net) from two wells (1.3 net) previously.
August 3, 2018, 7:15 AM MDT
Bellatrix Exploration Ltd.’s Spirit River wells continue to outperform budget expectations, resulting in lower sustaining capital requirements for the remainder of 2018.
August 3, 2018, 8:45 AM MDT