The latest guidance report from the Daily Oil Bulletin, which features announcements made in May 2021, also reports on a 10-year capital spending forecast provided by the Alberta Energy Regulator (AER).
June 10, 2021, 10:02 AM MDT
June 2, 2021, 12 AM MDT
Having largely combined operations with Seven Generations Energy Ltd. to become Canada’s largest pure-play Montney producer and sixth biggest upstream oil and gas company, ARC Resources Ltd. plans to begin development of Attachie West Phase 1 later this year.
May 28, 2021, 8:22 AM MDT
Western Canada’s rig activity was fairly static during the seasonal slowdown in May—in percentage terms, the active rate was much higher than last year, when the effects of the COVID-19 slowdown were fully taking hold (see graph).
May 28, 2021, 8:42 AM MDT
Altura Energy Inc. has increased its capital expenditure budget for 2021 to $7.5 million from $6 million to advance several “parallel initiatives.”
May 28, 2021, 6:16 AM MDT
May 26, 2021, 7:55 AM MDT
Kelt Exploration Ltd. now expects to spend $150 million in 2021, up 25 per cent from its previous forecast of $120 million.
May 25, 2021, 6:37 AM MDT
Tourmaline Oil Corp.’s full-year EP capital guidance has been increased to $1.19 billion from $1.075 billion following a spate of deals in the Montney.
May 18, 2021, 2:53 PM MDT
Cardinal Energy Ltd. is hiking its capital budget to $46 million from $27 million.
May 14, 2021, 6:12 AM MDT
Cathedral Energy Services Ltd. has lifted its 2021 capital plan to roughly $4 million.
May 14, 2021, 6:33 AM MDT
Petrus Resources Ltd. generated funds flow of $6.99 million (14 cents per share) during the first quarter of 2021, up nine per cent from the previous quarter due entirely to commodity price improvement.
May 14, 2021, 7:50 AM MDT
Surge Energy Inc. has closed its bought deal public offering of flow-through common shares.
May 13, 2021, 1:50 PM MDT
Birchcliff Energy Ltd. is revising its 2021 guidance as a result of its strong new well performance and improved outlook for commodity prices.
May 13, 2021, 6:49 AM MDT
As a result of success achieved to date, Headwater Exploration Inc. plans to increase its capital expenditure budget for 2021 to $105–$110 million, up from the earlier guidance of $90–$95 million.
May 13, 2021, 8:50 AM MDT
With the material improvement in commodity prices over the last six months, Storm Resources Ltd. is currently evaluating an increase to capital investment in the second half of 2021 for its liquids-rich natural gas operations in northeast B.C.’s Montney.
May 13, 2021, 10:44 AM MDT
Bonterra Energy Corp. invested $23.5 million in capital expenditures during Q1 2021.
May 12, 2021, 12 AM MDT
Prairie Provident Resources Inc. is encouraged by early production and test data from the first two wells of its 2021 capital program.
May 12, 2021, 1:47 PM MDT
Spartan Delta Corp.’s capital expenditures for the remainder of 2021 will be focused on drill-ready development utilizing existing infrastructure across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
May 11, 2021, 7:57 AM MDT
Journey Energy Inc. has decided to take a conservative approach to capital spending for 2021, with a focus on repaying a significant portion of the October 2020 AIMCo borrowings during the year.
May 11, 2021, 8:18 AM MDT
ARC Resources Ltd.'s updated 2021 capital budget of $950 million to $1 billion is designed to sustain production and maximize free funds flow generation.
May 6, 2021, 6:31 AM MDT
The Petroleum Services Association of Canada (PSAC) raised its forecast last week for rig releases in Canada to 3,600 wells.
May 5, 2021, 7:58 AM MDT
Following the acquisition of Anegada Oil Corp., Tamarack Valley Energy Ltd. expects to spend $165 – $175 million for 2021, up from the previous estimate of $125 – $130 million.
May 5, 2021, 12 AM MDT
As a result of significantly improved commodity prices, Gear Energy Ltd. intends to increase its 2021 capital and abandonment expenditure investment to $27 million from $20 million.
May 5, 2021, 2:13 PM MDT
Paramount Resources Ltd. has entered into a definitive agreement for the sale of its non-operated Birch asset in northeast British Columbia for total consideration of $77 million.
May 5, 2021, 7:41 AM MDT
Gibson Energy Inc. reported a “solid start” to 2021, with strong financial results, commercial advancements, and development of its environmental, social and governance (ESG) and sustainability practices.
May 4, 2021, 11:06 AM MDT