Crescent Point Energy Corp. has set its 2022 capital expenditures budget at $825–$900 million, which remains unchanged from the preliminary 2022 guidance.
December 6, 2021, 9:01 AM MST
Gibson Energy Inc. is targeting 2022 growth capital expenditures of about $150 million, depending on the timing of sanctioning for certain growth opportunities.
December 6, 2021, 4:15 PM MST
TC Energy Corporation is not reliant on mergers and acquisitions to deliver on a stated minimum five-per-cent growth rate, which François Poirier, president and chief executive officer, says the company can achieve organically.
December 2, 2021, 12 AM MST
PHX Energy Services Corp. has lifted its 2022 capital plan by $10 million.
December 2, 2021, 12 AM MST
With the expectation that natural gas will play an increasing role in the ongoing energy transition, TC Energy Corporation will direct the vast majority of its $29 billion capital program over the next five years to its natural gas pipeline business, the company’s top executive told an investor day event this morning.
December 1, 2021, 11:24 AM MST
The Petroleum Services Association of Canada (PSAC) recently lifted its 2021 forecast to a yearly total of 4,650 wells drilled, based on improved activity in the second half of the year.
December 1, 2021, 9:35 AM MST
With western Canadian drilling activity holding steady in the mid- to high-30 per cent range in recent weeks — and with an uptick expected as the winter drilling season goes into full gear — some service sector companies have recently increased their 2021 capital expenditure plans.
December 1, 2021, 7:51 AM MST
December 1, 2021, 5:33 AM MST
Yangarra Resources Ltd. outlined a capital budget of $105 million for 2022, which includes the drilling of 30 gross wells.
December 1, 2021, 5:10 AM MST
Baytex Energy Corp. has outlined a 2022 capital budget of $400 to $450 million, which is designed to generate average annual production of 80,000 to 83,000 boe/d.
December 1, 2021, 3:39 PM MST
Athabasca Oil Corporation has set a capital program of $128 million for 2022.
December 1, 2021, 3:54 PM MST
December 1, 2021, 4:09 PM MST
MEG Energy Corp. has set its 2022 capital budget at $375 million, a $40 million increase from planned spending of $335 million this year.
November 30, 2021, 9:16 AM MST
Vermilion Energy Inc.’s board of directors has approved an E&D capital budget of $425 million for 2022, which is in line with the preliminary outlook it provided with its Q3 2021 results.
November 29, 2021, 6:47 AM MST
Calfrac Well Services Ltd.’s board of directors approved a further increase in the company's 2021 capital budget to $70.0 million from $61.0 million in order to support the growth of its North American operations throughout the course of 2021 and into 2022.
November 25, 2021, 12 AM MST
Due to rig availability constraints and projected cost increases in 2022, Hemisphere Energy Corporation has recently accelerated a portion of its 2022 capital spending plans and commenced a drilling program in the Atlee F pool for up to four wells during the fourth quarter of 2021.
November 25, 2021, 5:51 AM MST
November 25, 2021, 8:13 AM MST
Similar to 2021, the Montney formation will be a key focus for drilling activity next year.
November 24, 2021, 11:02 AM MST
November 19, 2021, 8:13 AM MST
Tenaz Energy Corp.’s preliminary 2022 capital budget for development activities is $7.8 million, in line with capital expenditures of about $8 million expected this year.
November 18, 2021, 9:50 AM MST
Western Canadian oil and gas producers can continue to look forward to improved commodity prices, and activity levels are expected to remain strong relative to the past two years, according to experts and industry officials.
November 17, 2021, 8:49 AM MST
Exploration and development capital spending for Perpetual Energy Inc. for full year 2021 is expected to be $15 to $18 million, excluding spending recorded in Perpetual's consolidated third quarter financial statements related to Rubellite Energy Inc.'s Clearwater assets prior to the effective date of the plan of arrangement.
November 12, 2021, 6:13 AM MST
Birchcliff Energy Ltd. is currently targeting F&D capital spending of $240 million to $260 million for 2022, which takes into account expected increases in materials, labour and services costs compared to the current year.
November 11, 2021, 12 AM MST
Headwater Exploration Inc.'s board of directors has approved an increase of its 2021 capital budget to $140 million from $130 million, which will allow its two drilling rigs to maintain steady operations throughout the balance of the fourth quarter.
November 11, 2021, 12 AM MST
Storm Resources Ltd.’s capital investment is expected to be $115 to $120 million, an increase of $5 million from previous guidance in order to drill and complete an additional well at Umbach.
November 11, 2021, 5:09 AM MST
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