Vermilion Energy Inc. plans to invest approximately $230 million across its international assets, representing an increase of seven per cent compared to 2022.
January 6, 2023, 5:57 AM MST
January 4, 2023, 9:38 AM MST
Yangarra Resources Ltd. has set a capital budget of $125 million for 2023, which includes the drilling of 33 wells which will keep one drilling rig fully utilized for the year.
December 23, 2022, 12 AM MST
Imperial Oil Limited’s 2023 capital spending is forecast at $1.7 billion and includes a planned ramp-up for the Strathcona Renewable Diesel project, application of solvent technologies at Cold Lake and ongoing investment on the in-pit tailings project at the Kearl oilsands facility.
December 20, 2022, 12 AM MST
Tenaz Energy Corp. has closed the acquisition of 100 per cent of the issued and outstanding shares of a private company with Netherlands upstream and midstream assets.
December 20, 2022, 1:26 PM MST
Enerplus Corporation has closed the previously announced sale of substantially all of its remaining Canadian assets to Surge Energy Inc. for total consideration of $245 million, prior to closing adjustments.
December 20, 2022, 12 AM MST
Capital discipline will remain a theme and a somewhat stingy merger and acquisition (M&A) market in Western Canada could open up slightly in the coming months, a recent survey of Canadian oil and gas executives found.
December 16, 2022, 6:45 AM MST
Bonterra Energy Corp. laid out a fully-funded 2023 capital expenditures budget ranging between $120 to $125 million.
December 16, 2022, 12 AM MST
Since the end of the third quarter, Obsidian Energy Ltd. rig released an additional 14.0 wells (13.4 net), including four Cardium wells (4.0 net) in Willesden Green, three Cardium wells (2.9 net) and one vertical Devonian well (0.5 net) in Pembina, and five Bluesky wells (5.0 net) and one Clearwater well (1.0 net) in Peace River.
December 16, 2022, 6:59 AM MST
Kiwetinohk Energy Corp.’s planned capital expenditures for Upstream and Green Energy are between $378-$402 million.
December 15, 2022, 12 AM MST
Pieridae Energy Limited outlined a development capital spending range of $15 million to $20 million for 2023, and sustaining capital of $50 million to $55 million.
December 15, 2022, 12 AM MST
Several Canadian oilsands producers expect to spend more in 2023, compared with the current year, as inflation drives up costs of everything from raw materials to labour.
December 14, 2022, 10:33 AM MST
Pembina Pipeline Corporation announced 2023 adjusted EBITDA guidance of $3.5 to $3.8 billion and a 2023 capital investment program of $730 million.
December 12, 2022, 7:14 AM MST
Crew Energy Inc. has set a net capital expenditures budget of $230-$250 million.
December 9, 2022, 12 AM MST
Baytex Energy Corp. outlined a 2023 exploration and development expenditures budget of $575–$650 million, which is designed to generate average annual production of 86,000 to 89,000 boe/d.
December 8, 2022, 12 AM MST
Athabasca Oil Corporation is planning 2023 capital expenditures of $145 million ($120 million Thermal Oil & $25 million Light Oil) with activity primarily focused on sustaining and growth projects at Leismer, a Montney pad in Placid and routine maintenance across the portfolio.
December 8, 2022, 12 AM MST
December 8, 2022, 12 AM MST
December 8, 2022, 5:37 AM MST
Parkland Corporation laid out a 2023 capital spending program of $500 million to $550 million.
December 8, 2022, 12 AM MST
Tamarack Valley Energy Ltd. plans to invest capital of $425 to $475 million in 2023, funded entirely through adjusted funds flow and equal to approximately 50 to 60 per cent of total 2023 adjusted funds flow at budget pricing of US$80/bbl WTI and C$4/GJ AECO.
December 7, 2022, 12 AM MST
Cenovus Energy Inc. plans to invest between $4.0 billion and $4.5 billion in 2023, up 21 per cent from a range of $3.3 billion to $3.7 billion in 2022.
December 6, 2022, 7:08 AM MST
Gibson Energy Inc.’s target for growth capital expenditures in 2023 is between $100 million and $125 million, depending on the timing of the sanction of certain growth opportunities.
December 6, 2022, 12 AM MST
CWC Energy Services Corp. has approved a 2023 capital expenditure budget of $26.3 million, including $4.0 million of 2022 capital expenditure that will be carried forward into 2023.
December 6, 2022, 8:03 AM MST
AltaGas Ltd. is maintaining a disciplined and self-funded capital program of approximately $930 million in 2023, excluding asset retirement obligations (ARO).
December 5, 2022, 12 AM MST
Advantage Energy Ltd. plans to spend between $250 million and $280 million for 2023, representing a payout ratio of under 50 per cent prior to share buybacks.
December 2, 2022, 12 AM MST
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