InPlay Oil Corp. is currently producing at record production levels of 9,600 boe/d (57 per cent light oil and NGLs) based on field estimates.
September 28, 2022, 6:38 AM MDT
Market conditions have improved materially since the release of Petrus Resources Ltd. initial 2022 budget in December of last year, said the company.
September 20, 2022, 12 AM MDT
STEP Energy Services Ltd. announced a client-backed upgrade to its Canadian fracturing fleet.
September 15, 2022, 12 AM MDT
Several western Canadian E&P companies announced increases to their capital expenditure budgets during the release of their Q2 financial results reports, in late July and early August, to accelerate drilling plans in 2022, to deal with higher-than-budget inflation, to address service cost hikes and to take advantage of higher commodity prices.
September 14, 2022, 6 AM MDT
Tamarack Valley Energy Ltd. outlined a $400 – $450 million, preliminary spending plan for 2023, which includes the acquisition of Deltastream Energy Corporation.
September 12, 2022, 6:06 AM MDT
Trican Well Service Ltd. will continue to expand its fleet of next generation, low emissions fracturing equipment by upgrading its fourth set of existing pumping equipment with CAT Tier 4 dynamic gas blending (DGB) engines.
September 12, 2022, 6:37 AM MDT
Whitecap Resources Inc. has successfully closed the previously announced acquisition of XTO Energy Canada.
September 1, 2022, 12 AM MDT
Led by conventional oil and gas, the Alberta government says activity and investment in the energy sector has substantially picked up since it released its budget in February as commodity prices soared.
August 31, 2022, 11:13 AM MDT
The DOB has synthesized our coverage of producers’ second quarter reports and conference calls to highlight the dominant themes that emerged.
August 29, 2022, 6 AM MDT
August 19, 2022, 12 AM MDT
Total production for Kiwetinohk Energy Corp. in the second quarter of 2022 exceeded what the company saw from the same time a year earlier by 56 per cent.
August 12, 2022, 12 AM MDT
As a result of forest fire related downtime in France, offshore drilling delays in Australia, combined with inflationary pressure, Vermilion Energy Inc. is increasing its 2022 capital budget by $50 million to $550 million.
August 12, 2022, 12 AM MDT
Reinjecting ethane into the gas stream limited reportable sales volumes for Pieridae Energy Limited last quarter and is a factor in the company revising its production guidance for the year.
August 11, 2022, 7:16 AM MDT
Oilfield service prices are improving but the sector still needs further gains to get margins back to sustainable levels, Total Energy Services Inc. president and chief executive officer Daniel Halyk told analysts on the company’s 2022 second quarter conference call.
August 10, 2022, 12 AM MDT
Birchcliff Energy Ltd.’s F&D capital expenditures in 2022 are now anticipated to be $275 million to $285 million, up from $240 to$260 million, primarily as a result of increased inflation and the procurement of certain long-lead capital items to prepare for the efficient execution of the 2023 capital program.
August 10, 2022, 2:30 PM MDT
Bonterra Energy Corp. increased its capital expenditure budget range to $70 million to $75 million, due to additional infrastructure costs and inflationary pressures.
August 10, 2022, 3:14 PM MDT
During the second half of 2022, Rubellite Energy Inc. plans to spend approximately $24 to $26 million to continue its two-rig drilling program into the fourth quarter of 2022 to drill, complete, equip and tie-in 20 (17.2 net) multi-lateral horizontal wells planned in its three core operating areas at Ukalta, Figure Lake and Marten Hills.
August 10, 2022, 3:26 PM MDT
Spartan Delta Corp.'s board of directors has approved a $90 million increase to its 2022 capital program.
August 10, 2022, 12 AM MDT
In Canada, during the second quarter TransGlobe Energy Corporation successfully drilled three, 100 per cent working interest horizontal Cardium reservoir development wells (two, two-mile, and one, one-mile) in the South Harmattan area.
August 10, 2022, 6:42 AM MDT
In response to increasing activity levels and longer lead times for certain equipment, Total Energy Services Inc. has increased its 2022 capital expenditure budget to $56.2 million.
August 9, 2022, 12 AM MDT
Crew Energy Inc. now plans to invest between $130 and $140 million of net capital expenditures for 2022, resulting in average annual production guidance of 32,000 to 33,000 boe/d.
August 9, 2022, 12 AM MDT
The chief executives of Canada’s oilsands juggernauts say inflationary pressures are being felt but are limited in impact so far because their respective long-lead-time projects have required them to procure supplies and services prior to any major price spikes.
August 8, 2022, 8:29 AM MDT
Some recent capex announcements portend a positive outlook for drilling activity in the coming months.
August 8, 2022, 8:35 AM MDT
Tenaz Energy Corp. has boosted capital spending guidance from $5.8 to $8.0 million following the completion of wells in the Leduc-Woodbend, driven by longer well lengths with more frack stages, higher-than-budgeted inflation in services prices, and costs for open-hole sidetracking in one of the wells due to a stuck drill pipe event.
August 8, 2022, 5:55 AM MDT
Suncor Energy Inc. has revised its full-year outlook for capital expenditures from a single point estimate of $4.7 billion to a range of $4.9-$5.2 billion while also downgrading its average production expectations for the year.
August 5, 2022, 10:41 AM MDT
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