Headwater Exploration Inc. currently has three drilling rigs active and will be adding a fourth drilling rig in the coming weeks.
August 5, 2022, 12 AM MDT
Canadian Natural Resources Limited has increased its 2022 capital budget to $4.92 billion from $4.35 billion as the company looks to “capture additional value by accelerating strategic growth opportunities” within its large and diverse asset base and to account for inflationary pressures.
August 4, 2022, 2:05 PM MDT
Backstopped by strong operational performance, an active drilling program and record natural gas output, Canadian Natural Resources Limited boosted Q2 output six per cent from the second quarter of 2021.
August 4, 2022, 10:45 AM MDT
The Key Access Pipeline System (KAPS) is now over 70 per cent complete and the project is estimated to cost approximately $900 million, net to Keyera Corp. (previously $800 million to $880 million).
August 4, 2022, 12 AM MDT
ConocoPhillips’s Canadian unit reported higher earnings for the April-June quarter of 2022.
August 4, 2022, 9:03 AM MDT
Kelt Exploration Ltd.'s average production for the three months ended June 30, 2022 was 27,713 boe/d, up 41 per cent from average production of 19,592 boe during the corresponding period in 2021 and up one per cent from average production of 27,413 boe during the first quarter of 2022.
August 4, 2022, 5:24 AM MDT
Essential Energy Services Ltd.’s 2022 capital forecast has increased from $6 million to $9 million, which includes $3 million for growth capital and $6 million for maintenance capital.
August 4, 2022, 5:36 AM MDT
In the second quarter of 2022, financial success at ARC Resources Ltd. reached a new level.
August 3, 2022, 12 AM MDT
Perpetual Energy Inc. forecasts exploration and development capital expenditures of $29 – $32 million for full year 2022, up slightly from previous guidance of $28 to $30 million released on May 4, 2022, to be fully funded from adjusted funds flow.
August 3, 2022, 3:28 PM MDT
Pine Cliff Energy Ltd.’s board of directors has approved an increase in the 2022 capital expenditure budget from $25.5 million to $29.5 million.
August 3, 2022, 3:59 PM MDT
Paramount Resources Ltd.’s planned 2022 capital expenditures have been hiked by $80 million at the midpoint to a range of between $600 million and $640 million.
August 3, 2022, 4:19 AM MDT
Advantage Energy Ltd. reported record production, record adjusted funds flow and a surge in profitability, while debt fell rapidly below its $200 million target.
August 2, 2022, 12 AM MDT
During the second quarter, Enbridge Inc. added $3.6 billion of growth capital to its secured capital program, including a US$400 million extension of the Texas Eastern System associated with Venture Global's Plaquemines LNG project, an estimated $1.2 billion expansion of B.C. Pipeline System’s T-North section and a US$1.5 billion investment in the Woodfibre LNG facility.
July 29, 2022, 6:06 AM MDT
Tamarack Valley Energy Ltd.’s exploration and development capital expenditures for the second half of 2022 have been updated to a range of $160-$170 million, totalling $340-$360 million for the year.
July 29, 2022, 12 AM MDT
Cardinal Energy Ltd. announced a $30 million increase to its 2022 capital budget.
July 29, 2022, 12 AM MDT
ARC Resources Ltd.’s capital spending and production guidance have been lifted to primarily reflect realized and anticipated inflation, along with additional water infrastructure in Kakwa and funds to manage longer supply chain related lead times that will support 2023 activity.
July 29, 2022, 12 AM MDT
TC Energy Corporation’s total capital expenditures for 2022 are now expected to be approximately $8.5 billion.
July 28, 2022, 7:26 AM MDT
Cenovus Energy Inc. has updated its 2022 corporate guidance and has hiked spending by $400 million at the midpoint to a range of $3.3 billion to $3.7 billion.
July 28, 2022, 11:37 AM MDT
Enerplus Corporation is selling certain Canadian assets located in Alberta to Journey Energy Inc. for total consideration of $140 million, prior to closing adjustments.
July 28, 2022, 7 PM MDT
Tourmaline Oil Corp. finished the three-month span ending June 30, 2022 with records in both cash flow and free cash flow.
July 28, 2022, 2 PM MDT
After completing a review of the impact of inflationary factors as well as land expenditures to date, Surge Energy Inc. has increased its estimate for 2022 expenditures on property, plant, and equipment by approximately 12 per cent, as compared to the company's original budget released on Jan. 17, 2022.
July 28, 2022, 12 AM MDT
Precision Drilling Corporation increased its capital spending plan to $149 million in response to higher demand and expected customer contracted upgrades on over 20 drilling rigs for 2022.
July 27, 2022, 4:43 AM MDT
SECURE Energy Services Inc. continues to benefit from its 2021 acquisition of Tervita Corporation and strong industry conditions, factors that helped the company post strong Q2 results.
July 27, 2022, 10:40 AM MDT
Tourmaline Oil Corp. has entered into a binding agreement to acquire Rising Star Resources Ltd. for $194.3 million, with closing expected to occur in August 2022.
July 27, 2022, 4:36 PM MDT
Gear Energy Ltd. intends to increase the planned 2022 capital and abandonment expenditure investment from $55 million to $64 million with the majority of the increase relating to two additional light oil wells to be drilled in Tableland, Sask.
July 27, 2022, 2:25 PM MDT
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