Advantage Energy Ltd.’s production during the second quarter of 2022 increased to average approximately 60,000 boe/d (89 per cent natural gas, five per cent natural gas liquids and six per cent light and medium crude oil).
July 7, 2022, 6:28 AM MDT
A significant leap in operating cash flow in Q1 2022 allowed oil and gas producers across the U.S. and Canada to enjoy record levels of free cash flow — again.
July 6, 2022, 12 AM MDT
Kelt Exploration Ltd. has lifted its capital expenditure budget for 2022.
July 6, 2022, 3:52 PM MDT
Saturn Oil & Gas Inc. has successfully completed the previously announced acquisition of assets in the Viking area of west-central Saskatchewan for closing cash consideration of approximately $248 million (net of adjustments) and has completed a non-brokered private placement for gross proceeds of $400,326.
July 6, 2022, 4:02 PM MDT
Higher oil and gas prices, coupled with new players with new development ideas, are driving renewed interest in the Duvernay shale.
July 5, 2022, 6 AM MDT
July 5, 2022, 12 AM MDT
Obsidian Energy Ltd. is increasingly identifying itself, in part, as a Clearwater producer, says Jay McGilvary, senior director of development, with crews further delineating the play with two (1.5-net) more wells later this year.
June 17, 2022, 12 AM MDT
Obsidian Energy Ltd. boosted guidance following a successful first half program.
June 16, 2022, 5:36 AM MDT
Current fundamentals underlying the energy sector are the best that Kevin Neveu, president and chief executive officer of Precision Drilling Corporation, has seen in his career.
June 14, 2022, 12 AM MDT
Prairie Provident Resources Inc. says it plans a “pivot” in its second half 2022 capital program toward non-core reactivations, recompletions and optimization projects to maximize shareholder value.
June 13, 2022, 12 AM MDT
June 9, 2022, 9:13 AM MDT
According to updated Alberta Energy Regulator (AER) projections, total oil and gas capital expenditures in 2022 are expected to increase to $28.6 billion from $20.2 billion in 2021.
June 8, 2022, 8:01 AM MDT
Hemisphere Energy Corporation has boosted its capital spending plan by $7 million to $16 million.
June 7, 2022, 6:44 AM MDT
The DOB has synthesized our coverage of producers’ first quarter reports and conference calls to highlight the dominant themes that emerged.
June 3, 2022, 6 AM MDT
The active rate in Western Canada was steady for most of May at around 20 per cent, but it surged exiting the month.
June 2, 2022, 7:51 AM MDT
Saturn Oil & Gas Inc. has entered into an arm’s-length definitive agreement to acquire synergistic assets in the Viking area of west-central Saskatchewan for approximately $260 million.
June 1, 2022, 12 AM MDT
After encountering significant challenges due to the global COVID-19 pandemic in 2020, the oil and gas industry in Alberta rebounded in 2021 and that momentum will continue this year, says the Alberta Energy Regulator (AER) in its ST98: Alberta Energy Outlook released Monday.
May 31, 2022, 4:41 AM MDT
May 27, 2022, 12 AM MDT
May 27, 2022, 12 AM MDT
Saskatchewan remains important for Crescent Point Energy Corp., even as the company increases its Alberta focus following last year’s Kaybob Duvernay acquisition, says president and chief executive officer Craig Bryksa.
May 20, 2022, 12 AM MDT
Kiwetinohk Energy Corp. this morning outlined an acceleration and expansion of its 2022 upstream operational program, resulting in increased 2022 guidance.
May 18, 2022, 12 AM MDT
As a result of the strong economics of the recent drilling programs, Saturn Oil & Gas Inc. has increased its 2022 capital expenditures budget by $6 million with three additional wells to be drilled at the Oxbow asset and the drilling of three additional wells in the Viking asset.
May 16, 2022, 7:30 AM MDT
Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.
May 13, 2022, 10:02 AM MDT
Subsequent to the end of the first quarter, Rubellite Energy Inc. executed a definitive agreement for the previously announced Peavine transaction located in the vicinity of recent industry Clearwater drilling activity and southwest of Rubellite's existing option acreage at West Dawson in northern Alberta.
May 12, 2022, 5:25 AM MDT
Total Energy Services Inc. experienced strongly improved industry conditions in North America and Australia for Q1 2022 when compared to the same period last year, which is reflected in the company’s financial results.
May 12, 2022, 5:11 AM MDT
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