Precision Drilling Corporation anticipates increased demand for services and improved fleet utilization in 2022 as customers seek to maintain production levels and replenish inventories at currently high commodity-price levels, as inventories of drilled-but-uncompleted wells have depleted over the past several years.
April 28, 2022, 6:38 AM MDT
Cenovus Energy Inc. is hiking 2022 capital expenditures by $300 million to an updated range of $2.9-$3.3 billion, the company announced this morning.
April 27, 2022, 12:33 PM MDT
Tamarack Valley Energy Ltd. has entered into a definitive agreement to acquire Rolling Hills Energy Ltd., a privately held pure play Clearwater oil producer, for total consideration of $93.0 million.
April 21, 2022, 6 AM MDT
Two of the larger players in Saskatchewan’s oilpatch are increasingly optimistic about the go-forward outlook in the province.
March 31, 2022, 12 AM MDT
The Saskatchewan oil and gas sector is in back-bounce mode after some tough years and the future looks promising for both industry and the province, says Bronwyn Eyre, minister of energy and resources.
March 30, 2022, 11:23 AM MDT
Vermilion Energy Inc. has entered into an arrangement agreement to acquire Leucrotta Exploration Inc. for a net cash purchase price of $477 million.
March 28, 2022, 4:05 AM MDT
Producers across Canada licensed 341 wells in February 2022 — up from 323 a year ago — while once again no new wells were approved in British Columbia.
March 24, 2022, 9:34 AM MDT
An amalgamation and acquisition in 2021 helped Kiwetinohk Energy Corp. post major gains in production both last quarter and for the year.
March 24, 2022, 3:01 PM MDT
Alberta’s oilsands land sales, which have been sleepy for quite some time, sprang to life on March 9.
March 17, 2022, 9:58 AM MDT
In 2021, Hemisphere Energy Corporation invested $12 million in its Atlee Buffalo core area, including drilling seven wells, implementing a polymer flood in the Upper Mannville G oil pool, and upgrading facilities to accommodate additional oil production.
March 16, 2022, 8:50 AM MDT
Perpetual Energy Inc.'s board of directors has approved exploration and development capital spending of up to $28 million for 2022 to be fully funded from adjusted funds flow.
March 15, 2022, 4:14 PM MDT
Cardinal Energy Ltd. has approved a marginal increase to its capital program for 2022.
March 15, 2022, 8:06 AM MDT
Saturn Oil & Gas Inc. has outlined a 2022 capital expenditures budget totalling $50 million.
March 14, 2022, 5:15 AM MDT
Cathedral Energy Services Ltd.’s estimated 2022 gross capital plan is approximately $14.9 million, excluding any potential acquisitions.
March 14, 2022, 3:41 PM MDT
Petrus Resources Ltd. has closed its previously announced acquisition of a privately owned limited partnership and its general partner for total consideration of approximately $14.4 million, consisting of the issuance of 10 million common shares of the company.
March 14, 2022, 6:30 PM MDT
Revenue generated in Canada by CES Energy Solutions Corp. reached $134 million over the final three months of 2021.
March 11, 2022, 3:38 PM MST
Journey Energy Inc. has increased its 2022 capital budget to $43 million from $36 million and now plans to drill 15 wells.
March 10, 2022, 12 AM MST
Kelt Exploration Ltd. has increased its 2022 capital expenditure program to $250.0 million, up from a range of $200.0 million to $210.0 million in its previous guidance.
March 10, 2022, 5:43 AM MST
Essential Energy Services Ltd.’s 2022 capital budget is $6 million for the purchase of property and equipment and spending on maintenance activities.
March 10, 2022, 12 AM MST
MEG Energy Corp.’s top executive is increasingly bullish on crude prices and the Western Canadian Select (WCS)-West Texas Intermediate (WTI) differentials.
March 9, 2022, 7:12 AM MST
Subsequent to year end 2021, Peyto Exploration & Development Corp. successfully negotiated and closed the purchase of a private junior producer in the Brazeau River area for $22 million.
March 9, 2022, 4:13 PM MST
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $210 - $220 million (up from $180 - $200 million).
March 9, 2022, 6:02 AM MST
Pine Cliff Energy Ltd.’s adjusted funds flow of $26.3 million generated during the fourth quarter of 2021 and $59.1 million for 2021 were the highest quarterly and annual adjusted funds flow for the company since inception.
March 9, 2022, 12 AM MST
Crew Energy Inc.’s first quarter capital expenditures are expected to constitute approximately 60 per cent of the program’s full year total, with the remainder to be directed to projects with superior returns at Greater Septimus or Groundbirch in the second half of 2022.
March 8, 2022, 3:16 PM MST
Petrus Resources Ltd.’s board of directors has approved a 2022 capital budget of $50 to $55 million.
March 8, 2022, 2:31 PM MST
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