Spartan Delta Corp. is reducing its 2024 forecast operating costs by nine per cent to $6.07/boe and reducing its capital expenditures, before A&D, by $5 million to $125 million, exclusive of Duvernay activity, while production guidance remains unchanged at 38,500 – 40,500 boe/d.
February 27, 2024, 12 AM MST
Given the persistent and increasing weakness in U.S. natural gas prices, Chesapeake Energy Corporation is pulling in the reins on 2024 capital spending and drilling and completion activity, says the company’s top executive.
February 22, 2024, 12 AM MST
In response to lower forecasted natural gas prices, Kelt Exploration Ltd. has reduced its 2024 capital expenditure program to $325.0 million, down seven per cent from its previous budget of $350.0 million.
February 22, 2024, 5:56 AM MST
Gear Energy Ltd. maintained its 2024 capital and abandonment expenditures at $57 million
February 22, 2024, 6 AM MST
Petrus Resources Ltd. plans 2024 capital spending of $40 million to $50 million, of which approximately 90 per cent will be allocated toward drilling new wells in its Ferrier and North Ferrier areas.
February 22, 2024, 12 AM MST
Whitecap Resources Inc.’s 2024 capital budget is now expected to be $900 million to $1.1 billion, which is about $100 million lower than originally budgeted, to partially offset the cost of a Viking acquisition the company closed in the fourth quarter.
February 21, 2024, 3:33 PM MST
Peyto Exploration & Development Corp. delivered strong reserves growth across all categories in 2023 from its successful drilling program and the strategic acquisition of Repsol Canada Energy Partnership.
February 16, 2024, 6:28 AM MST
Birchcliff Energy Ltd.’s F&D capital expenditures were $304.6 million in 2023, including $58.2 million in the fourth quarter.
February 15, 2024, 6:40 AM MST
February 15, 2024, 9:30 AM MST
Greenfire Resources Ltd. is forecasting 2024 average consolidated net production of 22,000 - 25,000 bbls/d, which assumes capital expenditures of between $70 and $90 million, reflecting annual production growth of 25 per cent to 40 per cent over consolidated net production in 2023, which averaged approximately 17,700 bbls/d.
February 9, 2024, 12 AM MST
Crew Energy Inc.’s approved 2024 budget includes net capital expenditures of $165 to $185 million and incorporates a conservative drilling and completions program as well as $60 to $70 million in strategic electrification and infrastructure expansion projects.
February 9, 2024, 6 AM MST
The Montney formation dominated gas drilling in 2023, representing almost two-thirds of wells drilled.
February 8, 2024, 12 AM MST
Construction is under way at International Petroleum Corporation’s (IPC) Blackrod SAGD development, with first oil from the 30,000 bbls/d phase one of the project still on track for late 2026, said new company president and chief executive officer William Lundin at IPC’s Capital Markets Day.
February 7, 2024, 9:23 AM MST
With commodities prices currently testing bottom-decile levels due to North American supply growth and an exceptionally warm winter, Advantage Energy Ltd. is pursuing meaningful reductions to its capital program.
February 7, 2024, 12 AM MST
Athabasca Oil Corporation has closed its agreements with Cenovus Energy Inc. to create Duvernay Energy Corporation.
February 7, 2024, 7:27 AM MST
Athabasca Oil Corporation’s Thermal Oil division underpins the company’s strong free cash flow outlook, with an unchanged $135 million capital budget and production guidance of 32,000 – 33,000 bbl/d.
February 7, 2024, 7:33 AM MST
International Petroleum Corporation (IPC) reported positive operating and financial results in 2023, while it ramped up growth spending on its Blackrod SAGD project expected to deliver first oil in 2026.
February 6, 2024, 10:06 AM MST
Saturn Oil & Gas Inc. outlined a fully funded development capital budget of approximately $146 million, representing 47 per cent of midpoint expected 2024 adjusted funds flow, which will be directed towards the company's deep portfolio of light oil weighted development opportunities in Saskatchewan and Alberta.
February 6, 2024, 8:04 AM MST
Lycos Energy Inc. plans capital expenditures of $61.0 million for 2024, which includes the drilling of approximately 28 (27.2 net).
February 2, 2024, 12 AM MST
InPlay Oil Corp. has set a 2024 capital program of $64–$67 million.
January 29, 2024, 8:58 AM MST
Obsidian Energy Ltd.’s $345-$355 million capital plan for 2024 is focused on the continued development and exploration/appraisal of its Bluesky and Clearwater heavy oil assets in Peace River, as well as light oil development in Willesden Green/Pembina in central Alberta.
January 26, 2024, 12 AM MST
In Murphy Oil Corporation’s Tupper Montney, natural gas production averaged 386 mmcf/d in the fourth quarter, with no new wells brought online.
January 26, 2024, 9:51 AM MST
Almost 50 years after Canadian Hunter Exploration drilled the first Deep Basin natural gas discovery well in 1976 at Elmworth, exploration and development activity remains strong.
January 26, 2024, 12 AM MST
During mid-January 2024, extremely cold temperatures led to power outages and production disruptions in North Dakota, Enerplus Corporation reported.
January 26, 2024, 12 AM MST
Obsidian Energy Ltd. has set a 2024 capital plan of $345–$355 million, which doesn’t include decommissioning expenses.
January 25, 2024, 6:55 AM MST
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