Surge Energy Inc. has closed its bought deal public offering of flow-through common shares.
May 13, 2021, 1:50 PM MDT
Birchcliff Energy Ltd. is revising its 2021 guidance as a result of its strong new well performance and improved outlook for commodity prices.
May 13, 2021, 6:49 AM MDT
As a result of success achieved to date, Headwater Exploration Inc. plans to increase its capital expenditure budget for 2021 to $105–$110 million, up from the earlier guidance of $90–$95 million.
May 13, 2021, 8:50 AM MDT
With the material improvement in commodity prices over the last six months, Storm Resources Ltd. is currently evaluating an increase to capital investment in the second half of 2021 for its liquids-rich natural gas operations in northeast B.C.’s Montney.
May 13, 2021, 10:44 AM MDT
Bonterra Energy Corp. invested $23.5 million in capital expenditures during Q1 2021.
May 12, 2021, 12 AM MDT
Prairie Provident Resources Inc. is encouraged by early production and test data from the first two wells of its 2021 capital program.
May 12, 2021, 1:47 PM MDT
Spartan Delta Corp.’s capital expenditures for the remainder of 2021 will be focused on drill-ready development utilizing existing infrastructure across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
May 11, 2021, 7:57 AM MDT
Journey Energy Inc. has decided to take a conservative approach to capital spending for 2021, with a focus on repaying a significant portion of the October 2020 AIMCo borrowings during the year.
May 11, 2021, 8:18 AM MDT
ARC Resources Ltd.'s updated 2021 capital budget of $950 million to $1 billion is designed to sustain production and maximize free funds flow generation.
May 6, 2021, 6:31 AM MDT
The Petroleum Services Association of Canada (PSAC) raised its forecast last week for rig releases in Canada to 3,600 wells.
May 5, 2021, 7:58 AM MDT
Following the acquisition of Anegada Oil Corp., Tamarack Valley Energy Ltd. expects to spend $165 – $175 million for 2021, up from the previous estimate of $125 – $130 million.
May 5, 2021, 12 AM MDT
As a result of significantly improved commodity prices, Gear Energy Ltd. intends to increase its 2021 capital and abandonment expenditure investment to $27 million from $20 million.
May 5, 2021, 2:13 PM MDT
Paramount Resources Ltd. has entered into a definitive agreement for the sale of its non-operated Birch asset in northeast British Columbia for total consideration of $77 million.
May 5, 2021, 7:41 AM MDT
Gibson Energy Inc. reported a “solid start” to 2021, with strong financial results, commercial advancements, and development of its environmental, social and governance (ESG) and sustainability practices.
May 4, 2021, 11:06 AM MDT
Baytex Energy Corp. currently forecasts between $285 million and $315 million in exploration and development spending for full-year 2021, which is up 15 per cent from the previous guidance and reflects the company’s stronger operational momentum and the strength in commodity prices, says management.
April 30, 2021, 10:46 AM MDT
CWC Energy Services Corp.’s board has approved an additional $700,000 of growth capital to further upgrade one of its drilling rigs.
April 29, 2021, 3:01 PM MDT
Western Energy Services Corp. capital budget for 2021 is $6 million, which is expected to be maintenance capital.
April 27, 2021, 1:58 PM MDT
The oilfield services industry outlook and customer sentiment has improved in recent months, says Precision Drilling Corporation, which is largely due to vaccine announcements, the reopening of economies and steadily increasing commodity prices.
April 22, 2021, 6:33 AM MDT
The Daily Oil Bulletin has published the March edition of the On The Move newsletter.
April 15, 2021, 10:41 AM MDT
Tamarack Valley Energy Ltd. is acquiring Anegada Oil Corp., a privately held pure play Charlie Lake light-oil producer, for total net consideration of $494 million, after deducting the proceeds from the sale of a two per cent newly created gross overriding royalty (GORR) on the acquired assets.
April 12, 2021, 5:41 AM MDT
PHX Energy Services Corp. announced a $10 million increase to its 2021 capital expenditure program.
April 9, 2021, 4:18 PM MDT
Following its asset acquisition in the Williston Basin announced this morning, Enerplus Corporation will increase its capital spending outlook for 2021.
April 8, 2021, 6:53 AM MDT
Although commodity prices began improving in the latter half of 2020 and continued to hold relatively steady so far this year, the growth-versus-debt reduction plans of three western Canadian intermediate producers have not been altered, the 2021 Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium heard Wednesday.
April 7, 2021, 4:19 PM MDT
Alberta Premier Jason Kenney gave participants of the recent Canadian Association of Oilwell Drilling Contractors (CAODC) annual general meeting and virtual town hall “a little heads up to stay tuned for what will be very good news in the upcoming federal budget” for Alberta’s energy sector in terms of carbon capture, utilization and storage (CCUS).
April 6, 2021, 10:48 AM MDT
Operators working in British Columbia have increased their licensing and drilling activity during the first two months of 2021 compared to the same timeframe a year ago.
March 30, 2021, 7:51 AM MDT