ARC Resources Ltd. and Seven Generations Energy Ltd. outlined a pro forma 2021 capital spending estimate of $1 billion to $1.1 billion, which will primarily be focused on sustaining production at the companies’ core operating properties.
February 10, 2021, 7:55 PM MST
Hemisphere Energy Corporation’s capital spending for 2020 was minimal at $1.5 million, with the remainder of funds flow allocated to debt repayment.
February 10, 2021, 8:57 AM MST
Pipestone Energy Corp.’s Q4 2020 production averaged 17,734 boe/d (31 per cent condensate, 44 per cent total liquids), the highest quarterly production since inception.
February 10, 2021, 9:22 AM MST
Despite a strengthening crude oil price environment both Suncor Energy Inc. and Imperial Oil Limited said last week they have no current plans to increase 2021 spending levels.
February 9, 2021, 10:44 AM MST
Cenovus Energy Inc. generated full-year adjusted funds flow of $147 million compared with $3.7 billion a year earlier.
February 9, 2021, 5:52 AM MST
The recovery of International Petroleum Corporation’s (IPC) Canadian oil production continued during the fourth quarter resulting in full-year net production averaging in excess of 42,000 boe/d.
February 9, 2021, 10:36 AM MST
February 5, 2021, 9:26 AM MST
Suncor Energy Inc. will not be increasing its 2021 capital spending plan beyond the current range, president and CEO Mark Little said this morning.
February 4, 2021, 9:59 AM MST
CNOOC Limited’s total capital expenditure for 2021 is budgeted at RMB90 billion to RMB100 billion.
February 4, 2021, 6 AM MST
On Jan. 27, U.S. President Joe Biden signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon for job creation.
February 2, 2021, 8:27 AM MST
Imperial Oil Limited reported net losses of $1.15 billion and $1.86 billion for Q4 and year-end 2020, reflecting a non-cash impairment charge of $1.17 billion after-tax in the fourth quarter, which relates to a previously-announced decision to no longer develop a significant portion of the company’s unconventional portfolio.
February 2, 2021, 8:20 AM MST
Among producers focused solely on a North American asset base, Ovintiv Inc. recorded the highest capital spend in Q3 2020 at US$351 million, based on data released today by Evaluate Energy.
February 2, 2021, 8:28 AM MST
ConocoPhillips swung to a net loss in Canada for 2020, a year in which the consolidated operation also reported red ink during a tough year.
February 2, 2021, 8:50 AM MST
During 2021, Crew Energy Inc. is on track with its previously-announced plans to invest $120–$145 million of capital, which is expected to drive average production of 26,000 to 28,000 boe/d.
February 1, 2021, 7:08 AM MST
Altura Energy Inc. outlined a capital budget of $6 million for 2021, funded with forecasted cash flow from operating activities, credit facilities, and the 2021 asset dispositions.
February 1, 2021, 12 AM MST
Cenovus Energy Inc. says its “disciplined” 2021 capital budget of $2.3–$2.7 billion includes sustaining capital of approximately $2.1 billion to deliver upstream production of approximately 755,000 boe/d and downstream throughput of approximately 525,000 bbls/d.
January 28, 2021, 11:18 AM MST
Murphy Oil Corporation has earmarked US$95 million in capital spending this year for its Canadian onshore business.
January 28, 2021, 9:51 AM MST
TransGlobe Energy Corporation’s 2021 capital program of $27.2 million (before capitalized G&A) includes $10.6 million for Canada and $16.6 million for Egypt.
January 28, 2021, 12 AM MST
Surge Energy Inc. outlined 2021 exploration and development capital spending plans of $55 million, including corporate overhead charges.
January 27, 2021, 4:38 PM MST
This week’s guidance report, for announcement made Jan. 18-22, includes updates for Birchcliff Energy Ltd., Canacol Energy Ltd., Cardinal Energy Ltd. and Vermilion Energy Inc.
January 26, 2021, 10:49 AM MST
Enerplus Corporation’s planned capital spending for 2021 is $335 to $385 million, assuming completion of the Bruin E&P HoldCo, LLC acquisition announced on Monday.
January 25, 2021, 3:08 PM MST
Birchcliff Energy Ltd. outlined a F&D capital budget of $210 million to $230 million for 2021, which targets an annual average production rate of 78,000 to 80,000 boe/d.
January 20, 2021, 2:43 PM MST
Rystad Energy AS anticipates Canadian oilfield services capital spending of US$29.1 billion in 2021, compared with $27.5 billion in 2020 and $37 billion in 2019.
January 19, 2021, 6 AM MST
Elizabeth Aquin, interim president and chief executive officer of the Petroleum Services Association of Canada (PSAC), anticipates oilfield services capital spending in 2021 to be similar to 2020 — a year that began with pipeline protests and blockades before the COVID-19 lockdown, downturn and low oil prices hammered the energy sector.
January 19, 2021, 12 AM MST
Industry primarily will focus this year’s spending within Alberta and British Columbia, says a Canadian Association of Petroleum Producers (CAPP) forecast released Jan. 13, with the largest year-over-year percentage increase for capex in B.C.
January 19, 2021, 11:14 AM MST