During the second half of 2023, Perpetual Energy Inc. is planning to participate at its 50 per cent working interest in an East Edson drilling program to drill, complete, equip and tie-in an additional four to six (2.0 to 2.8 net) horizontal wells to fill the West Wolf gas plant in order to optimize production and operating costs, meet transportation commitments and maximize natural gas and NGL sales through next winter.
August 4, 2023, 8:33 AM MDT
Canadian activity levels are expected to hold steady through the second half of the year, according to STEP Energy Services Ltd.
August 3, 2023, 9:15 AM MDT
Kiwetinohk Energy Corp. has decreased its capital and production guidance for 2023.
August 2, 2023, 9:15 AM MDT
Obsidian Energy Ltd.’s 2023 guidance is being revised, the company announced in its Q2 results.
August 2, 2023, 6:16 AM MDT
With the recent volatility in commodity pricing and positive performance of the Pekisko wells drilled in 2023 to date, Pine Cliff Energy Ltd. has elected to defer the drilling of its remaining budgeted one gross (0.7 net) NTU Pekisko oil well until 2024 and replace a portion of this expenditure with recompletion work in the Twining area.
August 2, 2023, 12 AM MDT
Gear Energy Ltd. lowered its planned 2023 capital expenditures by an additional $8 million to $50 million.
July 27, 2023, 12 AM MDT
Whitecap Resources Inc. benefitted from strong realized crude oil prices and higher production in the second quarter, generating $415 million of funds flow and $197 million of free funds flow after $218 million of capital expenditures.
July 27, 2023, 7:29 AM MDT
Ovintiv Inc. has lowered the high end of its capital guidance range.
July 27, 2023, 3:24 PM MDT
Canada’s gas producers posted five-year highs in capital spending in Q1 2023, according to new analysis using Evaluate Energy’s cash flow data.
July 19, 2023, 6 AM MDT
Enserva is forecasting the number of wells drilled in Western Canada to increase by 12 per cent to 6,180 in 2023 (5,500 in 2022) and total metres drilled to increase by 14 per cent to 20 million (17.5 million in 2022).
July 14, 2023, 8:50 AM MDT
North America’s oil and gas capital expenditure is at a five-year high despite significant cuts to operating cash flow caused by lower per-bbl prices.
July 12, 2023, 6 AM MDT
BP plc is one of the few oil majors to set an absolute Scope 3 emissions reduction target — meaning it has a goal to reduce the emissions from the combustion of the fossil fuels it produces, as well as the emissions it takes to produce them.
July 6, 2023, 12 AM MDT
Tenaz Energy Corp. is acquiring 100 per cent of the issued and outstanding shares of XTO Netherlands Ltd. from XH LLC, a wholly owned subsidiary of Exxon Mobil Corporation.
June 27, 2023, 12 AM MDT
Baytex Energy Corp. announced Tuesday the closing of its acquisition of Ranger Oil Corporation.
June 21, 2023, 9:16 AM MDT
Ovintiv Inc. closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv's existing Permian operations.
June 13, 2023, 7:41 AM MDT
Persistently-weak North American natural gas prices over recent months have led to the commodity’s increased use in U.S. power generation, which is a situation that should lead to improved pricing as 2023 continues to unfold, says RBN Energy LLC’s senior analyst Martin King.
June 12, 2023, 11:13 AM MDT
May 25, 2023, 12 AM MDT
Spartan Delta Corp.’s capital expenditure budget and guidance for 2023 is presented on a pro forma basis, accounting for the forthcoming distribution of the cash proceeds of the asset sale and the shares and warrants of Logan Energy Corp. to Spartan's shareholders.
May 17, 2023, 5:27 AM MDT
Rubellite Energy Inc.’s board of directors has approved capital spending for the remainder of 2023 of $30 to $32 million to drill, complete, equip and tie-in an additional 17 (17.0 net) multi-lateral development / step-out wells at Figure Lake and $4 to $6 million to drill up to three (2.0 net) multi-lateral Northern exploratory wells.
May 12, 2023, 12 AM MDT
The current price environment and outlook for the remainder of the year is materially lower than the assumptions used to develop Petrus Resources Ltd.’s 2023 capital budget.
May 12, 2023, 6:11 AM MDT
Cathedral Energy Services Ltd.’s 2023 net capital program has been lowered to approximately $36 million down from the $46 million previously announced, excluding any potential acquisitions.
May 12, 2023, 7:06 AM MDT
As a result of the ongoing impact of a force majeure event on Pembina Pipeline Corporation’s Northern Pipeline system, Birchcliff Energy Ltd. currently expects that it will be on the low end of its annual average production guidance range of 77,000 to 80,000 boe/d.
May 11, 2023, 12 AM MDT
Athabasca Oil Corporation expects Western Canadian Select (WCS) prices to strengthen in the back half of 2023 and into 2024.
May 11, 2023, 6:11 AM MDT
Gas-weighted North American operators faced extreme price volatility in 2022. Panic over gas shortages in Europe leading into winter due to the war in Ukraine drove North American natural gas prices to levels not seen since the early 2000s.
May 10, 2023, 7:02 AM MDT
Evaluate Energy corporate guidance data shows North American operators will increase their capital spend by 17 per cent in 2023, with the 98 companies reporting guidance expecting to spend $118 billion in 2023.
May 10, 2023, 9:26 AM MDT
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