Pieridae Energy Limited this morning outlined a 2021 upstream capital plan of $45–55 million.
December 7, 2020, 6:13 AM MST
Calfrac Well Services Ltd. has laid out a 2021 capital program of $55 million, which consists primarily of maintenance capital expenditures.
December 7, 2020, 4:16 AM MST
PHX Energy Services Corp. has approved a preliminary 2021 capital expenditure program of $15 million.
December 7, 2020, 6:41 AM MST
Gibson Energy Inc.’s budget for growth capital expenditures in 2021 is “up to” $200 million.
December 7, 2020, 2:19 PM MST
Crescent Point Energy Corp. outlined capital expenditure plans of $475–$525 million for 2021 and annual average production guidance of 108,000 to 112,000 boe/d.
December 4, 2020, 7:23 AM MST
CWC Energy Services Corp. outlined a 2021 capital expenditure budget of $3.9 million which includes $800,000 carried over from the 2020 capital expenditure budget.
December 3, 2020, 2:43 PM MST
Athabasca Oil Corporation is planning expenditures of $75 million for 2021 focused on sustaining projects at Leismer along with routine maintenance activities at all properties.
December 3, 2020, 3:59 AM MST
Baytex Energy Corp. outlined a 2021 capital budget of $225–$275 million, which is designed to generate free cash flow and average annual production of 73,000 to 77,000 boe/d.
December 2, 2020, 3:24 PM MST
Numerous Canadian E&P and oilfield services companies have applied for and received abandonment and reclamation funding under the Alberta Site Rehabilitation Program (SRP), funds that have been — or will be — used in the field.
December 1, 2020, 10:47 AM MST
Suncor Energy Inc. expects a 2021 capital program of between $3.8 and $4.5 billion, which will largely be comprised of sustaining capital of $2.9 to $3.4 billion — this includes in situ well pads.
November 30, 2020, 3:34 PM MST
Exxon Mobil Corporation has completed a review of its forward business plans and will prioritize near-term capital spending on “advantaged assets” with the highest potential future value, including developments in Guyana and the U.S. Permian Basin, targeted exploration in Brazil and Chemicals projects to grow high-value performance products.
November 30, 2020, 2:58 PM MST
Obsidian Energy Ltd. will increase its 2020 capital program by $3.2 million to begin drilling activity on the first pad within its Central Alberta Willesden Green asset.
November 30, 2020, 10 AM MST
U.S. shale operators’ drilling and completions capex, which enjoyed strong levels in 2019 at US$98.7 billion, will more than halve in 2020, Rystad Energy projects, and decline to just US$45.2 billion.
November 24, 2020, 10:57 AM MST
During the Petroleum Services Association of Canada’s (PSAC) ’s 2021 Canadian OFS activity forecast event, John Gibson, oil and gas services analyst for BMO Nesbitt Burns, said consolidation in the Canadian market has largely already occurred, and better-positioned OFS firms would prefer to let attrition run its course rather than consolidating competitors in an oversupplied market.
November 23, 2020, 11:01 AM MST
Imperial Oil Limited plans to spend an average of up to about $1.4 billion annually over the 2020-2024 period, down 30 per cent from last year’s view, as it looks to invest for value and select volume growth, analysts heard Thursday.
November 20, 2020, 6 AM MST
In light of the recent strength of natural gas prices and a relatively enticing forward strip, some Canadian natural gas-weighted producers are increasing capital programs or, in the case of Canadian Natural Resources Limited, diverting more spending to its natural gas assets.
November 17, 2020, 9:58 AM MST
While specifics of its 2021 budget are not yet finalized, Peyto Exploration & Development Corp.’s president and CEO says the company is currently considering a 2021 capital program of $300-$350 million which would be funded entirely from free cash flow.
November 12, 2020, 10:47 AM MST
Although Birchcliff Energy Ltd. has not yet finalized its 2021 capital spending plans, it is currently targeting F&D capital spending of $200 million to $220 million and an annual average production rate of 78,000 to 80,000 boe/d.
November 12, 2020, 3:36 PM MST
Tamarack Valley Energy Ltd. is accelerating $9.4 million of capital from its Q1 2021 program into Q4 2020 to take advantage of stronger winter gas pricing and lower service costs.
November 11, 2020, 5:45 AM MST
Guidance season officially kicked off last week with several producers announcing 2021 budgets, as well as a stated focus next year on free cash flow generation.
November 10, 2020, 11:13 AM MST
Kelt Exploration Ltd. has approved a capital expenditure budget of $90 million for 2021.
November 10, 2020, 7:25 AM MST
Enerplus Corporation has increased its 2020 annual production guidance following a successful North Dakota well program, which is outperforming expectations.
November 9, 2020, 6 AM MST
Seven Generations Energy Ltd. has set a 2021 capital budget of $650 million capital budget, unchanged from this year.
November 9, 2020, 11:40 AM MST
ARC Resources Ltd. has approved a capital budget for 2021 that will range from $375 million to $425 million and focus on maximizing the generation of surplus funds from operations.
November 6, 2020, 5:41 AM MST
Paramount Resources Ltd. expects to finalize its 2021 capital budget and related guidance in the first quarter of 2021. Based on preliminary planning and current market conditions, the company anticipates 2021 capital spending, excluding land acquisitions and abandonment and reclamation activities, to range between $225 million and $275 million.
November 6, 2020, 7:19 AM MST