ARC Resources Ltd.’s Attachie assets in northeast B.C. have the potential to grow to the size of its Kakwa condensate-rich assets in Alberta, which currently account for more than half the company’s almost 340,000 boe/d of production, president and chief executive officer Terry Anderson told analysts at ARC’s first quarter conference call.
May 5, 2023, 10:10 AM MDT
Lower commodity prices took a bite out of ARC Resources Ltd.’s operating cash flow and free cash flow in the first quarter of 2023, but the company continued delivering cash back to investors through share buybacks and increased dividends.
May 5, 2023, 9:21 AM MDT
ARC Resources Ltd.’s board has approved the sanction of Attachie Phase 1.
May 4, 2023, 3:38 PM MDT
In light of ongoing commodity price volatility, Gear Energy Ltd. has strategically reduced its planned 2023 capital expenditures by 12 per cent to $58 million.
May 4, 2023, 7:44 AM MDT
As a result of “anticipated ongoing weakness and volatility” in natural gas prices, Kiwetinohk Energy Corp. is moderating its pace of production growth for 2023 and is lowering capital spending.
May 3, 2023, 1:02 PM MDT
MEG Energy Corp. has reiterated its previously-disclosed plan to grow output at a moderate, sustainable pace on its way to average output of 120,000 bbls/d over the next two to three years.
May 3, 2023, 8:39 AM MDT
International Petroleum Corporation (IPC) reported record production of 52,800 boe/d in the first quarter of 2023 after closing the acquisition of southeast Alberta oil producer Cor4 Oil Corp.
May 2, 2023, 8:55 AM MDT
SECURE Energy Services Inc., through the first three months of 2023, saw revenue surge 16 per cent relative to the same period a year earlier.
April 28, 2023, 12 AM MDT
Whitecap Resources Inc. delayed activity on its recently acquired Montney natural gas assets and turned its attention to its oil assets in Saskatchewan and central Alberta in the first quarter of 2023 as gas prices tumbled in the quarter.
April 27, 2023, 9:06 AM MDT
Whitecap Resources Inc. is taking a break from deal-making in 2023 after a flurry of post-pandemic activity, company president and chief executive officer Grant Fagerheim told analysts at the company’s first quarter 2022 conference call Thursday.
April 27, 2023, 2:02 PM MDT
As a result of the increased snowfall during the past winter season, Yangarra Resources Ltd. made the decision to curtail capital spending until field conditions improve.
April 27, 2023, 12 AM MDT
Precision Drilling Corporation’s Q1 revenue was $559 million, an increase of 59 per cent over the first quarter of 2022 and nine per cent per cent sequentially.
April 26, 2023, 4:17 AM MDT
Global upstream oil and gas investment fell from a peak of just under $900 billion in 2014 to less than $400 billion in 2021, according to the annual Gas Market Report of the Gas Exporting Countries Forum (GECF).
April 19, 2023, 6 AM MDT
Cathedral Energy Services Ltd. has set a 2023 net capital expenditure budget of $46 million, increased from $35 million, which was preliminarily approved by the board of directors in 2022 Q4 to enable advance orders of strategic equipment for delivery in early 2023.
April 17, 2023, 5:52 AM MDT
It’s not an overstatement to say that Crescent Point Energy Corp. had a very good month in March for bold announcements and satisfactory reviews of its five-year growth and strategy planning.
April 12, 2023, 6 AM MDT
Oil prices must rise substantially for North American operators to start exploring, drilling lower-quality resources and to put money into longer-cycle projects, heard the recent annual Society of Petroleum Engineers (SPE) Canadian Energy Technology Conference and Exhibition.
April 5, 2023, 9:52 AM MDT
Here are highlights of Ovintiv Inc.’s Permian deal announced this morning.
April 3, 2023, 5:28 AM MDT
Hammerhead Energy Inc.'s 2023 capital program is development-focused with a continuous two-rig program expected to drill approximately 40 wells.
April 3, 2023, 9:38 AM MDT
Commensurate with the closing of its flow through share issuance on March 23, 2023, Journey Energy Inc. has updated its 2023 guidance.
April 3, 2023, 5:50 AM MDT
Crescent Point Energy Corp. has entered into an agreement with Spartan Delta Corp. to acquire Spartan's oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash.
March 28, 2023, 5:08 AM MDT
March 24, 2023, 11:24 AM MDT
Last year saw “transformational” financial results for Pieridae Energy Limited, driven by strong gas and liquids pricing, the company's ability to control costs in an inflationary year, and a revitalized hedging program.
March 23, 2023, 6 AM MDT
Despite an effort by some to promote a quick transition away from hydrocarbons to meet net-zero emissions targets, oil and gas will remain the foundation of global energy supply in 2050 as it will take much longer than many governments and people hope to develop new energy systems, according to a recent Society of Petroleum Engineers (SPE) Canadian Energy Technology Conference and Exhibition panel.
March 22, 2023, 10:52 AM MDT
Pieridae Energy Limited has revised annual net operating income (NOI) and netback guidance to reflect a lower commodity price forecast for the remainder of the year and is planning to defer certain expenditures into 2024, including investigating deferral of the maintenance turnaround at Waterton, which has been reflected in revised guidance.
March 22, 2023, 5:50 AM MDT
International M&A will continue to be the top priority for Tenaz Energy Corp.
March 22, 2023, 6:07 AM MDT
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