Current fundamentals underlying the energy sector are the best that Kevin Neveu, president and chief executive officer of Precision Drilling Corporation, has seen in his career.
June 14, 2022, 12 AM MDT
Total Energy Services Inc. experienced strongly improved industry conditions in North America and Australia for Q1 2022 when compared to the same period last year, which is reflected in the company’s financial results.
May 12, 2022, 5:11 AM MDT
In response to the higher activity expectations, STEP Energy Services Ltd.’s board of directors has approved an increase of $8.3 million to the 2022 capital program, increasing it to $56.0 million.
May 12, 2022, 7:26 AM MDT
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $225 - $235 million (up from $210 - $220 million).
May 11, 2022, 6:11 AM MDT
PHX Energy Services Corp.’s 2022 capital expenditures budget is now expected to be $85 million, with the $37.3 million increase expected to be allocated toward purchasing up to 100 Atlas motors, 30 Velocity kits and additional PowerDrive Orbit RSS for delivery late in 2022 and into 2023.
May 5, 2022, 12 AM MDT
First quarter revenue for Western Energy Services Corp. increased by $13.5 million or 37 per cent, to $50.5 million in 2022 as compared to $37.0 million in the first quarter of 2021.
May 5, 2022, 3:18 PM MDT
With recent cost inflation that is being experienced by the industry, Advantage Energy Ltd.’s 2022 capital program is “migrating towards the top” of its guidance range at approximately $200 million.
April 29, 2022, 6:32 AM MDT
Precision Drilling Corporation anticipates increased demand for services and improved fleet utilization in 2022 as customers seek to maintain production levels and replenish inventories at currently high commodity-price levels, as inventories of drilled-but-uncompleted wells have depleted over the past several years.
April 28, 2022, 6:38 AM MDT
Cenovus Energy Inc. is hiking 2022 capital expenditures by $300 million to an updated range of $2.9-$3.3 billion, the company announced this morning.
April 27, 2022, 12:33 PM MDT
Cathedral Energy Services Ltd.’s estimated 2022 gross capital plan is approximately $14.9 million, excluding any potential acquisitions.
March 14, 2022, 3:41 PM MDT
Revenue generated in Canada by CES Energy Solutions Corp. reached $134 million over the final three months of 2021.
March 11, 2022, 3:38 PM MST
Essential Energy Services Ltd.’s 2022 capital budget is $6 million for the purchase of property and equipment and spending on maintenance activities.
March 10, 2022, 12 AM MST
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $210 - $220 million (up from $180 - $200 million).
March 9, 2022, 6:02 AM MST
In 2021, PHX Energy Services Corp. spent $35.3 million in capital expenditures, compared to $25.9 million for 2020.
February 24, 2022, 12 AM MST
Precision Drilling Corporation anticipates increasing activity in both Canada and the U.S. for 2022, based on customer inquiries and bid activity, and reflecting higher commodity prices.
February 10, 2022, 7:43 AM MST
International Petroleum Corporation (IPC) will focus 2022 Canadian spending on three properties.
February 9, 2022, 8:15 AM MST
The Petroleum Services Association of Canada (PSAC) anticipates increased activity across all oilfield service lines in 2022, with top brass highlighting an increase in site rehabilitation work.
February 3, 2022, 12 AM MST
Pembina Pipeline Corporation’s latest Peace River Pipeline expansion projects are moving towards completion, providing an outlet for increasing Montney natural gas and liquids production.
December 8, 2021, 8:13 AM MST
Enbridge Inc. has sanctioned $1.1 billion of new capital projects, adding to its organic growth capital backlog, which is expected to drive EBITDA generation through 2024, consistent with its low-risk commercial model.
December 7, 2021, 5:23 AM MST
CWC Energy Services Corp. has outlined a 2022 capital expenditure budget of $9.9 million.
December 7, 2021, 12 AM MST
Gibson Energy Inc. is targeting 2022 growth capital expenditures of about $150 million, depending on the timing of sanctioning for certain growth opportunities.
December 6, 2021, 4:15 PM MST
TC Energy Corporation is not reliant on mergers and acquisitions to deliver on a stated minimum five-per-cent growth rate, which François Poirier, president and chief executive officer, says the company can achieve organically.
December 2, 2021, 12 AM MST
PHX Energy Services Corp. has lifted its 2022 capital plan by $10 million.
December 2, 2021, 12 AM MST
With the expectation that natural gas will play an increasing role in the ongoing energy transition, TC Energy Corporation will direct the vast majority of its $29 billion capital program over the next five years to its natural gas pipeline business, the company’s top executive told an investor day event this morning.
December 1, 2021, 11:24 AM MST
The Petroleum Services Association of Canada (PSAC) recently lifted its 2021 forecast to a yearly total of 4,650 wells drilled, based on improved activity in the second half of the year.
December 1, 2021, 9:35 AM MST
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.