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
Calfrac Well Services Ltd.’s board of directors approved a further increase in the company's 2021 capital budget to $70.0 million from $61.0 million in order to support the growth of its North American operations throughout the course of 2021 and into 2022.
November 25, 2021, 12 AM MST
Total Energy Services Inc. has increased its 2021 capital expenditure budget to $33.2 million (up by $6.5 million) in response to increasing demand for drilling rigs and compression rental equipment.
November 9, 2021, 10:34 AM MST
Higher oil and gas prices have put drilling crews back to work across North America but don’t expect a rapid increase in activity in the next few years, Pason Systems Inc. president and chief executive officer Jon Faber told analysts at the company’s third quarter conference call Thursday morning.
November 4, 2021, 1:04 PM MDT
PHX Energy Services Corp. has again increased its 2021 capital expenditure program, this time to $43 million from $35 million.
November 4, 2021, 12 AM MDT
Strong third quarter activity rates and revenues at Calfrac Well Services Ltd. are signs of a rapidly improving wells services market headed into 2022, the company said in its third quarter 2021 report to shareholders.
November 2, 2021, 8:45 AM MDT
SECURE Energy Services Inc.’s first quarter as a combined company with Tervita Corporation demonstrates that the increased size and scope generates significant free cash flow, improving overall leverage and enhancing the ability to deliver greater shareholder returns, says Rene Amirault, president and chief executive officer.
November 1, 2021, 12:42 PM MDT
SECURE Energy Services Inc. expects its 2022 sustaining capital spending will come to about $40 million, according to the third quarter financial and operational results, while additional sustaining capital related to landfill expansions comes to roughly $15 million, which assumes growth from industry activity levels.
November 1, 2021, 12:51 PM MDT
Western Energy Services Corp. has increased its capital budget for 2021 by $2 million to $8 million.
October 26, 2021, 6:35 AM MDT
October 25, 2021, 12 AM MDT
Precision Drilling Corporation’s Canadian drilling activity was nearly triple what it was in the third quarter of 2020 and the 51 average active rigs during the quarter represented the highest third quarter average activity since 2018.
October 21, 2021, 8:53 AM MDT
Oilfield service companies keep seeking out mergers and acquisitions that will prove successful, as highlighted in recent second quarter results and conference calls.
August 24, 2021, 5:08 AM MDT
Total Energy Services Inc. is increasing its full-year 2021 capital expenditures budget.
August 12, 2021, 10:57 AM MDT
Pason Systems Inc. increased its minority investment in Intelligent Wellhead Systems Inc. during this year’s second quarter, acquiring a portion of outstanding common shares for total cash consideration of $7.1 million.
August 11, 2021, 10:58 AM MDT
PHX Energy Services Corp. has increased its capital spending budget for 2021 to $35 million. This follows an earlier-announced $15 million to $25 million
August 4, 2021, 4:37 PM MDT
Western Energy Services Corp. has increased its capital budget for 2021 by $2 million to approximately $8 million.
July 26, 2021, 2:42 PM MDT
Western Canada’s rig activity was fairly static during the seasonal slowdown in May—in percentage terms, the active rate was much higher than last year, when the effects of the COVID-19 slowdown were fully taking hold (see graph).
May 28, 2021, 8:42 AM MDT
Cathedral Energy Services Ltd. has lifted its 2021 capital plan to roughly $4 million.
May 14, 2021, 6:33 AM MDT
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