Cathedral Energy Services Ltd.’s board of directors has approved a net capital budget of $46 million for 2023.
January 16, 2023, 12 AM MST
Western Energy Services Corp. outlined a 2023 capital expenditure budget of approximately $30 million, including $7 million of committed expenditures from 2022 that will carry forward into 2023, which is expected to be comprised of approximately $21 million of maintenance capital and $9 million of expansion capital.
January 13, 2023, 12 AM MST
Tourmaline Oil Corp. reported a 2022 exit volume production of 528,000 boe/d.
January 12, 2023, 3:31 PM MST
Total Energy Services Inc. has set a capital budget of $51.7 million which includes $25.6 million of expansion capital and $26.1 million for equipment maintenance and recertifications.
January 10, 2023, 7:16 AM MST
STEP Energy Services Ltd.’s board of directors has approved a $45 million increase in the 2023 capital program, bringing the total 2023 capital budget to approximately $100 million.
January 9, 2023, 12 AM MST
Pembina Pipeline Corporation announced 2023 adjusted EBITDA guidance of $3.5 to $3.8 billion and a 2023 capital investment program of $730 million.
December 12, 2022, 7:14 AM MST
Gibson Energy Inc.’s target for growth capital expenditures in 2023 is between $100 million and $125 million, depending on the timing of the sanction of certain growth opportunities.
December 6, 2022, 12 AM MST
Enbridge Inc. announced an annualized common share dividend increase from $3.44 to $3.55 per share, or 3.2 per cent, effective March 1, 2023.
November 30, 2022, 5:56 AM MST
With what it called a “constructive outlook for 2023,” the Cathedral Energy Services Ltd. board has approved a preliminary net capex budget of $35 million, which will enable advance orders of strategic equipment.
November 16, 2022, 12 AM MST
Fresh off of a quarter that saw it post record quarterly results, Total Energy Services Inc. executives say current indications are that North American industry activity levels will continue to moderately increase as the winter drilling season continues to ramp-up.
November 14, 2022, 12 AM MST
Pipestone Energy Corp. is increasing its capital expenditure guidance for 2022, from $225 - $235 million to an estimate of $240 million.
November 9, 2022, 7:48 AM MST
PHX Energy Services Corp. announced a preliminary 2023 capital expenditure program of $50 million.
November 9, 2022, 12 AM MST
Enbridge Inc. added approximately $3.8 billion of growth capital to its secured capital program during the third quarter.
November 4, 2022, 11:05 AM MDT
SECURE Energy Services Inc. has set an initial capital plan of $135 million for 2023, which includes $50 million of growth capital.
November 4, 2022, 12 AM MDT
STEP Energy Services Ltd.’s 2022 approved capital budget has been increased to $97.6 million, which includes the $3.8 million cash portion related the acquisition of coiled tubing assets from ProPetro.
November 3, 2022, 4:55 AM MDT
STEP Energy Services Ltd. announced a client-backed upgrade to its Canadian fracturing fleet.
September 15, 2022, 12 AM MDT
Trican Well Service Ltd. will continue to expand its fleet of next generation, low emissions fracturing equipment by upgrading its fourth set of existing pumping equipment with CAT Tier 4 dynamic gas blending (DGB) engines.
September 12, 2022, 6:37 AM MDT
Oilfield service prices are improving but the sector still needs further gains to get margins back to sustainable levels, Total Energy Services Inc. president and chief executive officer Daniel Halyk told analysts on the company’s 2022 second quarter conference call.
August 10, 2022, 12 AM MDT
In response to increasing activity levels and longer lead times for certain equipment, Total Energy Services Inc. has increased its 2022 capital expenditure budget to $56.2 million.
August 9, 2022, 12 AM MDT
The Key Access Pipeline System (KAPS) is now over 70 per cent complete and the project is estimated to cost approximately $900 million, net to Keyera Corp. (previously $800 million to $880 million).
August 4, 2022, 12 AM MDT
Essential Energy Services Ltd.’s 2022 capital forecast has increased from $6 million to $9 million, which includes $3 million for growth capital and $6 million for maintenance capital.
August 4, 2022, 5:36 AM MDT
During the second quarter, Enbridge Inc. added $3.6 billion of growth capital to its secured capital program, including a US$400 million extension of the Texas Eastern System associated with Venture Global's Plaquemines LNG project, an estimated $1.2 billion expansion of B.C. Pipeline System’s T-North section and a US$1.5 billion investment in the Woodfibre LNG facility.
July 29, 2022, 6:06 AM MDT
TC Energy Corporation’s total capital expenditures for 2022 are now expected to be approximately $8.5 billion.
July 28, 2022, 7:26 AM MDT
Precision Drilling Corporation increased its capital spending plan to $149 million in response to higher demand and expected customer contracted upgrades on over 20 drilling rigs for 2022.
July 27, 2022, 4:43 AM MDT
SECURE Energy Services Inc. continues to benefit from its 2021 acquisition of Tervita Corporation and strong industry conditions, factors that helped the company post strong Q2 results.
July 27, 2022, 10:40 AM MDT