Cathedral Energy Services Ltd.’s 2023 net capital program has been lowered to approximately $36 million down from the $46 million previously announced, excluding any potential acquisitions.
May 12, 2023, 7:06 AM MDT
As a result of the ongoing impact of a force majeure event on Pembina Pipeline Corporation’s Northern Pipeline system, Birchcliff Energy Ltd. currently expects that it will be on the low end of its annual average production guidance range of 77,000 to 80,000 boe/d.
May 11, 2023, 12 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
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
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
As a result of the recent weakness and volatility in natural gas prices and the potential for weakness in summer natural gas prices, Birchcliff Energy Ltd. has decided to slow the rate of its 2023 capital program by moving the drilling of nine (9.0 net) wells to Q3 2023 that were originally scheduled to be drilled in Q2 2023.
March 16, 2023, 2:36 PM MDT
Essential Energy Services Ltd.’s revenue in Q4 2022 was $40.3 million, 15 per cent higher than the same prior year quarter due to improved industry conditions.
March 6, 2023, 6:15 AM MST
The approved capital expenditure budget for the 2022-year was $85 million for PHX Energy Services Corp.
March 2, 2023, 3:33 AM MST
CWC Energy Services Corp. approved an additional $300,000 of maintenance capital and $3.7 million of growth capital, the bulk of which will be used to purchase real estate in the United States, bringing the total capital expenditure budget for 2023 to $30.3 million.
March 2, 2023, 12 AM MST
Enbridge Inc. says it continues to advance two potential commercial frameworks for the Canadian Mainline in parallel — a new incentive rate-making agreement and a Canadian Mainline cost-of-service application.
February 10, 2023, 10:30 AM MST
Precision Drilling Corporation’s capital spending in 2023 is expected to be $235 million and by spend category includes $163 million for sustaining, infrastructure and intangibles and $72 million for expansion and upgrades.
February 9, 2023, 12 AM MST
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
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