Precision Drilling Corporation is reducing its 2019 capital spending plan to $144 million, down $25 million from the previous guidance, following completion of its Kuwait new-build project, the company announced this morning.
August 19, 2019, 7:37 AM MDT
Second-quarter earnings highlighted the challenges of the volatile AECO market as Canadian producers tightened production guidance, reduced spending or deferred projects until the second half of the year — when prices are cautiously expected to improve.
August 14, 2019, 7:59 AM MDT
Pason Systems Inc. remains open to using mergers and acquisitions — made available through challenging times in the industry — as a means of reinforcing its initiatives in areas not directly tied to North American land drilling.
August 12, 2019, 10:31 AM MDT
Essential Energy Services Ltd. is adding another long-reach conventional coil tubing rig to its fleet based on anticipated demand from its customers.
August 8, 2019, 2:11 PM MDT
Gibson Energy Inc. is refining its expected 2019 capital budget to between $230 million and $280 million, reflecting growth projects the company has added since the start of this year.
August 7, 2019, 11:16 AM MDT
Husky Energy Inc. CEO Rob Peabody kicked off the company’s investor day in Toronto this morning going off-script with a message of cautious optimism about Canada’s oil and gas industry.
May 28, 2019, 10:30 AM MDT
Saskatchewan hasn’t been immune to the challenges facing the oil and gas sector.
April 12, 2019, 11:14 AM MDT
PHX Energy Services Corp. has increased its capital spending by $10 million to bring its anticipated capital expenditures budget to $25 million for 2019.
April 8, 2019, 10:13 AM MDT
MEG Energy Corp. executives say "the clouds have lifted" now that it is no longer being pursued by Husky Energy Inc. However, the outlook isn’t yet clear enough for the company to sanction its full 2019 capital program.
January 22, 2019, 10:56 AM MST
Essential Energy Services Ltd. has set its 2019 capital budget at $6 million, primarily for maintenance capital, given the uncertain outlook for oil and natural gas activity in the Western Canadian Sedimentary Basin for 2019.
January 9, 2019, 11:49 AM MST
Capital discipline during the first half of 2019 is a focus for many Canadian producers due to current volatility in WTI, AECO and differentials.
January 8, 2019, 9:32 AM MST
Total Energy Services Inc. has set its preliminary 2019 capital expenditure budget at $40.5 million.
January 8, 2019, 6 AM MST
Rig activity has slowed down markedly in Western Canada with the holiday period around the corner.
December 21, 2018, 8:43 AM MST
Husky Energy Inc. announced this morning it had set its 2019 capital budget at $3.4 billion as it continues to invest in a deep portfolio of higher-margin, longer-life projects.
December 20, 2018, 8:59 AM MST
Based on current plans, Keyera Corp. anticipates growth capital investment of $800 million to $900 million, excluding acquisitions, in 2019.
November 7, 2018, 11:33 AM MST
July 12, 2018, 10:46 AM MDT
PHX Energy Services Corp. says its board of directors has approved a $15 million increase in its 2018 capital expenditure program for anticipated spending of $33.5 million.
July 5, 2018, 3:16 AM MDT
Canada’s oil output will grow by about 1.41 million bbls/d over the next 18 years — less than if the country had more regulatory certainty, says the industry’s top trade group.
June 13, 2018, 6 AM MDT
May 31, 2018, 6 AM MDT
Total Energy Services Inc. has increased its 2018 capital expenditure budget by $15 million to support the continued growth of its compression rental fleet.
March 9, 2018, 10:24 AM MST
Trican Well Service Ltd.’s fourth quarter and year-end 2017 results improved dramatically from the same period in 2016 as higher activity levels, the acquisition of Canyon Services Group Inc. and significantly improved prices pumped up the bottom line.
February 22, 2018, 11:40 AM MST
Gibson Energy Inc. sanctioned the $50 million Viking pipeline project.
February 21, 2018, 7:30 AM MST
Activity for High Arctic Energy Services Inc.’s Concord Service rig operations in Canada remains strong.
February 5, 2018, 4:15 AM MST
Trinidad Drilling Ltd. is moving eight rigs to the Permian Basin to meet increased customer demand.
January 29, 2018, 5:39 AM MST
Essential Energy Services Ltd.’s 2018 capital budget is $13 million, comprised of $5 million of growth capital and $8 million of maintenance capital.
January 16, 2018, 3:28 AM MST