Secure Energy Services Inc. outlined a 2021 capital program of $15 million, which includes $12 million of sustaining capital.
February 26, 2021, 7:45 AM MST
Trican Well Service Ltd. has strengthened its liquidity and financial position post-Q4 2020 through agreements to sell non-core assets and businesses for proceeds of more than $7 million, which includes the signing of a definitive agreement to sell its software business for estimated proceeds of $6 million.
February 24, 2021, 5:57 AM MST
The final cost of Enbridge Inc.’s Line 3 replacement project has risen by 13 per cent to $9.3 billion (in source currency) from $8.2 billion but it remains on target for a fourth quarter 2021 in-service date, the company said today.
February 12, 2021, 10:02 AM MST
Cenovus Energy Inc. generated full-year adjusted funds flow of $147 million compared with $3.7 billion a year earlier.
February 9, 2021, 5:52 AM MST
Rystad Energy AS anticipates Canadian oilfield services capital spending of US$29.1 billion in 2021, compared with $27.5 billion in 2020 and $37 billion in 2019.
January 19, 2021, 6 AM MST
Data compiled by Evaluate Energy for this week’s guidance report shows that a basket of Canadian-based companies that have announced 2021 spending plans will have a combined $1.66-billion boost across the 25 companies, representing an increase in 2021 of 13 per cent over currently reported 2020 guidance for the same companies.
January 12, 2021, 10:34 AM MST
Total Energy Services Inc.’s preliminary 2021 capital expenditure budget is $9.1 million.
January 12, 2021, 12 AM MST
Rig activity increased steadily this week, the first full week back following the Christmas slowdown.
January 8, 2021, 10:30 AM MST
Ensign Energy Services Inc. has budgeted capital expenditures for 2021 of approximately $50 million.
January 4, 2021, 12 AM MST
Western Energy Services Corp. announced a preliminary 2021 capital expenditure budget of $6 million, which is expected to be maintenance capital.
January 4, 2021, 12 AM MST
Pembina Pipeline Corporation has set a 2021 capital budget of $730 million as it reactivates two previously deferred growth projects, a revised Phase VII Peace Pipeline expansion and Empress co-generation facility, although a joint venture petrochemical project has been suspended indefinitely.
December 14, 2020, 11:38 AM MST
Mullen Group Ltd. approved a capital budget of $60 million for 2021, exclusive of corporate acquisitions or investment in facilities, land and buildings.
December 10, 2020, 12 AM MST
Inter Pipeline Ltd. plans to spend $1 billion in capital for 2021.
December 10, 2020, 4:06 PM MST
Pipestone Energy Corp. has entered into an agreement with Veresen Midstream LP for an additional 50 mmcf/d of gas processing capacity at the Veresen Midstream Hythe gas plant as well as ancillary transportation and fractionation services with Pembina Pipeline Corporation and certain of its affiliates.
December 8, 2020, 8:16 AM MST
Calfrac Well Services Ltd. has laid out a 2021 capital program of $55 million, which consists primarily of maintenance capital expenditures.
December 7, 2020, 4:16 AM MST
PHX Energy Services Corp. has approved a preliminary 2021 capital expenditure program of $15 million.
December 7, 2020, 6:41 AM MST
Gibson Energy Inc.’s budget for growth capital expenditures in 2021 is “up to” $200 million.
December 7, 2020, 2:19 PM MST
Crescent Point Energy Corp. outlined capital expenditure plans of $475–$525 million for 2021 and annual average production guidance of 108,000 to 112,000 boe/d.
December 4, 2020, 7:23 AM MST
CWC Energy Services Corp. outlined a 2021 capital expenditure budget of $3.9 million which includes $800,000 carried over from the 2020 capital expenditure budget.
December 3, 2020, 2:43 PM MST
During the Petroleum Services Association of Canada’s (PSAC) ’s 2021 Canadian OFS activity forecast event, John Gibson, oil and gas services analyst for BMO Nesbitt Burns, said consolidation in the Canadian market has largely already occurred, and better-positioned OFS firms would prefer to let attrition run its course rather than consolidating competitors in an oversupplied market.
November 23, 2020, 11:01 AM MST
In 2020, PHX Energy Services Corp. expects to spend $27.5 million in capital expenditures, lower than the previously forecasted $30 million.
November 5, 2020, 7:29 AM MST
STEP Energy Services Ltd. has increased its 2020 maintenance capital budget by $2 million to $17.5 million, doing so in response to increased activity in the third quarter and expected activity in the fourth quarter.
November 4, 2020, 5:52 AM MST
Secure Energy Services Inc. anticipates a modest increase in drilling and completion activity in Q4 of 2020 and into 2021 as customers add production to offset natural declines and maintain flat production levels to hold cash flow levels, satisfy reserve-based lending commitments, and take advantage of hedge contracts.
November 2, 2020, 10:16 AM MST
Pipestone Energy Corp. kicked off drilling operations on the 3-12 pad in early September 2020.
September 18, 2020, 8:27 AM MDT
While COVID-19 and lower crude prices largely meant reduced capital spending during the second quarter, some Canadian oilfield services firms are seeing investment opportunities in the current business environment.
August 19, 2020, 6 AM MDT