Precision Drilling Corporation anticipates increased demand for services and improved fleet utilization in 2022 as customers seek to maintain production levels and replenish inventories at currently high commodity-price levels, as inventories of drilled-but-uncompleted wells have depleted over the past several years.
April 28, 2022, 6:38 AM MDT
Cenovus Energy Inc. is hiking 2022 capital expenditures by $300 million to an updated range of $2.9-$3.3 billion, the company announced this morning.
April 27, 2022, 12:33 PM MDT
Cathedral Energy Services Ltd.’s estimated 2022 gross capital plan is approximately $14.9 million, excluding any potential acquisitions.
March 14, 2022, 3:41 PM MDT
Revenue generated in Canada by CES Energy Solutions Corp. reached $134 million over the final three months of 2021.
March 11, 2022, 3:38 PM MST
Essential Energy Services Ltd.’s 2022 capital budget is $6 million for the purchase of property and equipment and spending on maintenance activities.
March 10, 2022, 12 AM MST
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $210 - $220 million (up from $180 - $200 million).
March 9, 2022, 6:02 AM MST
In 2021, PHX Energy Services Corp. spent $35.3 million in capital expenditures, compared to $25.9 million for 2020.
February 24, 2022, 12 AM MST
Precision Drilling Corporation anticipates increasing activity in both Canada and the U.S. for 2022, based on customer inquiries and bid activity, and reflecting higher commodity prices.
February 10, 2022, 7:43 AM MST
International Petroleum Corporation (IPC) will focus 2022 Canadian spending on three properties.
February 9, 2022, 8:15 AM MST
The Petroleum Services Association of Canada (PSAC) anticipates increased activity across all oilfield service lines in 2022, with top brass highlighting an increase in site rehabilitation work.
February 3, 2022, 12 AM MST
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