Ensign Energy Services Inc. announced a 2018 capital expenditure plan of $64 million, comprised of $43 million for capital maintenance on the fleet and $21 million of equipment and optimization upgrades to the current fleet.
December 8, 2017, 6 AM MST
Gibson Energy Inc. announced a 2018 growth capital expenditure budget in the range of $120 million to $150 million, with in excess of 90 per cent of investment directed towards sanctioned growth projects.
December 6, 2017, 6 AM MST
Calfrac Well Services Ltd.’s 2018 capital budget of approximately $132 million includes $104 million of maintenance capital, $22 million in refurbishment capital and $6 million in corporate initiatives.
December 6, 2017, 4:42 AM MST
Kinder Morgan Canada Limited expects to invest $1.9 billion in 2018 on expansion projects and other discretionary spending, of which $1.8 billion is associated with the Trans Mountain expansion project and the balance is associated with the Base Line Terminal.
December 5, 2017, 6 AM MST
Husky Energy Inc. today announced a capital budget of $2.9-$3.1 billion for next year, including $1-$1.1 billion in growth capital and $1.9-$2 billion in sustaining and corporate capital.
December 4, 2017, 11:04 AM MST
Precision Drilling Corporation announced a 2018 capital expenditure plan of $94 million, comprised of $62 million for maintenance and infrastructure and $32 million to upgrade existing rigs.
December 4, 2017, 4:24 AM MST
Pembina Pipeline Corporation’s board of directors has approved the development of its proposed liquefied petroleum gas (LPG) export terminal.
November 30, 2017, 3:51 AM MST
In announcing a strategy update on Wednesday, Enbridge Inc. says it identified $10 billion of non-core assets and intends to sell or monetize a minimum of $3 billion in 2018.
November 30, 2017, 10:26 AM MST
Cathedral Energy Services Ltd. saw substantial improvements to its financial results for Q3 2017, due to improvements in overall drilling activity in both Canada and the United States.
November 10, 2017, 11:17 AM MST
STEP Energy Services Ltd. has expanded its 2017 capital program by $15 million, bringing the revised capital program to $115 million.
November 8, 2017, 5:34 AM MST
Ensign Energy Services Inc. saw more demand for oilfield services in Q3 2017 with modest commodity price recovery compared to the third quarter of last year.
November 7, 2017, 8:36 AM MST
Ensign Energy Services Inc. has revised its net capital expenditures for 2017 to between $100 million and $105 million, compared to the previous estimate of $90 million to $95 million (DOB, Aug. 8, 2017).
November 6, 2017, 8:27 AM MST
What a difference a year makes.
November 2, 2017, 10:02 AM MDT
Earnings season got into full swing on Thursday, with several of the large Canadian producers and a key pressure pumper reporting third quarter results—and already there was some movement on the capital spending front.
October 27, 2017, 6 AM MDT
Due partly to better cost efficiencies, Husky Energy Inc. has cut its capital spending guidance for 2017 to the $2.2-$2.3 billion range.
October 26, 2017, 11:56 AM MDT
Continuing with a trend established earlier this year, in its first and second quarters, Calfrac Well Services Ltd. announced a boost in capital spending Thursday, as it released its third quarter results, with signs that the pressure pumping business has recovered from a two to three year downturn.
October 26, 2017, 7:59 AM MDT
Pembina Pipeline Corporation says that to accommodate incremental volume commitments from customers, the company is adding additional infrastructure and increasing “operational flexibilities” to its previously announced Phase V pipeline expansion, which included a 20-inch pipeline from Lator to Fox Creek, Alberta.
September 28, 2017, 6:33 AM MDT
Acquiring Savanna Energy Services Corp. earlier this year led to sharply-higher revenue for Total Energy Services Inc. in the second quarter and year to date, the company reported today.
August 11, 2017, 11:26 AM MDT
Responding to stronger field activity, Essential Energy Services Ltd. has hiked its 2017 capital budget 43.8 per cent to $23 million, management said in releasing second-quarter results this week.
August 10, 2017, 11:26 AM MDT
Keyera Corp. says it has seen a surge in throughput at its Simonette gas plant, setting a new record in June as producers continue to develop the liquids-rich Montney geological zone.
August 10, 2017, 10:48 AM MDT
As Mullen Group Ltd. released second-quarter results Tuesday, the company’s chief executive said the huge capital projects that were formerly typical of Western Canada’s oilsands sector are “endangered.”
July 26, 2017, 12 AM MDT
Responding to a resurgence in industry activity, one of Canada’s remaining pressure-pumping contractors is boosting capital spending to $65 million from $45 million, the company said today.
July 26, 2017, 10:20 AM MDT
Pembina Pipeline Corporation has placed approximately $2.8 billion of integrated capital projects into service, including its Phase III pipeline expansion and two connected major delivery points: the company's third fractionator at Redwater (RFS III) and its Canadian Diluent Hub (CDH).
July 4, 2017, 7:39 AM MDT
Strad Energy Services Ltd. has approved an increase to its 2017 capital expenditure program of $11 million, from $15 million to $26 million.^
June 29, 2017, 6 AM MDT
Keyera Corp. says it has sanctioned the first phase of its $625 million natural gas gathering and processing complex in the Wapiti area south of Grande Prairie, Alberta.
June 1, 2017, 6 AM MDT