Tamarack Valley Energy Ltd. has set its 2022 capital budget at $250–$270 million, a spending level designed to achieve significant free funds flow and generate annual production of 45,000–46,000 boe/d.
January 13, 2022, 10:39 AM MST
Tamarack Valley Energy Ltd. says its updated five-year plan is underpinned by significant free cash flow generation and modest but sustainable annual production growth.
January 13, 2022, 10:50 AM MST
Kiwetinohk Energy Corp. has set a 2022 capital expenditures budget of $210–$240 million (subject to commodity prices after hedging), including $10–$20 million allocated to green energy.
January 12, 2022, 9:33 AM MST
InPlay Oil Corp. has approved a $58 million capital program for 2022, which is forecasted to deliver 2022 average production of 8,900–9,400 boe/d — 62–63 per cent light oil and liquids.
January 12, 2022, 10:41 AM MST
Given a strong commodity price outlook and an expected continued rebound in demand, Canadian Natural Resources Limited is targeting total capital expenditures of approximately $4.3 billion in 2022, an increase from estimated spending of $3.48 billion last year.
January 11, 2022, 11:21 AM MST
NuVista Energy Ltd. says it achieved record production in Q4/2021 with the continued startup of new production from multi-well pads in Pipestone North and Elmworth, reaching a quarterly average of just over 60,000 boe/d based on field estimates.
January 11, 2022, 8:08 AM MST
Kiwetinohk Energy Corp. says its 2022 capital program includes the drilling of 11 gross wells and completing, and connecting 10 gross wells for production, while continuing work toward final investment decisions on power and hydrogen projects.
January 10, 2022, 7:36 AM MST
Imperial Oil Limited’s capital spending is forecast at $1.4 billion for 2022, reflecting continued capital discipline and efficient project execution, the company announced this morning.
December 17, 2021, 6:02 AM MST
Bonterra Energy Corp. outlined 2022 capital guidance ranging from $55 to $65 million, which incorporates measured capital allocation with the optionality to adjust spending dependent on the strength of the commodity markets as recovery from the COVID-19 pandemic continues.
December 16, 2021, 5:24 AM MST
Cenovus Energy Inc.’s 2022 capital budget of between $2.6-$3 billion reflects a disciplined approach that is designed to improve shareholder returns while maintaining output in the 800,000 boe/d range, president and CEO Alex Pourbaix told the company’s investor day event this morning.
December 8, 2021, 11:22 AM MST
Cenovus Energy Inc.’s updated five-year plan released this morning signals the continuing evolution of the company in its quest to reduce debt, return capital to shareholders while maintaining and improving operational excellence and ESG performance, says the company’s top executive.
December 8, 2021, 11:29 AM MST
Cenovus Energy Inc. this morning released its 2022 budget, updated corporate strategy, five-year business plan and environmental, social and governance (ESG) targets.
December 8, 2021, 4:29 AM MST
Crew Energy Inc.’s board approved a 2022 capital expenditure budget ranging between $70 and $95 million, in-line with its established two-year plan.
December 8, 2021, 3:08 PM MST
December 8, 2021, 12 AM MST
Advantage Energy Ltd.’s 2022 capital program will be focused on growing adjusted funds flow per share by continuing to drill high rate-of-return targets in areas with existing infrastructure capacity.
December 7, 2021, 12 AM MST
Crescent Point Energy Corp. has set its 2022 capital expenditures budget at $825–$900 million, which remains unchanged from the preliminary 2022 guidance.
December 6, 2021, 9:01 AM MST
December 1, 2021, 5:33 AM MST
Yangarra Resources Ltd. outlined a capital budget of $105 million for 2022, which includes the drilling of 30 gross wells.
December 1, 2021, 5:10 AM MST
Baytex Energy Corp. has outlined a 2022 capital budget of $400 to $450 million, which is designed to generate average annual production of 80,000 to 83,000 boe/d.
December 1, 2021, 3:39 PM MST
Athabasca Oil Corporation has set a capital program of $128 million for 2022.
December 1, 2021, 3:54 PM MST
December 1, 2021, 4:09 PM MST
MEG Energy Corp. has set its 2022 capital budget at $375 million, a $40 million increase from planned spending of $335 million this year.
November 30, 2021, 9:16 AM MST
Vermilion Energy Inc.’s board of directors has approved an E&D capital budget of $425 million for 2022, which is in line with the preliminary outlook it provided with its Q3 2021 results.
November 29, 2021, 6:47 AM MST
Due to rig availability constraints and projected cost increases in 2022, Hemisphere Energy Corporation has recently accelerated a portion of its 2022 capital spending plans and commenced a drilling program in the Atlee F pool for up to four wells during the fourth quarter of 2021.
November 25, 2021, 5:51 AM MST
November 25, 2021, 8:13 AM MST