While Canadian heavy oil is still Baytex Energy Corp.’s third priority for capital investment after the Eagle Ford and Saskatchewan Viking, its potential contribution shouldn’t be counted out, says the company’s chief executive.
September 12, 2019, 8:19 AM MDT
Advantage Oil & Gas Ltd. is considering changing its capital plans in order to invest in Progress, the site of its most recent significant light oil pool discovery.
September 11, 2019, 7:20 AM MDT
Baytex Energy Corp. says strong operating performance has continued across its asset base during the third quarter and despite the volatility in crude oil prices, it continues to drive capital efficiencies across its asset base, delivering stable production and meaningful free cash flow.
September 9, 2019, 8:25 AM MDT
September 6, 2019, 7:19 AM MDT
September 5, 2019, 3:04 PM MDT
September 3, 2019, 11:19 AM MDT
Saturn Oil + Gas Inc. increased its land position by acquiring 6.75 sections of land in the Viking play in Saskatchewan in the second quarter of 2019.
August 29, 2019, 9:48 AM MDT
Whitecap Resources Inc. has reduced its second half spending to $250 million from $300 million in order to have more flexibility and to improve near term free funds flow.
August 27, 2019, 7:15 AM MDT
Razor Energy Corp. has agreed to buy Little Rock Resources Ltd., an arm’s-length private exploration and production company, for about $12.7 million.
August 21, 2019, 11:09 AM MDT
Altura Energy Inc. has scaled back its 2019 capital budget to $13.5 million from $15 million in order to maintain a strong balance sheet.
August 16, 2019, 9:30 AM MDT
Birchcliff Energy Ltd. is boosting its capital budget to $242 million, up $38 million, in order to drill another seven (7.0) wells in the Peace River area based on strong results in the first half of the year.
August 15, 2019, 12 AM MDT
Birchcliff Energy Inc. is encouraged by initial production rates in Pouce Coupe and Gordondale in the Peace River Arch.
August 15, 2019, 9:06 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
Storm Resources Ltd. has reduced its 2019 capital investment to $110 million from $128 million in response to lower natural gas prices and reduced forecast funds flow due to the multiple outages experienced at Enbridge Inc.’s McMahon gas plant.
August 14, 2019, 9:47 AM MDT
Journey Energy Inc. is reducing its capital program to $22 to 23 million from $30 million in light of the continued volatility in commodity prices.
August 13, 2019, 12 AM MDT
Prairie Provident Resources Inc. achieved record production averaging 6,386 boe/d (69 per cent liquids) in the second quarter of 2919, up 24 per cent from 5,146 boe/d in the second quarter of 2018.
August 13, 2019, 12 AM MDT
Petrus Resources Ltd.’s board of directors has approved a third quarter 2019 capital budget of $7 million that is expected to include drilling and completion activities for three gross (1.5 net) Cardium light oil wells at Ferrier.
August 12, 2019, 7:28 AM MDT
Enerplus Corporation has increased its 2019 production guidance thanks to the strong volumes in North Dakota and the Marcellus.
August 12, 2019, 9:19 AM MDT
Cequence Energy Ltd.’s second quarter production decreased slightly and averaged 6,142 boe/d compared to production of 6,334 boe/d for the same prior year period but was up from 5,964 boe/d in the first quarter of 2019.
August 12, 2019, 10:55 AM MDT
Bonterra Energy Corp. says its original 2019 capital budget of $57–$77 million remains intact and is expected to be near the low range of guidance.
August 9, 2019, 8:10 AM MDT
Pieridae Energy Limited’s 2019 upstream capital program has been curtailed and is now expected to be approximately $2 – 5 million as opposed to previous guidance of $8 – 10 million.
August 9, 2019, 7:07 AM MDT
Hemisphere Energy Corporation is currently drilling the 10th horizontal well of its 2019 summer drilling program, with drilling operations for the first nine wells having progressed ahead of schedule and on budget.
August 9, 2019, 8 AM MDT
Baytex Energy Corp. continues to find success in the East Duvernay shale, solidifying the Pembina area as a highly prospective region for the company, says chief executive Ed LaFehr.
August 2, 2019, 10:01 AM MDT
Tourmaline Oil Corp.’s full year exploration and production (E&P) capital budget has been reduced by a further $25 million to $1.125 billion.
August 1, 2019, 12 AM MDT
It was a busy morning for second quarter reports today, with several producers announcing changes to capex plans for various reasons. Most cited weak natural gas prices as the chief catalyst.
August 1, 2019, 7:12 AM MDT