ConocoPhillips’s Canadian unit reversed a net loss from last year in the second quarter, and reported higher production during the three-month period.
August 3, 2021, 8:40 AM MDT
With solid results from base production and the 2021 development program to date, Obsidian Energy Ltd. is lifting its capital spending plan.
July 30, 2021, 12 AM MDT
July 30, 2021, 8:51 AM MDT
Although Cenovus Energy Inc.’s capital guidance range remains unchanged at $2.3-$2.7 billion for the year it now reflects an increase to the oilsands spend of $100 million, a move which will add production this year and into 2022.
July 29, 2021, 11:50 AM MDT
Suncor Energy Inc. has provided new 2021 guidance for Fort Hills production and cash operating costs as the company undertakes additional work to maintain slope integrity on the south side of the mine.
July 29, 2021, 10:37 AM MDT
Whitecap Resources Inc. has increased its 2022 preliminary production outlook to 122,000 boe/d, incorporating the acquisition of a private company with operations in southeastern Saskatchewan, but the preliminary capital spending outlook remains between $560 million and $580 million for the year.
July 29, 2021, 8:34 AM MDT
Crescent Point Energy Corp. has increased its 2021 annual average production guidance to 130,000–134,000 boe/d, up from its prior range of 128,000–132,000 boe/d.
July 28, 2021, 11:14 AM MDT
Yangarra Resources Ltd. has increased its capital budget to $85 million from $60 million, which will keep one drilling rig fully utilized for the balance of the year.
July 28, 2021, 2:58 PM MDT
As a result of its strong operating performance through the first half of 2021, Baytex Energy Corp. is increasing its production guidance to 79,000 to 80,000 boe/d, up from 77,000 to 79,000 boe/d, previously.
July 28, 2021, 4:20 PM MDT
Fresh off a strong second quarter performance on both the operational and financial fronts, MEG Energy Corp. is increasing its 2021 production and capital expenditure guidance.
July 23, 2021, 8:38 AM MDT
The re-build of Obsidian Energy Ltd. continues as the company laid out its two-year master plan yesterday, which is focused on reducing debt-to-EBITDA levels significantly, increasing funds flow from operations while returning output to pre-COVID levels and slightly above by 2022.
June 17, 2021, 10:11 AM MDT
Having largely combined operations with Seven Generations Energy Ltd. to become Canada’s largest pure-play Montney producer and sixth biggest upstream oil and gas company, ARC Resources Ltd. plans to begin development of Attachie West Phase 1 later this year.
May 28, 2021, 8:22 AM MDT
Altura Energy Inc. has increased its capital expenditure budget for 2021 to $7.5 million from $6 million to advance several “parallel initiatives.”
May 28, 2021, 6:16 AM MDT
Kelt Exploration Ltd. now expects to spend $150 million in 2021, up 25 per cent from its previous forecast of $120 million.
May 25, 2021, 6:37 AM MDT
Tourmaline Oil Corp.’s full-year EP capital guidance has been increased to $1.19 billion from $1.075 billion following a spate of deals in the Montney.
May 18, 2021, 2:53 PM MDT
Cardinal Energy Ltd. is hiking its capital budget to $46 million from $27 million.
May 14, 2021, 6:12 AM MDT
Petrus Resources Ltd. generated funds flow of $6.99 million (14 cents per share) during the first quarter of 2021, up nine per cent from the previous quarter due entirely to commodity price improvement.
May 14, 2021, 7:50 AM MDT
Surge Energy Inc. has closed its bought deal public offering of flow-through common shares.
May 13, 2021, 1:50 PM MDT
Birchcliff Energy Ltd. is revising its 2021 guidance as a result of its strong new well performance and improved outlook for commodity prices.
May 13, 2021, 6:49 AM MDT
As a result of success achieved to date, Headwater Exploration Inc. plans to increase its capital expenditure budget for 2021 to $105–$110 million, up from the earlier guidance of $90–$95 million.
May 13, 2021, 8:50 AM MDT
With the material improvement in commodity prices over the last six months, Storm Resources Ltd. is currently evaluating an increase to capital investment in the second half of 2021 for its liquids-rich natural gas operations in northeast B.C.’s Montney.
May 13, 2021, 10:44 AM MDT
Bonterra Energy Corp. invested $23.5 million in capital expenditures during Q1 2021.
May 12, 2021, 12 AM MDT
Prairie Provident Resources Inc. is encouraged by early production and test data from the first two wells of its 2021 capital program.
May 12, 2021, 1:47 PM MDT
Spartan Delta Corp.’s capital expenditures for the remainder of 2021 will be focused on drill-ready development utilizing existing infrastructure across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
May 11, 2021, 7:57 AM MDT
Journey Energy Inc. has decided to take a conservative approach to capital spending for 2021, with a focus on repaying a significant portion of the October 2020 AIMCo borrowings during the year.
May 11, 2021, 8:18 AM MDT