Corporate guidance for 2019 remains as previously announced with a capital program of $15 million, with Altura Energy Inc.’s spending weighted to the second half of 2019.
May 15, 2019, 7:30 AM MDT
With the early start-up of the Gundy plant providing a modest production cushion and continued reduction of per-well capital costs, Tourmaline Oil Corp. has decided to reduce the full-year 2019 capital program by a further $25 million to $1.2 billion.
May 9, 2019, 12 AM MDT
Petrus Resources Ltd.’s board of directors approved a second quarter 2019 capital budget of $7 to $8 million, based on a current forecast for commodity futures pricing, anticipated service costs and current activity levels.
May 7, 2019, 7:04 AM MDT
Following the successful close of the Newfield Exploration Company acquisition, Encana Corporation says it has exceeded annualized general and administrative (G&A) synergies by $25 million and has increased its estimate for the year to $150 million.
April 30, 2019, 9:07 AM MDT
The following is a sampling of recently announced plans for other Cardium players, aside from the ones contained in this story.
April 29, 2019, 4:08 AM MDT
Pine Cliff Energy Ltd. has entered into an agreement to acquire oil and natural gas assets in the Ghost Pine area of central Alberta for net cash consideration of $8.6 million, after estimated closing adjustments.
April 18, 2019, 9:12 AM MDT
Saskatchewan hasn’t been immune to the challenges facing the oil and gas sector.
April 12, 2019, 11:14 AM MDT
Cardinal Energy Ltd. is increasing its 2019 budget guidance to $52 million, up $5 million from the initial $47-million capital budget announced in March.
April 12, 2019, 9:21 AM MDT
InPlay Oil Corp. executed a $50.2 million capital program during 2018, focused on the Willesden Green bioturbated Cardium formation.
March 20, 2019, 7:24 AM MDT
Through the first half of 2019, Delphi Energy Corp. will complete and bring on production its four-well pad in West Bigstone.
March 14, 2019, 8:33 AM MDT
Petrus Resources Ltd. announced a second quarter 2019 capital budget of $7–$8 million, based on a current forecast for commodity futures pricing, anticipated service costs and current activity levels.
March 14, 2019, 8:06 AM MDT
Focusing on its Dunvegan oil program, natural-gas weighted Cequence Energy Ltd. increased its liquids weighting in both the 2018 year and fourth quarter although overall production in both periods was down from the previous year.
March 14, 2019, 12 AM MDT
Granite Oil Corp. continues to manage volatility and uncertainty in the Canadian energy sector through conservative capital spending and by actively optimizing its EOR scheme and field operations.
March 13, 2019, 9:40 AM MDT
Saturn Oil + Gas Inc.’s Q1 2019 capital expenditure budget is set at $10 million, to be allocated to drilling, completion, equip and tie-in of approximately nine gross (9.0 net) wells.
March 7, 2019, 6:21 AM MST
While Kelt Exploration Ltd. has not changed its previously reported guidance, the company will re-evaluate its spending plans for the remainder of 2019 after the first quarter is complete.
March 6, 2019, 8:43 AM MST
Altura Energy Inc. announced an initial capital budget of $15 million for 2019, funded with forecasted cash flow from operating activities.
March 5, 2019, 6:17 AM MST
Advantage Oil & Gas Ltd. achieved record production levels in the fourth quarter and full-year 2018 while also gaining $59 million through marketing diversification initiatives.
March 1, 2019, 9:05 AM MST
Encana Corporation’s full-year proforma capital budget for 2019 is $2.7 to $2.9 billion — this includes roughly $200 million associated with Newfield Exploration Co. operations from Jan. 1, 2019 through to the close of the transaction on Feb. 13.
February 28, 2019, 6:11 AM MST
Production through January and February 2019 to date has been restricted by ongoing pipeline apportionments, temporarily reduced crude by rail takeaway, bouts of extreme cold weather and third party shut-ins.
February 28, 2019, 12 AM MST
Tamarack Valley Energy Ltd. grew annual production by 20 per cent and increased its oil and natural gas liquids output by eight per cent in 2018, while reporting improved financial results driven by an increased liquids weighting.
February 27, 2019, 11:41 AM MST
Journey Energy Inc. has lowered its capital spending plan by $10 million.
February 27, 2019, 8:06 AM MST
Prairie Provident Resources Inc.’s capital budget of $18.9 million will underspend forecast 2019 cash flow by 12 per cent, or roughly $3 million.
February 26, 2019, 6 AM MST
Enerplus Corporation net income surged in the fourth quarter, along with funds flow, helping to boost 2018 results.
February 25, 2019, 6 AM MST
Razor Energy Corp. spent $15.9 million on exploration, development and acquisition activities in 2018.
February 22, 2019, 7:10 AM MST
After concentrating almost entirely on internal EP growth in 2017-2018, Tourmaline Oil Corp. says that over the past two years it has produced the best reserve metrics in the company's 10 year history despite the depressed natural gas price environment.
February 21, 2019, 8:06 AM MST