Birchcliff Energy Ltd. says its 2020 total finding and development (F&D) capital expenditures are expected to be in the range of $340-$360 million, up from $283 million last year.
January 23, 2020, 7:41 AM MST
TD Securities Inc. says that based on its recent review of 2020 Western Canadian Sedimentary Basin (WCSB) capital spending (excluding oilsands) for 17 Canadian E&Ps that have provided guidance, the firm expects capital spending to be down three per cent year-over-year.
January 21, 2020, 10:15 AM MST
Enerplus Corporation has set its 2020 exploration and development capital budget at between $520-$570 million with its North Dakota assets continuing to attract the majority of the company's capital spending.
January 21, 2020, 8:38 AM MST
InPlay Oil Corp. has approved a capital program of $35 million for 2020, focusing on sustainability and flexibility.
January 21, 2020, 7:46 AM MST
Baytex Energy Corp.’s exploration and development expenditures totalled $153 million in Q4 2019, bringing aggregate spending for 2019 to $552 million, which is at the low end of original guidance, the company said Monday in releasing preliminary highlights for 2019.
January 21, 2020, 8:01 AM MST
Pipestone Energy Corp.’s 2020 budget has been set at $145-$155 million and the company says it aims to deliver significant year-over-year production growth while maintaining a strong balance sheet.
January 16, 2020, 9:16 AM MST
With the start of Pipestone South, NuVista Energy Ltd. has reported record production in the fourth quarter of 2019, up 16 per cent from the fourth quarter of 2018.
January 15, 2020, 8:37 AM MST
Most Canadian midstream companies aren’t pulling back on the throttle in 2020 and have announced capital expenditure plans that combined total in the tens of billions.
January 14, 2020, 7:33 AM MST
Crescent Point Energy Corp. has set its 2020 capital expenditure budget at $1.10-$1.20 billion, down from $1.25 billion in spending last year.
January 14, 2020, 9:40 AM MST
Petrus Resources Ltd. plans to spend $9 million in the first quarter.
January 14, 2020, 5:32 AM MST
Source Energy Services Ltd. has approved a 2020 capital spending budget of $5.6 million, which is substantially comprised of sustaining capital.
January 13, 2020, 10:40 AM MST
January 13, 2020, 7:50 AM MST
Tamarack Valley Energy Ltd. announced a 2020 budget between $170 and $180 million which is forecast to maintain volumes consistent with the company’s 2019 annual average production of 23,500 to 24,500 boe/d (64 to 66 per cent oil and NGL).
January 10, 2020, 12 AM MST
Athabasca Oil Corporation has set its 2020 capital budget at $125 million, which the company says is “focused on resiliency” by executing a program aimed at sustaining production within projected funds flow.
January 9, 2020, 7:12 AM MST
Advantage Oil & Gas Ltd.’s 2020 capital budget targets investment between $170 and $200 million.
January 9, 2020, 8:54 AM MST
During the last half of December, Saturn Oil & Gas Inc. brought on production four (4.0 net) extended-reach horizontal (ERH) Viking light oil wells, which led to a strong 2019 exit rate.
January 9, 2020, 7:06 AM MST
It’s going to be a difficult market in 2020 for service companies in the drilling and completions sector as producers continue to “right-size” their operations, live within cash flow, and return more money to investors.
January 7, 2020, 11:11 AM MST
The 2020 “main story” for oilfield services will be excess drilling and completions capacity across North America with a flat capital spending profile in Canada, according to an industry analyst.
January 2, 2020, 7:29 AM MST
Perpetual Energy Inc.’s bank debt borrowing limit will be reduced by the company's lenders from $55 million to $45 million on or prior to Jan. 22, 2020.
December 30, 2019, 12 AM MST
Gear Energy Ltd. plans to drill 26 wells (25.2 net) across three core areas in Saskatchewan and Alberta in 2020.
December 18, 2019, 9:14 AM MST
Tourmaline Oil Corp. is forecasting a 2020 EP capital spending program of $925 million.
December 17, 2019, 3:08 PM MST
The Sparky core area will be the focus for Surge Energy Inc. which plans to drill 56 wells in 2020 within a capital expenditures budget of $98.5 million, down from $135 million this year.
December 13, 2019, 9:46 AM MST
Pieridae Energy Limited outlined a pre-final investment decision (FID) budget of $32 million for 2020, and a development expense budget of $16 million for Goldboro LNG.
December 12, 2019, 7:54 AM MST
December 12, 2019, 10:57 AM MST
TORC Oil & Gas Ltd. announced an initial 2020 capital budget of $190 million, up $10 million from expected spending in 2019.
December 11, 2019, 3:15 PM MST