Two of the larger players in Saskatchewan’s oilpatch are increasingly optimistic about the go-forward outlook in the province.
March 31, 2022, 12 AM MDT
Vermilion Energy Inc. has entered into an arrangement agreement to acquire Leucrotta Exploration Inc. for a net cash purchase price of $477 million.
March 28, 2022, 4:05 AM MDT
An amalgamation and acquisition in 2021 helped Kiwetinohk Energy Corp. post major gains in production both last quarter and for the year.
March 24, 2022, 3:01 PM MDT
In 2021, Hemisphere Energy Corporation invested $12 million in its Atlee Buffalo core area, including drilling seven wells, implementing a polymer flood in the Upper Mannville G oil pool, and upgrading facilities to accommodate additional oil production.
March 16, 2022, 8:50 AM MDT
Perpetual Energy Inc.'s board of directors has approved exploration and development capital spending of up to $28 million for 2022 to be fully funded from adjusted funds flow.
March 15, 2022, 4:14 PM MDT
Cardinal Energy Ltd. has approved a marginal increase to its capital program for 2022.
March 15, 2022, 8:06 AM MDT
Saturn Oil & Gas Inc. has outlined a 2022 capital expenditures budget totalling $50 million.
March 14, 2022, 5:15 AM MDT
Petrus Resources Ltd. has closed its previously announced acquisition of a privately owned limited partnership and its general partner for total consideration of approximately $14.4 million, consisting of the issuance of 10 million common shares of the company.
March 14, 2022, 6:30 PM MDT
Journey Energy Inc. has increased its 2022 capital budget to $43 million from $36 million and now plans to drill 15 wells.
March 10, 2022, 12 AM MST
Kelt Exploration Ltd. has increased its 2022 capital expenditure program to $250.0 million, up from a range of $200.0 million to $210.0 million in its previous guidance.
March 10, 2022, 5:43 AM MST
Subsequent to year end 2021, Peyto Exploration & Development Corp. successfully negotiated and closed the purchase of a private junior producer in the Brazeau River area for $22 million.
March 9, 2022, 4:13 PM MST
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $210 - $220 million (up from $180 - $200 million).
March 9, 2022, 6:02 AM MST
Pine Cliff Energy Ltd.’s adjusted funds flow of $26.3 million generated during the fourth quarter of 2021 and $59.1 million for 2021 were the highest quarterly and annual adjusted funds flow for the company since inception.
March 9, 2022, 12 AM MST
Crew Energy Inc.’s first quarter capital expenditures are expected to constitute approximately 60 per cent of the program’s full year total, with the remainder to be directed to projects with superior returns at Greater Septimus or Groundbirch in the second half of 2022.
March 8, 2022, 3:16 PM MST
Petrus Resources Ltd.’s board of directors has approved a 2022 capital budget of $50 to $55 million.
March 8, 2022, 2:31 PM MST
As a privately-held startup oil and gas entity, B-32 Exploration Ltd. is laser-focused on central Alberta’s Duvernay play.
March 3, 2022, 12 AM MST
Over the past few months, Tourmaline Oil Corp. has been active in acquiring what it calls complementary assets.
March 3, 2022, 11:46 AM MST
Yangarra Resources Ltd. remains committed to a “disciplined” one-rig, 30 well program, with the balance of free-cash flow generated to be used for debt retirement until the company achieves its debt targets.
March 3, 2022, 3:31 PM MST
Athabasca Oil Corporation is maintaining its previously announced $128 million capital program in 2022, including a turnaround at Leismer.
March 2, 2022, 4:31 PM MST
Paramount Resources Ltd.’s board of directors has approved an increase in the company's regular monthly dividend to eight from six cents per common share.
March 2, 2022, 6:07 AM MST
March 2, 2022, 1:57 PM MST
When Crescent Point Energy Corp. announced its $900-million acquisition of Shell plc’s Kaybob Duvernay assets in Alberta in February of 2021 it signaled a new core area for the company, one which has quickly climbed the ranks of priority within its asset base.
March 1, 2022, 6 AM MST
After going on a $2 billion acquisition spree over the past year-and-a-half, Whitecap Resources Inc. may not be done as the company continues to evaluate the merger and acquisition market and could pursue more deals, the company’s Q4 and year-end 2021 conference call heard Thursday.
February 25, 2022, 12 AM MST
Prairie Provident Resources Inc. outlined a fully-funded capital budget set at $18 million, before capitalized general and administrative (G&A) expenses and asset retirement obligations (ARO), expected to generate average production between 4,350 – 4,600 boe/d.
February 23, 2022, 12 AM MST
Peyto Exploration & Development Corp.’s board approved a 2022 capital budget of $350-$400 million which, at the high end of the range, is 10 per cent greater than the $365 million invested in 2021.
February 17, 2022, 12 AM MST