Tamarack Valley Energy Ltd. has lowered its spending guidance to $95 million-$105 million, down from the previous $170 million-$180 million.
March 19, 2020, 12 AM MDT
Paramount Resources Ltd. lowered its 2020 capital guidance to a range of $185 million to $250 million, a reduction of approximately 46 per cent at mid-point from the originally planned range of $350 million to $450 million.
March 19, 2020, 5:48 AM MDT
Imperial Oil Limited is currently in a low capital investment period, however the company is currently reviewing spending plans in an effort to identify further efficiency opportunities.
March 19, 2020, 6:51 AM MDT
March 19, 2020, 2 PM MDT
With the continued volatility in commodity pricing, Canadian Natural Resources Limited has identified and implemented further opportunities to reduce its 2020 capital spending budget to $2.96 billion, a $1.09 billion reduction from its original 2020 budget.
March 18, 2020, 3:32 PM MDT
Bonavista Energy Corporation has worked extensively over the past 12 months to realign its near term debt maturities and maintain adequate liquidity to continue ordinary course operations in extraordinary market conditions.
March 18, 2020, 7:48 AM MDT
March 18, 2020, 8:16 AM MDT
Whitecap Resources Inc. has reduced its capital spending to $200 - $210 million from $350 - $370 million previously, a reduction of $160 million or 44 per cent.
March 17, 2020, 2:53 PM MDT
Kelt Exploration Ltd. has reduced its capital expenditure budget by $80 million to $145 million.
March 17, 2020, 4:17 PM MDT
Cardinal Energy Ltd.’s original budget called for capital spending of $67 million with $27 million to be spent in Q1.
March 17, 2020, 4:42 PM MDT
TORC Oil & Gas Ltd. is reducing its monthly dividend from $0.025 per month to $0.005 per month.
March 17, 2020, 12 AM MDT
March 17, 2020, 7:51 AM MDT
Another four producers announced budget cuts this morning, adding to the over $2 billion in reductions laid out last week after the Saudi/Russia price war erupted.
March 16, 2020, 7:23 AM MDT
Vermilion Energy Inc.’s revised capital budget of $350 million to $370 million is expected to deliver 2020 annual production of 94,000 boe/d to 98,000 boe/d, reflecting both a reduced capital slate and allowance for potential disruptions to its operations due to COVID-19.
March 16, 2020, 12 AM MDT
Enerplus Corporation is reducing its 2020 capital spending budget to $325 million, or approximately 40 per cent at the midpoint of prior 2020 guidance of $520 to $570 million.
March 16, 2020, 12 AM MDT
Full year capital spending for NuVista Energy Ltd. has been reduced from the prior guidance range of $300 - $330 million to no more than $240 million.
March 16, 2020, 5:48 AM MDT
Crescent Point Energy Corp.’s revised 2020 capital expenditures budget of $700 to $800 million is expected to generate annual average production of 130,000 to 134,000 boe/d.
March 16, 2020, 5:54 AM MDT
Producers in Canada chopped greater than $2 billion off their 2020 budgets this week in a swift response to the Saudi-Russia price war that erupted over the weekend.
March 13, 2020, 6:15 AM MDT
ARC Resources Ltd. is chopping its capital budget and reducing the dividend.
March 13, 2020, 7:13 AM MDT
Murphy Oil Corporation’s revised 2020 budget is $950 million.
March 12, 2020, 6:43 AM MDT
Gear Energy Ltd. estimates $13 million in capital spending, including an estimated $11 million of capital invested through the first quarter of 2020, a 74 per cent reduction from the original $50 million capital budget released in December.
March 12, 2020, 3:52 AM MDT
Painted Pony Energy Ltd. is taking a cautious approach to capital spending with a budget range of $25 million to $30 million earmarked for the first half of 2020.
March 12, 2020, 4:17 PM MDT
Montney natural gas producer Pipestone Energy Corp. is deferring approximately $70 million in drilling and completion related activity in 2020, reducing forecast capital spending program to a midpoint of $60 million from its previous forecast of $150 million.
March 12, 2020, 11:11 AM MDT
Crew Energy Inc. has set a range for its 2020 capital budget of $35 million to $45 million, of which 60 per cent will be allocated to the first half of the year.
March 12, 2020, 7:40 AM MDT
The response to the Saudi/Russia oil price war has been swift in Canada — over $700 million of capital plans have been shelved over the past couple of days.
March 11, 2020, 7:24 AM MDT