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
ARC Resources Ltd.'s updated 2021 capital budget of $950 million to $1 billion is designed to sustain production and maximize free funds flow generation.
May 6, 2021, 6:31 AM MDT
The Petroleum Services Association of Canada (PSAC) raised its forecast last week for rig releases in Canada to 3,600 wells.
May 5, 2021, 7:58 AM MDT
Following the acquisition of Anegada Oil Corp., Tamarack Valley Energy Ltd. expects to spend $165 – $175 million for 2021, up from the previous estimate of $125 – $130 million.
May 5, 2021, 12 AM MDT
As a result of significantly improved commodity prices, Gear Energy Ltd. intends to increase its 2021 capital and abandonment expenditure investment to $27 million from $20 million.
May 5, 2021, 2:13 PM MDT
Paramount Resources Ltd. has entered into a definitive agreement for the sale of its non-operated Birch asset in northeast British Columbia for total consideration of $77 million.
May 5, 2021, 7:41 AM MDT
Baytex Energy Corp. currently forecasts between $285 million and $315 million in exploration and development spending for full-year 2021, which is up 15 per cent from the previous guidance and reflects the company’s stronger operational momentum and the strength in commodity prices, says management.
April 30, 2021, 10:46 AM MDT
Tamarack Valley Energy Ltd. is acquiring Anegada Oil Corp., a privately held pure play Charlie Lake light-oil producer, for total net consideration of $494 million, after deducting the proceeds from the sale of a two per cent newly created gross overriding royalty (GORR) on the acquired assets.
April 12, 2021, 5:41 AM MDT
Following its asset acquisition in the Williston Basin announced this morning, Enerplus Corporation will increase its capital spending outlook for 2021.
April 8, 2021, 6:53 AM MDT
Although commodity prices began improving in the latter half of 2020 and continued to hold relatively steady so far this year, the growth-versus-debt reduction plans of three western Canadian intermediate producers have not been altered, the 2021 Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium heard Wednesday.
April 7, 2021, 4:19 PM MDT
Operators working in British Columbia have increased their licensing and drilling activity during the first two months of 2021 compared to the same timeframe a year ago.
March 30, 2021, 7:51 AM MDT
Obsidian Energy Ltd. has outlined a capital plan of $127 million for 2021 plus an additional $8 million in decommissioning expenditures is planned for development and environmental programs.
March 29, 2021, 9:16 AM MDT
The start of 2021 has been “exceptional,” said Whitecap Resources Inc., with the seamless integration of both NAL Resources Limited and TORC Oil & Gas Ltd. and strong operational performance to date on the combined assets.
March 29, 2021, 5:57 AM MDT
Three Canadian oilsands operators are prominent among larger producers in North America projecting the greatest percentage rise in capital spending in 2021.
March 23, 2021, 9:49 AM MDT
March 22, 2021, 8:20 AM MDT
InPlay Oil Corp.’s planned capital program for 2021 of $23 million is unchanged from the previous outlook, although the recent bump in commodity prices has increased its funds flow forecast.
March 17, 2021, 7:50 AM MDT
After a difficult and challenging 2020, 2021 is shaping up to be a “significant improvement” for Cardinal Energy Ltd.
March 17, 2021, 8:32 AM MDT
This week’s guidance report looks at some of the recent announcements from producers on their abandonment activities through Alberta’s Site Rehabilitation Program (SRP) and Saskatchewan’s Accelerated Site Closure Program (ASCP).
March 16, 2021, 8 AM MDT
Bonterra Energy Corp.’s 2020 production averaged10,575 boe/d, reflecting modest capital spending during the year coupled with 875 boe/d of shut-in production volumes related to facility maintenance and low commodity prices.
March 15, 2021, 6:25 AM MDT
Crew Energy Inc. says it is the first Canadian energy producer to receive regulatory approval from the BC Oil and Gas Commission (OGC) for the installation and operation of a next-generation, spoolable surface pipeline for produced water transfer.
March 12, 2021, 12 AM MST
Spartan Delta Corp.’s 2021 capital expenditures of $101 million will be focused on the execution and acceleration of drill-ready development across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
March 12, 2021, 5:54 AM MST
In anticipation of rising steel prices, and given the upcoming completion programs both at Oak and at Wembley, Kelt Exploration Ltd. has pre-purchased casing and line pipe to mitigate higher capital costs.
March 11, 2021, 7:27 AM MST
Pipestone Energy Corp. has modified its three-year development plan to reflect the improvements in WTI futures prices and a stronger medium-term fundamental outlook for crude oil, including jump in expected spending for 2021.
March 11, 2021, 6:36 AM MST
While the commodity price environment in recent months has turned decidedly more positive for exploration and production (E&P) companies, the service sector has yet to see a trickle-down effect, say Calfrac Well Services Ltd. and Trican Well Service Ltd.
March 9, 2021, 6:32 AM MST