Athabasca Oil Corporation has closed its agreements with Cenovus Energy Inc. to create Duvernay Energy Corporation.
February 7, 2024, 7:27 AM MST
Athabasca Oil Corporation’s Thermal Oil division underpins the company’s strong free cash flow outlook, with an unchanged $135 million capital budget and production guidance of 32,000 – 33,000 bbl/d.
February 7, 2024, 7:33 AM MST
Saturn Oil & Gas Inc. outlined a fully funded development capital budget of approximately $146 million, representing 47 per cent of midpoint expected 2024 adjusted funds flow, which will be directed towards the company's deep portfolio of light oil weighted development opportunities in Saskatchewan and Alberta.
February 6, 2024, 8:04 AM MST
Lycos Energy Inc. plans capital expenditures of $61.0 million for 2024, which includes the drilling of approximately 28 (27.2 net).
February 2, 2024, 12 AM MST
InPlay Oil Corp. has set a 2024 capital program of $64–$67 million.
January 29, 2024, 8:58 AM MST
Obsidian Energy Ltd.’s $345-$355 million capital plan for 2024 is focused on the continued development and exploration/appraisal of its Bluesky and Clearwater heavy oil assets in Peace River, as well as light oil development in Willesden Green/Pembina in central Alberta.
January 26, 2024, 12 AM MST
During mid-January 2024, extremely cold temperatures led to power outages and production disruptions in North Dakota, Enerplus Corporation reported.
January 26, 2024, 12 AM MST
Obsidian Energy Ltd. has set a 2024 capital plan of $345–$355 million, which doesn’t include decommissioning expenses.
January 25, 2024, 6:55 AM MST
Obsidian Energy Ltd.’s 2024 plan is focused on the continued development and exploration/appraisal of its heavy oil assets in Peace River and light oil assets in Willesden Green/Pembina (Cardium/Mannville) in central Alberta.
January 25, 2024, 7:05 AM MST
Hemisphere Energy Corporation’s board has approved a 2024 capital expenditure program of $21 million, which is planned to be entirely funded by estimated 2024 adjusted funds flow (AFF) of $40 million and is anticipated to provide 10 per cent annual production growth.
January 25, 2024, 8:48 AM MST
Birchcliff Energy Ltd. continues to target $240 million to $260 million in F&D capital expenditures in 2024.
January 17, 2024, 2:36 PM MST
Of the $41 million in planned 2024 capital for Journey Energy Inc., $6.2 million is related to drilling and completions, all of which will be spent in the first quarter.
December 22, 2023, 12 AM MST
Crescent Point Energy Corp. expects to generate annual average production of 198,000 to 206,000 boe/d (65 per cent oil and liquids) in 2024 based on development capital expenditures of $1.4 to $1.5 billion.
December 21, 2023, 7:48 AM MST
Tenaz Energy Corp. has outlined a drilling and development capital budget of $23 to $25 million for 2024.
December 21, 2023, 5:10 AM MST
Athabasca Oil Corporation’s top executive says his company’s decision to enter into transaction agreements with Cenovus Energy Inc. to create Duvernay Energy Corporation represents a “tremendous opportunity” to further exploit the liquids-rich Duvernay play.
December 20, 2023, 5:17 AM MST
Imperial Oil Limited is forecasting 2024 capital spending $1.7 billion.
December 18, 2023, 3:20 PM MST
Canadian Natural Resources Limited’s capital expenditures will be weighted heavily towards drilling thermal development wells in the first half of 2024 that will be brought onstream in early 2025, Scott Stauth, chief operating officer for CNRL’s oilsands operations told analysts at the company’s 2024 budget conference call Wednesday.
December 14, 2023, 12:42 PM MST
Canadian Natural Resources Limited’s 2024 capital budget is targeted at approximately $5.4 billion.
December 14, 2023, 12 AM MST
Cenovus Energy Inc. expects to invest capital of between $4.5 billion and $5.0 billion in 2024.
December 14, 2023, 4:45 AM MST
Here’s some more detail on Cenovus Energy Inc.’s 2024 capital spending plan, which the company announced on Thursday.
December 14, 2023, 6:09 AM MST
Kiwetinohk Energy Corp. is planning to drill, complete, equip and tie-in (DCET) 15 wells, including 12 Duvernay and three Montney wells for a total estimated DCET expenditure of $250 - $265 million for 2024.
December 14, 2023, 8:12 AM MST
Kiwetinohk Energy Corp.’s planned 2024 Power division spending of $5 - $8 million reflects a capital-disciplined approach as the industry awaits policy clarity from both provincial and federal governments.
December 14, 2023, 7:54 AM MST
Vermilion Energy Inc.’s 2024 capital expenditure budget of $600 – $625 million includes increased investment in its B.C. Montney asset and advancement of key growth projects in Germany and Croatia.
December 13, 2023, 12 AM MST
Bonterra Energy Corp. approved a capital expenditure range of $90 million to $100 million, fully funded by internally generated funds flow.
December 13, 2023, 7:28 AM MST
Surge Energy Inc. says its 2024 capital budget of $190 million will see approximately 95 per cent of development expenditures directed towards its Sparky and SE Saskatchewan core areas.
December 8, 2023, 9:01 AM MST
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