Gear Energy Ltd. drilled seven heavy oil wells and one light oil well in Central Alberta in the third quarter of 2019.
November 7, 2019, 12:23 PM MST
InPlay Oil Corp. is on pace to meet its annual average production guidance while reducing its 2019 capital expenditure program by approximately 11 per cent to $32 million from $36 million.
November 7, 2019, 7:02 PM MST
While specifics of the 2020 budget are not yet finalized, a capital program of $250 million to $300 million, funded entirely from free cash flow, would add 25,000-30,000 boe/d, said Peyto Exploration & Development Corp. in its third quarter results.
November 6, 2019, 4 PM MST
Tourmaline Oil Corp. has approved a 2020 EP capital program of $900–$925 million which will result in 2020 average production of 315,000–322,500 boe/d, unchanged from prior 2020 production guidance.
November 6, 2019, 3:10 PM MST
Bonavista Energy Corporation drilled its first Duvernay horizontal well in the third quarter of 2019 as the company continued to focus on its most prolific and profitable opportunities.
November 6, 2019, 9:12 AM MST
During the third quarter, Journey Energy Inc. began work on a 4.5-megawatt power project at its Countess property.
November 5, 2019, 9:50 AM MST
Crew Energy Inc.’s liquids volumes increased to 29 per cent of production for both the third quarter and year-to-date 2019, compared to 25 per cent during the same period last year, representing a 16 per cent increase.
November 4, 2019, 9:39 AM MST
While certainly a “gut punch” for Canada’s energy sector, Gary Mar is not surprised by Encana Corporation’s plans, announced on Thursday, to move its corporate domicile to the U.S.
October 31, 2019, 3:56 PM MDT
MEG Energy Corp. has shifted into 2019 roughly $30 million of expected 2020 capital expenditures to accelerate the completion of its in-progress brownfield project at the Phase 2B central processing facility, which includes incremental steam generation, water handling and oil treating capacity.
October 31, 2019, 7:50 AM MDT
Crescent Point Energy Corp. has narrowed its guidance range for 2019 with production of 161,000 to 163,000 boe/d and capital expenditures of $1.225–$1.275 billion, reflecting continued operational execution and capital discipline.
October 31, 2019, 11:11 AM MDT
Whitecap Resources Inc. has entered a joint venture with a progressive private company with a large land footprint in the oil-rich Montney window in the Deep Basin.
October 31, 2019, 10:43 AM MDT
Yangarra Resources Ltd. has approved a capital budget of $120 million for 2020.
October 31, 2019, 8:33 AM MDT
Vermilion Energy Inc. has reduced its 2019 capital investment guidance by $10 million to $520 million.
October 31, 2019, 7:01 AM MDT
Whitecap Resources Inc. is on track to achieve its targeted production for the year despite spending less capital.
October 31, 2019, 3:28 PM MDT
The Daily Oil Bulletin’s latest guidance report, for updates made in September 2019, has new data for Baytex Energy Corp., Bonterra Energy Corp. and Cenovus Energy Inc., among other companies.
October 29, 2019, 11:06 AM MDT
October 28, 2019, 8:07 AM MDT
Privately-held Black Swan Energy Ltd. has officially opened its Nig Creek gas processing facility in northeast British Columbia, a facility that will enhance the company’s ability to access premier markets while incorporating various emission reduction initiatives.
October 17, 2019, 11:07 AM MDT
October 15, 2019, 9:59 AM MDT
October 2, 2019, 11:51 AM MDT
The DOB’s latest guidance report, for updates made in August 2019, has new data for Birchcliff Energy Ltd., Canadian Natural Resources Limited, Kelt Exploration Ltd. and Whitecap Resources Inc., among other companies.
September 25, 2019, 10:50 AM MDT
September 24, 2019, 7:57 AM MDT
New analysis from CanOils shows that just 51 per cent of the operating cash flow generated by Canada’s major oilsands producers has been reinvested as capital expenditures in the first half of 2019.
September 18, 2019, 6 AM MDT
While Canadian heavy oil is still Baytex Energy Corp.’s third priority for capital investment after the Eagle Ford and Saskatchewan Viking, its potential contribution shouldn’t be counted out, says the company’s chief executive.
September 12, 2019, 8:19 AM MDT
Advantage Oil & Gas Ltd. is considering changing its capital plans in order to invest in Progress, the site of its most recent significant light oil pool discovery.
September 11, 2019, 7:20 AM MDT
Baytex Energy Corp. says strong operating performance has continued across its asset base during the third quarter and despite the volatility in crude oil prices, it continues to drive capital efficiencies across its asset base, delivering stable production and meaningful free cash flow.
September 9, 2019, 8:25 AM MDT