Among producers focused solely on a North American asset base, Ovintiv Inc. recorded the highest capital spend in Q3 2020 at US$351 million, based on data released today by Evaluate Energy.
February 2, 2021, 8:28 AM MST
ConocoPhillips swung to a net loss in Canada for 2020, a year in which the consolidated operation also reported red ink during a tough year.
February 2, 2021, 8:50 AM MST
During 2021, Crew Energy Inc. is on track with its previously-announced plans to invest $120–$145 million of capital, which is expected to drive average production of 26,000 to 28,000 boe/d.
February 1, 2021, 7:08 AM MST
Altura Energy Inc. outlined a capital budget of $6 million for 2021, funded with forecasted cash flow from operating activities, credit facilities, and the 2021 asset dispositions.
February 1, 2021, 12 AM MST
Cenovus Energy Inc. says its “disciplined” 2021 capital budget of $2.3–$2.7 billion includes sustaining capital of approximately $2.1 billion to deliver upstream production of approximately 755,000 boe/d and downstream throughput of approximately 525,000 bbls/d.
January 28, 2021, 11:18 AM MST
Murphy Oil Corporation has earmarked US$95 million in capital spending this year for its Canadian onshore business.
January 28, 2021, 9:51 AM MST
TransGlobe Energy Corporation’s 2021 capital program of $27.2 million (before capitalized G&A) includes $10.6 million for Canada and $16.6 million for Egypt.
January 28, 2021, 12 AM MST
Surge Energy Inc. outlined 2021 exploration and development capital spending plans of $55 million, including corporate overhead charges.
January 27, 2021, 4:38 PM MST
This week’s guidance report, for announcement made Jan. 18-22, includes updates for Birchcliff Energy Ltd., Canacol Energy Ltd., Cardinal Energy Ltd. and Vermilion Energy Inc.
January 26, 2021, 10:49 AM MST
Enerplus Corporation’s planned capital spending for 2021 is $335 to $385 million, assuming completion of the Bruin E&P HoldCo, LLC acquisition announced on Monday.
January 25, 2021, 3:08 PM MST
Birchcliff Energy Ltd. outlined a F&D capital budget of $210 million to $230 million for 2021, which targets an annual average production rate of 78,000 to 80,000 boe/d.
January 20, 2021, 2:43 PM MST
Industry primarily will focus this year’s spending within Alberta and British Columbia, says a Canadian Association of Petroleum Producers (CAPP) forecast released Jan. 13, with the largest year-over-year percentage increase for capex in B.C.
January 19, 2021, 11:14 AM MST
Vermilion Energy Inc.’s 2021 capital budget of $300 million is a balanced and disciplined budget focused on maximizing returns and free cash flow to facilitate debt reduction.
January 18, 2021, 3:19 PM MST
Cardinal Energy Ltd. plans a capital program of $25 to $30 million for 2021 focused on reactivations, continued upgrades to its pipeline and facility infrastructure, and increasing CO2 injection at the Midale enhanced oil recovery project.
January 18, 2021, 6 AM MST
Data compiled by Evaluate Energy for this week’s guidance report shows that a basket of Canadian-based companies that have announced 2021 spending plans will have a combined $1.66-billion boost across the 25 companies, representing an increase in 2021 of 13 per cent over currently reported 2020 guidance for the same companies.
January 12, 2021, 10:34 AM MST
Tamarack Valley Energy Ltd. outlined a 2021 capital budget of $105 to $110 million on Monday, which will be designed to raise corporate oil production by 30 per cent on an exit-over-exit basis, generate significant free adjusted funds flow and maintain a strong balance sheet with a debt to trailing annual adjusted funds flow of less than 1.5 times.
January 12, 2021, 12 AM MST
Petrus Resources Ltd.’s board of directors has approved a first quarter 2021 capital budget of $9 million to drill three (2.1 net) Cardium wells in the Ferrier area.
January 12, 2021, 3:12 PM MST
Rig activity increased steadily this week, the first full week back following the Christmas slowdown.
January 8, 2021, 10:30 AM MST
InPlay Oil Corp.’s board of directors has approved a $23 million capital program for 2021 with forecast average production of 5,100–5,400 boe/d (69 per cent oil and liquids).
January 7, 2021, 3:51 PM MST
Spartan Delta Corp. firmed up its capital spending guidance for 2021 to $43 million from a previous range of $40 million-$43 million.
January 6, 2021, 6:09 AM MST
In the second half of 2020, Advantage Oil & Gas Ltd. drilled 13 wells “with exceptional execution,” the company said in an update today.
January 6, 2021, 3:22 PM MST
Obsidian Energy Ltd. outlined first half 2021 capital spending plans of $35 million plus $5 million in decommissioning expenditures.
January 5, 2021, 5:27 AM MST
Whitecap Resources Inc. completed the previously announced strategic combination with NAL Resources Limited.
January 4, 2021, 2:56 PM MST
Ovintiv Inc.’s 2020 production averaged more than 540,000 boe/d, the company said in its preliminary Q4 update this morning.
January 4, 2021, 5:56 AM MST
Bonterra Energy Corp. reported a successful and efficient Q3/Q4 2020 drilling program, which has and will continue to be funded, in part, by the Business Development Bank of Canada (BDC) commitment.
December 23, 2020, 12 AM MST