Crew Energy Inc. has increased the 2020 exploration and development budget to $75-85 million, reflecting an anticipated 10-day turnaround at the Septimus processing facility and a 30-day turnaround at the McMahon gas plant.
August 10, 2020, 8:59 AM MDT
August 7, 2020, 7:47 AM MDT
Paramount Resources Ltd. has realized significant cost savings in its capital program through its continuing focus on well design, increased efficiencies and lower vendor rates, while not compromising on completion effectiveness.
August 6, 2020, 8:33 AM MDT
August 6, 2020, 7:55 AM MDT
As planned, NuVista Energy Ltd.’s 15 new wells which were drilled and brought onstream in the first quarter are expected to allow it to offset production declines and therefore achieve 2020 average production of 50,000 boe/d without any material capital spending through the remainder of this year.
August 5, 2020, 7:56 AM MDT
Pipestone Energy Corp. has entered into subscription agreements with Riverstone V EMEA Holdings Cooperatief U.A., GMT Capital Corp. and GMT Exploration Company LLC.
August 5, 2020, 10:21 AM MDT
In light of the current commodity price environment, Obsidian Energy Ltd. has deferred development spending and plans for a reduced second-half 2020 capital expenditure program of approximately $13 million.
August 4, 2020, 10:53 AM MDT
ARC Resources Ltd. is targeting a capital budget of $300 million for 2020 and plans to deploy the majority of the remaining capital to natural gas development activities at Dawson and Sunrise.
July 31, 2020, 12 AM MDT
With changing circumstances, Chris Slubicki, Theresa B.Y. Jang and Mary Hemmingsen have chosen not to stand for re-election and will be stepping down from Bonavista Energy Corporation’s board, effective as of Thursday.
July 31, 2020, 4:48 AM MDT
For the second quarter, ConocoPhillps curtailed 30,000 bbls/d at Surmont.
July 30, 2020, 6:47 AM MDT
Crescent Point Energy Corp. says its capital expenditures for the year are trending to the lower end of its guidance of $650–$700 million due to expected well cost savings of over 10 per cent in 2020.
July 30, 2020, 11:21 AM MDT
Seven Generations Energy Ltd. is forecasting lower sustaining capital requirements going forward, predominately driven by enduring cost savings that are now part of its business model.
July 29, 2020, 11:10 AM MDT
Ovintiv Inc. says recent operating results have helped confirm key financial and operating assumptions behind the future "scenarios" the company outlined in May 2020 in response to the COVID-9 pandemic.
July 29, 2020, 11:22 AM MDT
Tourmaline Oil Corp., as planned in the 2020 maintenance capital budget, is currently operating the full 10 rig drilling fleet across Alberta and northeast B.C.
July 29, 2020, 3:18 PM MDT
Due to voluntary shut-in volumes, TORC Oil & Gas Ltd.’s quarterly production averaged 24,905 boe/d, from 28,515 boe/d in the first quarter of 2020 and 28,326 in the second quarter of 2019.
July 29, 2020, 2:32 PM MDT
Western Canadian energy production likely will not return to pre-COVID-19 levels until 2021, due to such factors as drastically-reduced drilling and completion activity this year, capital spending cuts on the shale side and sustainable capital cuts on the oilsands side, says Thomas Liles, senior analyst at Rystad Energy AS.
July 17, 2020, 9:16 AM MDT
Petrus Resources Ltd.’s board of directors has approved a third quarter 2020 capital budget of $700,000 for predominantly non-discretionary capital.
July 17, 2020, 7:40 AM MDT
Integrated oil companies that sharply reduced their capital budgets in response to the COVID-19 pandemic say they will continue to focus on their balance sheets for the rest of this year although some say spending could rise next year.
July 8, 2020, 7:08 AM MDT
Tourmaline Oil Corp.’s president and CEO made it very clear on Tuesday during a webcast conference that natural gas holds out much more hope for his company in the near future than crude, a point echoed by other executives at the event.
July 8, 2020, 12 AM MDT
July 8, 2020, 8:09 AM MDT
Spring breakup conditions were unusually wet in the Edson area due to the above average winter snowfall and colder temperatures that drove frost deeper into the ground.
June 30, 2020, 7:01 AM MDT
Following a complete production shut-in during the month of May, Altura Energy Inc. has returned production volumes in June to approximately 550 boe/d.
June 30, 2020, 6:04 AM MDT
Consistent with TransGlobe Energy Corporation’s revised 2020 budget, there has been no drilling or completion activity during Q2 2020.
June 29, 2020, 10:33 AM MDT
Baytex Energy Corp. says it has restarted some of its previously shut-in crude oil production.
June 26, 2020, 12 AM MDT
Obsidian Energy Ltd. has it anticipates that as of July 1, 2020 it will have returned approximately 3,300 boe/d or 88 per cent of its previously announced shut-in volumes with July 2020 production expected to average 26,100 boe/d (65 per cent oil and NGL).
June 23, 2020, 10:44 AM MDT