ARC Resources Ltd.’s capital spending and production guidance have been lifted to primarily reflect realized and anticipated inflation, along with additional water infrastructure in Kakwa and funds to manage longer supply chain related lead times that will support 2023 activity.
July 29, 2022, 12 AM MDT
Cenovus Energy Inc. has updated its 2022 corporate guidance and has hiked spending by $400 million at the midpoint to a range of $3.3 billion to $3.7 billion.
July 28, 2022, 11:37 AM MDT
Enerplus Corporation is selling certain Canadian assets located in Alberta to Journey Energy Inc. for total consideration of $140 million, prior to closing adjustments.
July 28, 2022, 7 PM MDT
Tourmaline Oil Corp. finished the three-month span ending June 30, 2022 with records in both cash flow and free cash flow.
July 28, 2022, 2 PM MDT
After completing a review of the impact of inflationary factors as well as land expenditures to date, Surge Energy Inc. has increased its estimate for 2022 expenditures on property, plant, and equipment by approximately 12 per cent, as compared to the company's original budget released on Jan. 17, 2022.
July 28, 2022, 12 AM MDT
Tourmaline Oil Corp. has entered into a binding agreement to acquire Rising Star Resources Ltd. for $194.3 million, with closing expected to occur in August 2022.
July 27, 2022, 4:36 PM MDT
Gear Energy Ltd. intends to increase the planned 2022 capital and abandonment expenditure investment from $55 million to $64 million with the majority of the increase relating to two additional light oil wells to be drilled in Tableland, Sask.
July 27, 2022, 2:25 PM MDT
Advantage Energy Ltd.’s production during the second quarter of 2022 increased to average approximately 60,000 boe/d (89 per cent natural gas, five per cent natural gas liquids and six per cent light and medium crude oil).
July 7, 2022, 6:28 AM MDT
Kelt Exploration Ltd. has lifted its capital expenditure budget for 2022.
July 6, 2022, 3:52 PM MDT
Saturn Oil & Gas Inc. has successfully completed the previously announced acquisition of assets in the Viking area of west-central Saskatchewan for closing cash consideration of approximately $248 million (net of adjustments) and has completed a non-brokered private placement for gross proceeds of $400,326.
July 6, 2022, 4:02 PM MDT
Obsidian Energy Ltd. is increasingly identifying itself, in part, as a Clearwater producer, says Jay McGilvary, senior director of development, with crews further delineating the play with two (1.5-net) more wells later this year.
June 17, 2022, 12 AM MDT
Obsidian Energy Ltd. boosted guidance following a successful first half program.
June 16, 2022, 5:36 AM MDT
Prairie Provident Resources Inc. says it plans a “pivot” in its second half 2022 capital program toward non-core reactivations, recompletions and optimization projects to maximize shareholder value.
June 13, 2022, 12 AM MDT
Hemisphere Energy Corporation has boosted its capital spending plan by $7 million to $16 million.
June 7, 2022, 6:44 AM MDT
The DOB has synthesized our coverage of producers’ first quarter reports and conference calls to highlight the dominant themes that emerged.
June 3, 2022, 6 AM MDT
Saturn Oil & Gas Inc. has entered into an arm’s-length definitive agreement to acquire synergistic assets in the Viking area of west-central Saskatchewan for approximately $260 million.
June 1, 2022, 12 AM MDT
Saskatchewan remains important for Crescent Point Energy Corp., even as the company increases its Alberta focus following last year’s Kaybob Duvernay acquisition, says president and chief executive officer Craig Bryksa.
May 20, 2022, 12 AM MDT
Kiwetinohk Energy Corp. this morning outlined an acceleration and expansion of its 2022 upstream operational program, resulting in increased 2022 guidance.
May 18, 2022, 12 AM MDT
As a result of the strong economics of the recent drilling programs, Saturn Oil & Gas Inc. has increased its 2022 capital expenditures budget by $6 million with three additional wells to be drilled at the Oxbow asset and the drilling of three additional wells in the Viking asset.
May 16, 2022, 7:30 AM MDT
Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.
May 13, 2022, 10:02 AM MDT
Subsequent to the end of the first quarter, Rubellite Energy Inc. executed a definitive agreement for the previously announced Peavine transaction located in the vicinity of recent industry Clearwater drilling activity and southwest of Rubellite's existing option acreage at West Dawson in northern Alberta.
May 12, 2022, 5:25 AM MDT
Headwater Exploration Inc.'s board of directors has approved an increase in the 2022 capital budget to $230 million from $145 million.
May 12, 2022, 3:11 PM MDT
Ovintiv Inc. is “actively looking” at commercial opportunities for its gas that includes LNG, says the company’s chief executive.
May 11, 2022, 9:45 AM MDT
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $225 - $235 million (up from $210 - $220 million).
May 11, 2022, 6:11 AM MDT
NuVista Energy Ltd. has elevated its capital expenditure guidance for 2022.
May 11, 2022, 12 AM MDT
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