Kelt Exploration Ltd.’s board of directors has approved an increase to the company's capital expenditure program for 2021.
November 10, 2021, 6:30 AM MST
NuVista Energy Ltd. is shifting a small amount of 2022 capital spending into the fourth quarter of 2021 in order to maintain a smooth, unbroken three-rig drilling schedule and to optimize value.
November 10, 2021, 6:56 AM MST
Rubellite Energy Inc.’s board of directors has approved fourth quarter 2021 capital expenditures of $16 to $18 million, an increase of $6 to $8 million from previous guidance released Sept. 7, 2021.
November 10, 2021, 7:59 AM MST
Journey Energy Inc. plans on returning to the field in early 2022 and this should increase both production and the oil weighting to pre-pandemic levels over time.
November 10, 2021, 9:18 AM MST
ARC Resources Ltd. outlined a preliminary 2022 capital budget of $1.2 to $1.3 billion that is expected to deliver average production in the range of 335,000 to 350,000 boe/d.
November 5, 2021, 12 AM MDT
Enerplus Corporation’s expected 2022 capital spending is $500 million, representing a reinvestment rate of 44 per cent based on current forward strip commodity prices.
November 5, 2021, 12 AM MDT
Cardinal Energy Ltd. expects a 2022 $70 to $80 million capital program which includes drilling and completion of 18 wells.
November 5, 2021, 12 AM MDT
Pine Cliff Energy Ltd.’s board of directors has approved a $8.5 million increase in the 2021 capital budget to $21.5 million.
November 5, 2021, 4:59 AM MDT
Baytex Energy Corp. executives are monitoring cost inflation pressures in its operating areas, which is a critical issue for industry as whole as 2022 capital plans are developed in the coming weeks.
November 5, 2021, 9:53 AM MDT
At Tupper Montney in Q3, Murphy Oil Corporation’s natural gas production averaged 292 mmcf/d.
November 4, 2021, 6:58 AM MDT
Paramount Resources Ltd. says its 2022 capital budget is expected to range between $500 million and $540 million, excluding land acquisitions and abandonment and reclamation activities, an increase of $165 million at midpoint from preliminary guidance.
November 4, 2021, 6 AM MDT
Baytex Energy Corp. is “intensely focused on maintaining capital discipline.”
November 4, 2021, 3:28 PM MDT
Ovintiv Inc. views its 2021 development program as being highly repeatable in 2022 for the same amount of capital investment.
November 3, 2021, 11:24 AM MDT
Gear Energy Ltd. has lifted its 2021 spending plan, and outlined its capital plans for 2022.
November 3, 2021, 2:46 PM MDT
Obsidian Energy Ltd. has entered into a purchase and sale agreement to acquire the remaining 45 per cent partnership interest in the Peace River Oil Partnership (PROP) asset from its joint venture partner through a wholly-owned subsidiary.
November 2, 2021, 4:12 PM MDT
Surge Energy Inc. completed its previously announced acquisition of Fire Sky Energy Inc.
November 2, 2021, 6:03 AM MDT
Imperial Oil Limited’s strong third quarter operational performance enabled the company to “maximize value” from the current commodity price environment, says Brad Corson, president and chief executive officer.
October 29, 2021, 11:15 AM MDT
Tamarack Valley Energy Ltd. is increasing its full-year production guidance by four per cent to 34,250 boe/d, and the company has announced its inaugural dividend and return-of-capital framework.
October 28, 2021, 10:15 AM MDT
Obsidian Energy Ltd. has lifted its 2021 guidance.
October 28, 2021, 12 AM MDT
Obsidian Energy Ltd. has two drilling rigs active in its Cardium asset.
October 28, 2021, 12 AM MDT
Crescent Point Energy Corp. is focusing on improving the company’s economics in the Kaybob Duvernay play, which it says are already highly competitive.
October 28, 2021, 11:22 AM MDT
October 25, 2021, 12 AM MDT
Whitecap Resources Inc. plans to spend $470–$490 million in 2022 and has accelerated its fourth quarter 2021 capital program in light of strong commodity prices and a desire to secure needed services and supplies, the company announced this morning.
October 14, 2021, 11:02 AM MDT
Canada’s oilsands majors continue to generate huge amounts of free cash flow in 2021.
October 13, 2021, 6 AM MDT
InPlay Oil Corp. is acquiring Prairie Storm Resources Corp., a light-oil Cardium focused producer with operations primarily in the Willesden Green area of central Alberta, for total net consideration of approximately $40.5 million.
September 28, 2021, 3:05 PM MDT
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