Pengrowth Energy Corporation plans capital spending of $45 million in 2019, down from expected spending of $65 million this year.
November 8, 2018, 10:54 AM MST
TransGlobe Energy Corporation’s 2019 capital program of $34.1 million (before capitalized G&A) includes $24.1 million for Egypt and $10 million (C$13 million) for Canada.
November 8, 2018, 7:11 AM MST
Yangarra Resources Ltd. has increased its 2018 capital budget to $140 million from $120 million.
November 8, 2018, 3:30 AM MST
Pine Cliff Energy Ltd. is boosting its capital budget in order to drill its first oil well in the fourth quarter of 2018.
November 8, 2018, 3:40 AM MST
Development of the East Duvernay shale light oil has taken an important step forward with two new light oil discovery wells in the Pembina area in central Alberta, says Baytex Energy Corp.
November 5, 2018, 10:09 AM MST
Advantage Oil & Gas Ltd.’s 2019 capital expenditures are targeted at $225 million of which $154 million (68 per cent) will be invested in drilling and completion activity.
November 5, 2018, 10:37 AM MST
Whitecap Resources Inc. has ambitious plans to spend more on capital and boost production in 2019 but it all comes down to the widening discount on Canadian oil and the investor climate.
November 2, 2018, 12 AM MDT
Delphi Energy Corp. is adding $15 million to its drilling program at its liquids-rich West Bigstone Montney property.
November 2, 2018, 11:02 AM MDT
Vermilion Energy Inc.’s board of directors has approved a 2019 E&D capital budget of $530 million, with associated production guidance of 101,000 to 106,000 boe/d.
October 25, 2018, 6:36 AM MDT
Tamarack Valley Energy Ltd. has reported that due to exceptional 2018 drilling results, current production is ahead of forecast and as a result it has increased its annual and exit production for the second time.
September 20, 2018, 9:08 AM MDT
Proceeds from a cash payment of $16.7 million for non-core oil and gas properties in the West Pembina area of Alberta will be used to accelerate Cardium drilling within its core Willesden Green area and to pay down debt, says InPlay Oil Corp.
September 13, 2018, 9:27 AM MDT
Crescent Point Energy Corp. officially has a new top executive and will undertake a substantial workforce reduction of 17 per cent, the company announced this morning.
September 5, 2018, 11:56 AM MDT
Suncor Energy Inc.’s next development decision on its portfolio of 350,000 bbls/d of new in situ oilsands projects could come as early as the end of next year, but as it stands now, it’ll be a no.
September 5, 2018, 10:20 AM MDT
Kelt Exploration Ltd. has elected to redirect capital to several projects previously planned for 2019.
September 4, 2018, 7:35 AM MDT
The outlook for oilsands construction is nowhere near where it once was, with analysts expecting that growth spending will average just $3 billion per year for the next four years. Growth capital has been on a downward trend since peaking in 2014 at approximately $24 billion and is unlikely to ever spike that high again, according to Peters & Co.
August 30, 2018, 7:31 AM MDT
Traverse Energy Ltd. says it has reduced its 2018 capital budget to $3 million while it continues to assess its assets and its East Duvernay well at Chigwell for which it recorded an impairment in the second quarter of 2018.
August 24, 2018, 9:43 AM MDT
With its strategic combination with Raging River Exploration Inc. officially closed, Baytex Energy Corp. is forecasting a fourth quarter production rate of approximately 97,000 to 99,000 boe/d, based on exploration and development expenditures of $275 to $325 million in the second half of 2018.
August 23, 2018, 9:08 AM MDT
TransGlobe Energy Corporation says it has finalized its Cardium drilling program, and is set to kick it off later this month or in early September.
August 14, 2018, 9:17 AM MDT
Enerplus Corporation has boosted its 2018 capital guidance to $585 million, which was the top range of the previous guidance of $535-$585 million, largely related to increased non-operated activity.
August 10, 2018, 11:09 AM MDT
Tamarack Valley Energy Ltd.’s strong operational execution provides flexibility to allocate capital to projects such as the Veteran waterflood in the latter half of 2018 that will benefit Tamarack into 2019 and 2020 through lower production decline rates without impacting the current year's volumes.
August 10, 2018, 5:48 AM MDT
InPlay Oil Corp.’s capital program of $12.3 million in the second quarter of 2018 was comprised of several exploration, development and land acquisition activities.
August 10, 2018, 6:08 AM MDT
TORC Oil & Gas Ltd. completed the acquisition of Villanova 4 Oil Corp., a private oil company with complementary high quality, light oil assets in southeast Saskatchewan.
August 9, 2018, 2:44 AM MDT
Yangarra Resources Ltd. announced an increase in the capital budget from $90 million to $120 million for 2018.
August 9, 2018, 6:20 AM MDT
Perpetual Energy Inc. has increased its 2018 capital expenditure guidance from a range of $21 to $25 million to $25 to $30 million ($8 to $13 million for the remainder of 2018) and increased its planned Mannville heavy oil drilling in the second half of 2018 to five to nine wells (4.3 - 8.3 net) from two wells (1.3 net) previously.
August 3, 2018, 7:15 AM MDT
Bellatrix Exploration Ltd.’s Spirit River wells continue to outperform budget expectations, resulting in lower sustaining capital requirements for the remainder of 2018.
August 3, 2018, 8:45 AM MDT