Advantage Oil & Gas Ltd. announced a 2018 capital budget of $175 million funded through cash flow.
December 12, 2017, 3:34 AM MST
TORC Oil & Gas Ltd. announced a 2018 capital budget of $165 million.
December 12, 2017, 6 AM MST
December 7, 2017, 6 AM MST
Baytex Energy Corp. this morning announced a 2018 capital budget of $325 million to $375 million, which is designed to generate average annual production of 68,000 to 72,000 boe/d.
December 7, 2017, 7:46 AM MST
MEG Energy Corp. this morning announced a 2018 capital budget of $510 million.
December 1, 2017, 5:12 AM MST
Marquee Energy Ltd. says its board of directors has approved a first half 2018 capital program of $9.7 million for a five-horizontal well development drilling program at Michichi.
November 21, 2017, 9:27 AM MST
Seven Generations Energy Ltd.’s underestimation of the required Pembina Kakwa River natural gas processing plant downtime in 2017 is largely why the company will now take a more conservative outlook regarding third party-related infrastructure downtime for next year — likely to be around 30 to 45 days for the 12-month period.
November 17, 2017, 10:37 AM MST
Some producers who updated capital plans during the third quarter reporting season have added to 2017 capex by shifting planned spending from the first quarter of 2018 to the fourth quarter of 2017.
November 16, 2017, 6 AM MST
Suncor Energy Inc.’s capital program of between $4.5 and $5 billion for 2018 and average upstream production of 740,000 to 780,000 boe/d at the midpoint of these ranges represent a year-over-year production increase of more than 10 per cent and a capital spending reduction of approximately $750 million.
November 16, 2017, 3:34 AM MST
Seven Generations Energy Ltd.'s board of directors has approved 2018 capital investment of $1.675 to $1.775 billion, which will target an average production range of 200,000 to 210,000 boe/d in 2018 and build the longer-term capacity to produce 220,000 to 240,000 boe/d in 2019.
November 16, 2017, 8:13 AM MST
Given the uncertainty over natural gas prices, Storm Resources Ltd. has set its 2018 spending guidance between $55 million and $90 million.
November 16, 2017, 7:12 AM MST
The board of directors of Zargon Oil &Gas Ltd. has approved a first half 2018 capital budget of $3.7 million that is projected to deliver first half 2018 guidance levels of 2,600 boe/d (79 per cent oil and liquids).
November 15, 2017, 8:57 AM MST
Cona Resources Ltd. intends to spend about $61.5 million in 2018, directing $42 million towards enhanced oil recovery (EOR) and infill drilling of 29 wells, as well as $16 million on other drilling towards 25 wells, maintaining production guidance of 17,400 boe/d for next year, which is on par with this year’s guidance.
November 14, 2017, 10:41 AM MST
InPlay Oil Corp. said that subsequent to the end of the quarter it increased its 100 per cent owned Crown land position in the Huxley area of the East Basin Duvernay shale play by 123 per cent to 23,200 acres (36.25 sections).
November 13, 2017, 7:03 AM MST
Granite Oil Corp. is targeting a 2018 capital program totaling approximately $12 million, representing a 26 per cent drop year over year.
November 12, 2017, 7 PM MST
ARC Resources Ltd. laid out a $690 million capital program for 2018 that focuses on balance sheet strength, sustainable dividend payments, and the profitable development of ARC's Montney crude oil, liquids-rich natural gas, and natural gas assets.
November 10, 2017, 6 AM MST
ARC Resources Ltd. reported net income of $48.5 million for the third quarter, up from $28.3 million the previous year.
November 10, 2017, 6 AM MST
Pengrowth Energy Corporation expects to spend about $75 million less in 2018 than this year and currently anticipates a 2018 capital program of between $50 and $60 million.
November 10, 2017, 10:03 AM MST
Perpetual Energy Inc. announced a total capital spending program of $39 million for 2018, close to 75 per cent concentrated in East Edson, developing liquids-rich natural gas reserves in the Wilrich formation, and 25 per cent in Eastern Alberta, primarily targeting heavy oil development at Mannville along with abandonment and reclamation work to continue to responsibly address decommissioning obligations.
November 10, 2017, 7:59 AM MST
Obsidian Energy Ltd. has approved a $135 million budget for next year with half of planned development capital earmarked for its flagship Cardium play.
November 10, 2017, 11:28 AM MST
Bonterra Energy Corp. will drill five (4.5 net) additional wells in November and December of this year so as to mitigate against service company availability issues anticipated during the first quarter of 2018.
November 10, 2017, 8:32 AM MST
As many Deep Basin players look to smaller activity and less spending, Peyto Exploration & Development Corp. is looking to future land expiries as potential acquisition targets for 2018, says top brass.
November 9, 2017, 11:19 AM MST
Birchcliff Energy Ltd. has released preliminary 2018 capital spending guidance of between $250 million and $450 million.
November 9, 2017, 2:42 AM MST
Paramount Resources Ltd.’s 2018 capital budget of $600 million is focused on liquids-rich growth opportunities.
November 9, 2017, 5:39 AM MST
Kelt Exploration Ltd. says that it is increasing 2017 capital spending, and outlined its preliminary plans for next year.
November 9, 2017, 7:55 AM MST