Athabasca Oil Corporation increased its 2018 capital budget by $45 million to reflect continued activity in the Montney at Placid through the second half of 2018.
August 2, 2018, 7:03 AM MDT
Vermilion Energy Inc.’s second quarter Canadian output increased 37 per cent to 43,817 boe/d from the previous quarter as additional volumes associated with the company’s $1.4 billion acquisition of Spartan Energy Corp. earlier this year padded results.
July 30, 2018, 10:11 AM MDT
Cequence Energy Ltd. outlined a series of transactions that will refinance the company's balance sheet, and provide greater flexibility and liquidity to execute the ongoing business plan of the company.
July 30, 2018, 7:57 AM MDT
June 4, 2018, 8:32 AM MDT
Altura Energy Inc. is selling its east-central Alberta and Saskatchewan assets for cash consideration of $28.38 million.
May 16, 2018, 6 AM MDT
Oil and NGL prices have exceeded Kelt Exploration Ltd.’s previous forecasts year-to-date, however the futures market is currently indicating lower natural gas prices than previously forecasted.
May 9, 2018, 7:44 AM MDT
TORC Oil & Gas Ltd. announced an agreement to acquire light oil assets, which are complementary to its existing operations in southeast Saskatchewan.
May 9, 2018, 3 AM MDT
Perpetual Energy Inc. has lowered its 2018 capital expenditure guidance to $21 to 25 million ($6 to 10 million for the remainder of 2018) from $23 to 27 million and reduced its Mannville heavy oil drilling in the second half of 2018 to two wells (1.3 net) from the previous range of six to 10 wells.
May 8, 2018, 7:09 AM MDT
Painted Pony Energy Ltd. is lowering its planned capital program to between $145 and $165 million from previous 2018 expectations of $185 million.
May 4, 2018, 6 AM MDT
Bellatrix Exploration Ltd. is reducing its expected capital expenditure budget for 2018 to a range of $55 million to $60 million (down from a range of $65 million to $80 million), which lowers annual average production guidance by 1,000 to 1,500 boe/d.
April 3, 2018, 7:01 AM MDT
March 22, 2018, 10:02 AM MDT
Including drilling associated with acquisitions, 464 (22.3 net) wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2017, a 65 per cent increase versus 2016.
March 9, 2018, 10:06 AM MST
TransGlobe Energy Corporation is extremely pleased with its US$60 million (C$80 million) Canadian acquisition at Harmattan, based on the results of the first year in which it focused on Cardium light oil, the company’s CEO said on Wednesday.
March 8, 2018, 6 AM MST
Painted Pony Energy Ltd.’s 2017 annual average daily production increased by 85 per cent to 257 mmcfe/d (42,882 boe/d).
March 8, 2018, 8:52 AM MST
Granite Oil Corp. is expecting to spend less in 2018.
March 8, 2018, 4:04 AM MST
Cona Resources Ltd. has reduced 2018 capital spending to $44.5 million, with a corresponding estimated 450 boe/d production impact, while the company’s largest shareholder aims to take it private at $2.55 per common share.
March 7, 2018, 10:38 AM MST
Obsidian Energy Ltd. is adding three additional Willesden Green Cardium wells to its 2018 development near its recent program.
March 7, 2018, 9:25 AM MST
Capital expenditures in the oil and gas industry are forecast to remain relatively flat until 2021, with an increase in conventional oil and gas sector spending offset by a decline in capital expenditures in the oilsands sector, says the Alberta Energy Regulator (AER) in a new report.
March 1, 2018, 3:12 AM MST
For 2018, Leucrotta Exploration Inc. will drill a minimum of three additional horizontal delineation wells in the Lower Montney Turbidite oil window that will substantially complete the evaluation of productive capability over its 140-section land block.
February 27, 2018, 7:39 AM MST
Raging River Exploration Inc. says its initial Duvernay light oil discovery well (4-11) in the Ferrybank area of central Alberta continues to produce at strong rates.
February 22, 2018, 3:22 AM MST
A few more large producers announced capital spending plans during some recent Q4 announcements, pushing capital plans to $29.01 billion for 2018, according to 54 companies in the DOB database.
February 21, 2018, 6 AM MST
Encana Corporation grew its production to 335,200 boe/d in the fourth quarter from 321,500 boe/d in the final quarter of 2016.
February 15, 2018, 11:49 AM MST
Birchcliff Energy Ltd. announced a capital expenditure budget for 2018 of $255 million.
February 15, 2018, 3:56 AM MST
Pine Cliff Energy Ltd.’s board of directors has approved a 2018 capital budget of $10.4 million that will be funded from cash flow at an AECO reference price of $1.50/mcf.
February 13, 2018, 11:21 AM MST
Canadian natural gas producers are definitely adopting more prudent capital budgets in 2018 as they consider drilling plans against the backdrop of last year’s erratic pricing in Western Canada.
February 12, 2018, 8:20 AM MST