Western Canada’s rig activity was fairly static during the seasonal slowdown in May—in percentage terms, the active rate was much higher than last year, when the effects of the COVID-19 slowdown were fully taking hold (see graph).
May 28, 2021, 8:42 AM MDT
The importance of pricing was a sentiment expressed by several oilfield services companies while reporting their first quarter financial and operational results.
May 21, 2021, 6:31 AM MDT
Trican Well Service Ltd. plans to increase its pricing in the second half of 2021, says top brass, as the company simply cannot operate at current pricing levels if it wants to maintain a sustainable business.
May 14, 2021, 8:15 AM MDT
Trican Well Service Ltd. has enjoyed a “really good start” to the second quarter, says Bradley Fedora, president and chief executive officer, as customers take advantage of good commodity prices and stable weather.
May 14, 2021, 9:03 AM MDT
North American pressure pumping pricing is showing early signs of recovery, said STEP Energy Services Ltd.
May 13, 2021, 7:05 AM MDT
Pipestone Energy Corp. kicked off its 2021 capital program with seven wells drilled and rig released and six wells completed during the first quarter of 2021.
May 12, 2021, 7:24 AM MDT
Bonterra Energy Corp. invested $23.5 million in capital expenditures during Q1 2021.
May 12, 2021, 12 AM MDT
Obsidian Energy Ltd. has formally closed its previously announced strategic alternatives process, considering the successful completion of the syndicated credit facility and senior notes maturity extension to November 2022 and its stronger operational and improved financial position.
May 7, 2021, 7:38 AM MDT
TransGlobe Energy Corporation began completions work during Q1 2021 on the previously drilled two-mile horizontal well in South Harmattan.
May 7, 2021, 8:28 AM MDT
Kelt Exploration Ltd.’s average production in Q1 fell to 18,860 boe/d, a 39 per cent drop from the same quarter last year.
May 6, 2021, 7:09 AM MDT
April 30, 2021, 7:54 AM MDT
April 26, 2021, 8:47 AM MDT
April 9, 2021, 7:47 AM MDT
STEP Energy Services Ltd. outlined a 2021 capital program of $33.7 million based on expected work activity.
March 18, 2021, 8:07 AM MDT
After being pummeled by the COVID-19 pandemic and price crash in 2020, Calfrac Well Services Ltd. is going into 2021 a leaner, more agile company on firmer financial footing.
March 4, 2021, 8:30 AM MST
With field activity gradually improving as oil and gas demand and prices increase, oilfield services need a bigger piece of the pie if customers expect the sector to continue to invest long-term, Calfrac Well Services Ltd. president and chief operating officer Lindsay Link told analysts during the company’s fourth quarter conference call.
March 4, 2021, 2:27 PM MST
Trican Well Service Ltd. has strengthened its liquidity and financial position post-Q4 2020 through agreements to sell non-core assets and businesses for proceeds of more than $7 million, which includes the signing of a definitive agreement to sell its software business for estimated proceeds of $6 million.
February 24, 2021, 5:57 AM MST
February 17, 2021, 6 AM MST
Pipestone Energy Corp.’s Q4 2020 production averaged 17,734 boe/d (31 per cent condensate, 44 per cent total liquids), the highest quarterly production since inception.
February 10, 2021, 9:22 AM MST
TransGlobe Energy Corporation is preparing to stimulate and equip the two-mile horizontal well drilled but not completed as part of the company’s 2020 Cardium drilling program in South Harmattan.
January 22, 2021, 9:37 AM MST
The increased use of alternatives and improvements in technology have reduced the energy industry’s need for non-saline water, although growth in oilsands production has driven a three per cent increase in non-saline water intensity since 2015, says an Alberta Energy Regulator (AER) report.
December 14, 2020, 7:23 AM MST
November 23, 2020, 8:46 AM MST
Calfrac Well Services Inc. is further reducing its full-year 2020 capital budget by 27 per cent to $40 million, doing so in response to current market conditions.
November 12, 2020, 11:46 AM MST
Tamarack Valley Energy Ltd. is accelerating $9.4 million of capital from its Q1 2021 program into Q4 2020 to take advantage of stronger winter gas pricing and lower service costs.
November 11, 2020, 5:45 AM MST
Improving industry demand resulted in the addition of a fourth fracturing crew in early October, said Trican Well Service Ltd.
November 6, 2020, 9:50 AM MST