Drilled-but-uncompleted (DUC) wells are “kind of the story for 2020,” specifically for the liquids-rich plays, says Scott Norlin, upstream Canada research associate at Wood Mackenzie Ltd. In reference to the year so far, he told the Bulletin: “The word ‘unprecedented’ has been used an unprecedented number of times.”
July 2, 2020, 7:07 AM MDT
May 7, 2020, 8:31 AM MDT
Kelt Exploration Ltd. has no immediate plans to start up drilling and completion operations on wells that currently remain in its budget until there is better clarity on future commodity prices which have been negatively impacted by global oil demand destruction as a result of the COVID-19 pandemic.
April 9, 2020, 7:17 AM MDT
March 17, 2020, 7:56 AM MDT
STEP Energy Services Ltd.’s Canadian operations posted stronger adjusted EBITDA margins for both the 2019 fourth quarter and full year at 13 per cent of revenue (2018-nine per cent) and 18 per cent (2018-16 per cent) respectively.
March 13, 2020, 9:02 AM MDT
Murphy Oil Corporation’s revised 2020 budget is $950 million.
March 12, 2020, 6:43 AM MDT
Montney natural gas producer Pipestone Energy Corp. is deferring approximately $70 million in drilling and completion related activity in 2020, reducing forecast capital spending program to a midpoint of $60 million from its previous forecast of $150 million.
March 12, 2020, 11:11 AM MDT
Calfrac Well Services Ltd. isn’t likely to add capacity to its Canadian operations unless there’s meaningful improvement in pricing and returns, despite anticipated higher rig counts and activity in the first quarter of 2020 compared to a year ago.
March 6, 2020, 9:11 AM MST
Calfrac Well Services Ltd. reported lower revenues across all four of its operating areas in 2019.
March 5, 2020, 8:58 AM MST
Two induced seismic events near Red Deer recently prompted the Alberta Geological Survey (AGS) to review earthquakes in Central Alberta.
January 27, 2020, 9:54 AM MST
STEP Energy Services Ltd. has successfully achieved its 2020 request-for-proposal goals, providing clear line-of-sight to work programs that enable greater stability, predictability and equipment utilization.
January 23, 2020, 8:25 AM MST
STEP Energy Services performed in early January its first coiled tubing job in North Dakota for an independent oil producer in the area.
January 16, 2020, 8:49 AM MST
During the last half of December, Saturn Oil & Gas Inc. brought on production four (4.0 net) extended-reach horizontal (ERH) Viking light oil wells, which led to a strong 2019 exit rate.
January 9, 2020, 7:06 AM MST
The 2020 “main story” for oilfield services will be excess drilling and completions capacity across North America with a flat capital spending profile in Canada, according to an industry analyst.
January 2, 2020, 7:29 AM MST
Halliburton Company will suspend its Cementing Product Service Line (PSL) in Western Canada at the end of this year, says a company spokesperson.
December 4, 2019, 11:24 AM MST
Canada is “second to no one” in terms of its industry’s operational, safety or environmental standards, says Total Energy Services Inc. top brass, and politicians and business leaders should see rigs first-hand.
December 2, 2019, 9:01 AM MST
November 22, 2019, 10:34 AM MST
Prairie Provident Resources Inc.’s latest 102/08-04-021-11W4 well is the company’s seventh successful Lithic Glauconite well drilled in the last two years in the Princess area.
November 21, 2019, 7:23 AM MST
Kelt Exploration Ltd. has started development operations on its 162-section (103,955 acres) Montney land block at Wembley/Pipestone.
November 8, 2019, 6:52 AM MST
Trican Well Service Ltd. top brass never liked the supply-and-demand balance in the U.S. fracturing market, says Dale Dusterhoft, which is why the company has not entered that market. Based on what he now sees playing out with substantial oversupply and prices dropping, it further tempers the company’s enthusiasm for going south of the border.
November 7, 2019, 11:48 AM MST
Canadian Premium Sand Inc. says it has completed its first shipment of Northern White silica sand to a customer’s terminal in Western Canada.
November 4, 2019, 9:57 AM MST
Although Murphy Oil Corporation continues to be pleased with results from its Kaybob Duvernay program, the U.S.-based company is taking a longer-term approach to ramping up development as it waits for macroeconomic conditions to improve.
November 1, 2019, 7:13 AM MDT
Calfrac Well Services Ltd. announced a $10 million reduction in its 2019 capital budget, which is now set at $139.6 million.
October 31, 2019, 7:18 AM MDT
Saturn Oil + Gas Inc.’s second-half 2019 drilling program exceeded expectations with strong volumes achieved from four (4.0 net) extended-reach horizontal Viking light oil wells completed and brought online in early September.
October 17, 2019, 9:54 AM MDT
Advantagewon Oil Corp. says it has entered the Canadian oilpatch with the completion of the first oil well of a three-well joint venture reactivation plan.
October 17, 2019, 10:50 AM MDT