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
November 6, 2020, 7:21 AM MST
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