Completions

  • Bonterra Boosts Capital Spending Range

    Bonterra Energy Corp. increased its capital expenditure budget range to $70 million to $75 million, due to additional infrastructure costs and inflationary pressures.

    August 10, 2022, 3:14 PM MDT

  • Birchcliff Drilled 12 Wells In Q2, Completes Turnarounds

    Birchcliff Energy Ltd.’s F&D capital expenditures were $84.2 million in Q2 2022.

    August 10, 2022, 2:57 PM MDT

  • Pipestone Energy Drills 6 Wells, Completes Step-Out

    During the second quarter, Pipestone Energy Corp. rig released six wells on the 2-32 pad, and four of a total six planned wells on the 14-19 pad.

    August 10, 2022, 8:05 AM MDT

  • TransGlobe Boosting Capital Spending

    In Canada, during the second quarter TransGlobe Energy Corporation successfully drilled three, 100 per cent working interest horizontal Cardium reservoir development wells (two, two-mile, and one, one-mile) in the South Harmattan area.

    August 10, 2022, 6:42 AM MDT

  • Crew’s Greater Septimus Activity Focused On 4-14 Pad; Expansion Of Infrastructure

    Second quarter capital expenditures for Crew Energy Inc. Greater Septimus focused on the equip and tie-in of the 4-14 pad during Q2/22, along with expansion of the infrastructure interconnectivity between Crew’s Septimus and West Septimus gas plants.

    August 9, 2022, 12 AM MDT

  • Tenaz Boosts Spending Outlook

    Tenaz Energy Corp. has boosted capital spending guidance from $5.8 to $8.0 million following the completion of wells in the Leduc-Woodbend, driven by longer well lengths with more frack stages, higher-than-budgeted inflation in services prices, and costs for open-hole sidetracking in one of the wells due to a stuck drill pipe event.

    August 8, 2022, 5:55 AM MDT

  • Limited Fleets Could Hamper U.S. Crude Oil Output

    July 29, 2022, 12 AM MDT

  • Calfrac Q2 Revenue Climbs

    Calfrac Well Services Ltd. generated Q2 revenue of $318.5 million, an increase of 83 per cent from the second quarter in 2021, resulting primarily from improved activity in all of the company's operating divisions and improved pricing in North America.

    July 28, 2022, 4:38 AM MDT

  • Trican Records 63 Per Cent Revenue Growth In ‘Overall, Better’ Q2

    Trican Well Service Ltd. posted gains in both revenue and total proppant pumped in the second quarter of this year.

    July 27, 2022, 2:10 PM MDT

  • Drilling And Completions Strategies Evolving In The Duvernay

    Operators continue to fine-tune their development strategies to improve productivity and drive efficiencies in all regions of the Duvernay shale play, a Canadian Society for Unconventional Resources (CSUR) workshop in Calgary heard recently.

    June 23, 2022, 6 AM MDT

  • Inflation Remains ‘Pressing Concern’: STEP

    STEP Energy Services Ltd. says that inflation remains a pressing concern for the company, pointing to the continued need for “pricing adjustments.”

    June 21, 2022, 12 AM MDT

  • Duvernay-Focused B-32 Closes Financing; Company Has Been Active On The Drilling Front

    B-32 Exploration Ltd. closed a series of non-brokered financings totaling $20.6 million.

    June 2, 2022, 6:46 AM MDT

  • Like Its Peers, Peyto Attempting To Mitigate Increasing Inflationary Pressures

    Like virtually all of its western Canadian E&P brethren, Peyto Exploration & Development Corp. is increasingly feeling the pinch of inflationary pressures in most aspects of its operations.

    May 13, 2022, 12 AM MDT

  • Longer Term Perspective On Service Pricing Needed To Manage Inflation, Says Trican Boss

    Oilfield service pricing has improved in the last year but rampant cost inflation for materials and labour means margins remain stubbornly flat at unsustainable levels, Trican Well Service Ltd. president and chief executive officer Brad Fedora told analysts at the company’s first quarter conference call Thursday morning.

    May 13, 2022, 2:43 PM MDT

  • Active Capital Program Sees Peyto’s Production Climb; Q1 Funds Flow Sets Record

    An active capital program and robust liquids and natural gas prices backstopped Peyto Exploration & Development Corp.’s strong Q1 results as the company boosted output and financial metrics in the period.

    May 12, 2022, 11:19 AM MDT

  • Revenue, Earnings Up At Trican

    Trican Well Service Ltd. reported improved first quarter 2022 financial performance, with revenues up 48 per cent compared to same quarter of 2021, and adjusted EBITDA up 42 per cent.

    May 12, 2022, 8:08 AM MDT

  • STEP Energy Boosting Capital Spending Plan

    In response to the higher activity expectations, STEP Energy Services Ltd.’s board of directors has approved an increase of $8.3 million to the 2022 capital program, increasing it to $56.0 million.

    May 12, 2022, 7:26 AM MDT

  • Pipestone Energy’s Financial Results Up Across The Board; Company Updates Drilling

    Pipestone Energy Corp. generated record revenue of $153.5 million, which more than doubled Q1 2021 revenue of $71.5 million, and represents a 12 per cent increase from Q4 2021 revenue of $137.3 million.

    May 11, 2022, 6:26 AM MDT

  • InPlay Monitoring Inflation; Lifts Capex

    The supply of steel casing and tubular products required to drill wells has been a big issue identified by InPlay Oil Corp.

    May 11, 2022, 7:38 AM MDT

  • Paramount’s Karr ‘Better Than Ever Dreamed’

    Paramount Resources Ltd. says it has significant opportunities within its near-term identified development project inventory that could take the company to nearly 150,000 boe/d.

    May 9, 2022, 7:54 AM MDT

  • Kelt Boosts Capital Plan

    Kelt Exploration Ltd.’s board of directors has approved an increase to the company's capital expenditure program for 2022.

    May 5, 2022, 11:18 AM MDT

  • Increased Q1 Activity For Obsidian At Willesden Green, Pembina, and Peace River

    Obsidian Energy Ltd.’s first half 2022 development program started with increased activity across its Willesden Green, Pembina, and Peace River areas.

    May 4, 2022, 8:43 AM MDT

  • Canadian Market Picks Up For Calfrac In Q1

    Calfrac Well Services Ltd. reported increases in both fracturing jobs and fracturing revenue in Canada over the first quarter of this year.

    May 3, 2022, 10:05 AM MDT

  • TransGlobe Set To Drill Another Cardium Well

    TransGlobe Energy Corporation says two 100 per cent working interest (one two-mile, and one one-mile) Harmattan horizontal Cardium reservoir wells were drilled in the South Harmattan area of its Canada land holdings, with stimulation and equipping anticipated in June 2022.

    April 6, 2022, 4:54 AM MDT

  • Labour Challenges Continue To Impact OFS; Pricing Matters In Q4 2021 And Beyond

    Recruitment and retention of labour remains a challenge for oilfield service companies, including for Precision Drilling Corporation as it tries to secure enough drilling crews to meet the current demand.

    March 31, 2022, 10:11 AM MDT

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