Peyto Exploration & Development Corp. has drilled many wells into the Deep Basin since 2009, and in that time the company has not tweaked its well design very much — an approach top brass says allows the company to compare results and know differences between wells are due to the rocks.
July 11, 2017, 6 AM MDT
Devon Energy Corporation has brought online a record-setting Meramec well and commenced production on several high-rate wells in the core of the over-pressured oil window of the STACK play during the second quarter of 2017.
July 11, 2017, 9:19 AM MDT
Based on field estimates for June, Baytex Energy Corp.’s average production during Q2 2017 is estimated at 72,500 boe per day representing a five per cent increase over Q1 2017.
June 27, 2017, 6 AM MDT
Even if the last few quarters have seen increasing capital movement towards popular U.S. basins, the Western Canadian Sedimentary Basin is still profitable for those who know how to produce it, and it will remain so long after more southerly overheated basins eventually cool down, says top brass at Penn West Petroleum Ltd.
June 8, 2017, 11:47 AM MDT
If Canada’s well count cracks 7,000 this year — only slightly above forecasts — it will take all of the industry’s idle pressure-pumping equipment off the fence and into the field, the head of Trican Well Service Ltd. said on Wednesday.
June 1, 2017, 10:30 AM MDT
Tourmaline Oil Corp. says it has identified three new extensive exploration and production opportunities within its existing core complexes at Brazeau River, Hinton-Anderson-Lambert and Peace River.
May 30, 2017, 4:08 AM MDT
Canada Energy Partners Inc. has submitted its primary appeal documents with the B.C. Oil & Gas Appeal Tribunal (OGAT).
May 29, 2017, 7:16 AM MDT
Crescent Point Energy Corp. will only raise its dividend if the long-term oil price outlook is favourable, said Scott Saxberg, president and CEO.
May 25, 2017, 10:38 AM MDT
May 25, 2017, 9:58 AM MDT
At Michichi in the first quarter, three Banff horizontal light oil wells were drilled, completed and tied in from a single pad location for an average total cost of $1.79 million each, reported Marquee Energy Ltd.
May 24, 2017, 6 AM MDT
Already a dominant Montney landholder at Bigstone in northwest Alberta, Delphi Energy Corp. has its eye on an additional 55 or 60 sections in the area, company shareholders heard Thursday.
May 19, 2017, 5 AM MDT
May 18, 2017, 8:11 AM MDT
Noting the last few years have been among the toughest for Western Canada’s oil and gas industry, the head of Calfrac Well Services Ltd. said this week the situation has begun to improve.
May 11, 2017, 9:56 AM MDT
Paramount Resources Ltd. has increased its 2017 capital budget to $385 million from $325 million.
May 10, 2017, 9:51 AM MDT
Market access is key to the continued success of Seven Generations Energy Ltd., as it has been a central concern for the company since “day one,” says top brass, which is why management grabbed 500 mmcf per day capacity on the Alliance Pipeline system long before 7G had the production to match that commitment.
May 5, 2017, 6:40 AM MDT
Seven Generations Energy Ltd.’s higher-intensity completions may increase costs, but by putting away more sand per well it improves production rates and equates to better economic returns in a market of increasing service costs.
May 4, 2017, 11:20 AM MDT
Trican Well Services Ltd. first quarter revenue increased to $149.4 million from $99.8 million a year earlier, and management expects that activity and pricing will continue building from first quarter levels after spring breakup as many work programs have been, or are being repriced, for the third and fourth quarters.
May 4, 2017, 10:52 AM MDT
Athabasca Oil Corporation's 2017 thermal oil budget has been reduced by $30 million to $75 million with unchanged production guidance of 29,000-32,500 bbls per day.
May 4, 2017, 2:46 AM MDT
May 4, 2017, 2:55 AM MDT
When Encana Corporation reported impressive well results on Tuesday, the company cited its approach to pad development and completion design.
May 3, 2017, 6 AM MDT
On March 24, 2017, Shell Canada and NCS Multistage completed 366 stages across four wells in the Duvernay formation.
May 3, 2017, 6 AM MDT
Although its first quarter financial results improved, Calfrac Well Services Ltd. says investing for growth and a sustainable business model will require further pricing improvement going forward.
April 27, 2017, 6 AM MDT
Packers Plus Energy Services Inc. installed a StackFRAC Titanium XV system in a challenging high pressure/high temperature (HPHT) well in a Jurassic reservoir in the Middle East.
April 24, 2017, 3:45 AM MDT
April 11, 2017, 3:30 AM MDT
Packers Plus Energy Services Inc. recently completed 16 extended reach lateral wells with 16 lower stages in each well for an operator in Alberta's Deep Basin Montney formation.
April 11, 2017, 7:33 AM MDT