Whitecap Resources Inc. says it is encouraged by strong initial results on the two most recent Montney pads at Kakwa, where the company has optimized its development strategy for dynamic reservoir and fluid properties in this localized area.
February 23, 2024, 12 AM MST
Calgary headquartered companies Rokk Energy Technologies and Import Tool Corporation Ltd. have signed a collaboration agreement to deliver "next-generation technologies" for advanced drilling and completion systems for the Canadian oil and gas industry.
February 8, 2024, 12 AM MST
Precision Drilling Corporation’s president and CEO Kevin Neveu said during its fourth quarter 2023 investor’s phone-in on Tuesday that the company had commissioned its 30th Super Triple rig upgrade in Canada earlier this quarter.
February 7, 2024, 6:51 AM MST
Athabasca Oil Corporation’s top executive says his company’s decision to enter into transaction agreements with Cenovus Energy Inc. to create Duvernay Energy Corporation represents a “tremendous opportunity” to further exploit the liquids-rich Duvernay play.
December 20, 2023, 5:17 AM MST
Duvernay Energy Corporation’s development plans will leverage off significant de-risking activity on its acreage (74 horizontal wells) and on adjacent competitor activity.
December 19, 2023, 3:32 PM MST
The success applying multilateral wells in the Clearwater has operators utilizing the technology across the WCSB in medium and heavy oil formations to improve well productivity and enhance economic recoveries.
December 14, 2023, 12 AM MST
While Clearwater operators are building out future inventories and optimizing primary development programs, in the core Marten Hills and Nipisi areas they are also advancing waterflood strategies aimed at enhancing the overall economics and longevity of the play.
December 12, 2023, 6 AM MST
Low-cost multilateral wells with open hole completions are the driving force behind the rapid growth in Clearwater development, enabling operators to expose enough of the reservoir to deliver highly economic production.
December 11, 2023, 6 AM MST
The five largest Clearwater heavy oil producers are building out their land positions while testing the boundaries of existing pools and targeting multiple stacked zones in core areas of the play.
December 7, 2023, 6 AM MST
Tamarack Valley Energy Ltd.’s 2024 budget includes a “two phase” approach.
December 6, 2023, 5:39 AM MST
Since starting operations, Logan Energy Corp. has added 62.25 net sections of land around its core area of Simonette, consisting of 32.75 net sections of Montney acreage and 29.5 net sections of land in non-Montney plays on and surrounding its existing asset base.
November 23, 2023, 6:59 AM MST
Lycos Energy Inc. executed a $20.9 million capital expenditure program bringing onstream three multi-leg fishbone wells (including two extended reach sweeper fishbone wells at 17 kilometres and 20 kilometres of drilled reservoir respectively) and three multi-lateral wells (including two new generation wine rack wells) in the quarter.
November 23, 2023, 8:31 AM MST
While the industry spotlight has focused on the Montney play with major acquisition deals in recent days, the head of a Calgary intermediate says he’s happy to stick with his company’s Sparky light/medium-oil play in east-central Alberta.
November 22, 2023, 6 AM MST
Yangarra Resources Ltd.’s drilling costs continue to improve with a reduction of 15-30 per cent in drilling spud to rig release times when compared with previous years, which has mitigated most of the cost escalations experienced over the past 18 months.
November 8, 2023, 7:04 AM MST
Exxon Mobil Corporation believes it can leverage its operational skills to recover an addition billion bbls of oil from the Permian assets it acquired in its $65 billion acquisition of Pioneer Natural Resources, Neil Chapman, senior vice-president, said during the company’s third quarter conference call.
November 6, 2023, 12 AM MST
Whitecap Resources Inc. is using a variety of techniques including extended reach horizontal wells, multilateral wells, and open hole completions to improve productivity at its light oil assets stretching from southeast Saskatchewan to central Alberta, its East Division vice-president Chris Bullin said at the company’s third quarter 2023 conference call and 2024 budget forecast.
October 27, 2023, 7:48 AM MDT
Obsidian Energy Ltd.’s Peace River assets are front-and-centre in the company’s new three-year plan and will provide the lion’s share of production growth during the period, president and CEO Stephen Loukas says.
September 22, 2023, 12 AM MDT
Murphy Oil Corporation and Chevron Canada were early entrants into the Kaybob Duvernay, with both companies far up the learning curve in the play.
September 18, 2023, 12 AM MDT
Both Baytex Energy Corp. and Whitecap Resources Inc. are early in Duvernay development but are seeing promising results with appraisal wells drilled on their acreage.
September 15, 2023, 12 AM MDT
Paramount Resources Ltd. has a long history in the Kaybob area.
September 14, 2023, 6 AM MDT
A flurry of M&A activity the last three years has shifted the landscape in the Duvernay shale play in west-central Alberta, with new technical teams re-evaluating the resource and building on past efforts to create updated development schemes to economically recover the massive resource in place.
September 13, 2023, 9:26 AM MDT
While some U.S. unconventional oil basins may be in their later innings, with many operators gradually exhausting their existing Tier 1 drilling inventories, that doesn’t mean there aren’t decades of future growth left in these plays, Devon Energy Corporation president and chief executive officer Rick Muncrief told analysts during the company’s second quarter 2023 conference call.
August 24, 2023, 12 AM MDT
Oil and gas operators are putting capital back into the U.S. Rockies region to consolidate assets in existing developments and to expand into new areas.
August 23, 2023, 12 AM MDT
Permian operators are drilling and completing longer laterals than ever before, while reporting continued productivity improvements on a well-by-well and asset wide basis.
August 22, 2023, 12 AM MDT
Almost a decade of work understanding the intricacies of shale reservoirs is paying dividends for Occidental Petroleum Corporation in improved recoveries, higher well productivity, and lower costs, company president and chief executive officer Vicki Hollub told analysts on the company’s second quarter 2023 conference call.
August 21, 2023, 12 AM MDT