In the evolution of Obsidian Energy Ltd., the future is all about “not big but quick” as the company focuses on its fast cash cycle Cardium light oil assets at Willesden Green, its chief executive said Thursday.
November 16, 2018, 6:23 AM MST
Amid Trump tax cuts and reduced regulations in the U.S., and robust activity in premium basins like the prolific Permian, Canada’s battered energy sector is looking for some relief. As U.S. output soars to all time record levels, driven by technology partly developed north of the border, Canada risks losing its edge, panelists told the Calgary Energy Roundtable.
October 15, 2018, 6 AM MDT
STEP Energy Services Ltd. announces the completion of another record-breaking coiled tubing project on a 15k well while performing milling operations for an operator in the Duvernay.
September 4, 2018, 7:21 AM MDT
Murphy Oil Corporation has raised its 2018 capital expenditure budget by six per cent to US$1.18 billion, with US$50 million of the increased spend being allocated to its Kaybob Duvernay program.
August 9, 2018, 11:14 AM MDT
Delphi Energy Corp. continues to boost its condensate production, aided recently by the use of a new EOR surfactant that is specifically designed to enhance oil/condensate production.
August 9, 2018, 11:43 AM MDT
Service companies, including those based in Canada and operating in the Permian Basin, are keeping an eye on pipeline bottlenecks in the play, and how that might impact activity in the back half of the year.
August 8, 2018, 7:42 AM MDT
NCS Multistage Holdings, Inc. CEO Robert Nipper says the company has been successfully expanding its business with customers in the Cardium and Deep Basin.
August 8, 2018, 8:18 AM MDT
NCS Multistage Holdings, Inc. has entered into a five-year frame agreement with Aker BP for well-stimulation services on the Norwegian Continental Shelf.
August 8, 2018, 2:48 AM MDT
Led by strong increases in condensate and liquids volumes, Seven Generations Energy Ltd.’s second quarter production averaged 187,100 boe/d, a 13 per cent increase compared to 165,200 boe/d during the same period in the prior year.
August 2, 2018, 10:52 AM MDT
The long dry spell for western Canadian natural gas producers, who are sitting on some of the highest quality reserves in North America, may be coming to a close, some of the lowest cost junior producers say.
July 13, 2018, 10:16 AM MDT
May 31, 2018, 6 AM MDT
May 31, 2018, 6 AM MDT
Alberta’s Duvernay shale has moved from exploration into the early stages of commercial development.
May 29, 2018, 9:07 AM MDT
Strategic Oil & Gas Ltd.’s new top brass sees “extraordinary opportunity to realize value” from company assets, but doing so will require setting some priorities over the next couple of months.
May 25, 2018, 8:57 AM MDT
Duvernay operators have incorporated technological advances in drilling and completions developed earlier in the Eagle Ford, with operators in the Duvernay bringing down capital costs per boe of estimated ultimate recovery to levels approaching what developers have achieved in the more mature Eagle Ford play.
May 24, 2018, 11:02 AM MDT
An early infrastructure investment in the Bigstone area is paying off for Delphi Energy Corp. as it continues to develop and delineate its Montney play, company shareholders heard Tuesday.
May 23, 2018, 8:32 AM MDT
The uncovering of what Altura Energy Inc. describes as “one of the largest conventional oil pools discovered in the Western Canada Sedimentary Basin within the last 20 years” — under the nose of the Leduc discovery that launched the Alberta oil industry in 1947 no less — was the result of the tenacity of the company’s vice-president of exploration, according to Altura’s president and chief executive officer.
May 18, 2018, 11:03 AM MDT
Precision Drilling Corporation sees limited opportunities in Western Canada until new pipelines can increase market access for its Canadian customers, which is why Kevin Neveu supports the federal government’s promise to indemnify Kinder Morgan Canada Limited’s Trans Mountain expansion project.
May 17, 2018, 6 AM MDT
With positive results from the testing of a new completion design at its Sundance Cardium play, Peyto Exploration & Development Corp. plans to load up the back-half of 2018 with about 40 more Cardium wells.
May 14, 2018, 9 AM MDT
When Jeff Tonken, president, CEO and chair of Birchcliff Energy Ltd. this week reported production test results on 15 new wells at Gordondale and Pouce Coupe, he wanted to send a message to the market: the company will deliver what it has promised.
May 11, 2018, 3:07 AM MDT
NuVista Energy Ltd. was only able to achieve its recent record-setting five-kilometre well after a long progression of advancements that enabled increasingly longer horizontals while minimizing the risk of losing the hole.
May 9, 2018, 9:08 AM MDT
Peyto Exploration & Development Corp. says a “strategic shift” undertaken early this year to counteract persistently weak and volatile natural gas prices has proven effective.
May 9, 2018, 10:31 AM MDT
Oil and NGL prices have exceeded Kelt Exploration Ltd.’s previous forecasts year-to-date, however the futures market is currently indicating lower natural gas prices than previously forecasted.
May 9, 2018, 7:44 AM MDT
May 9, 2018, 11:36 AM MDT
Improved understanding of its reservoirs and production responses has led Seven Generations Energy Ltd. to challenge its well design assumptions.
May 4, 2018, 10:52 AM MDT