June 2, 2023, 9:34 AM MDT
The outlook for Lycos Energy Inc. remains unchanged at $37.0 million of exploration and development expenditures to achieve annual average production guidance of 3,000 boe/d with anticipated fourth quarter production rates of 4,000 boe/d.
May 26, 2023, 6 AM MDT
Less than two years since its inception after spinning-out from Perpetual Energy Inc., Clearwater-focused Rubellite Energy Inc. continues to quickly advance its asset base and increase output in the heavy oil play.
May 25, 2023, 6 AM MDT
As a pioneer and continued leader in the hot Clearwater heavy oil play, privately-held Spur Petroleum Ltd. continues to push the boundaries and has ambitious growth plans, says president and CEO Ian Currie.
May 23, 2023, 6:31 AM MDT
The symbiotic Clearwater heavy oil coupling of PrairieSky Royalty Ltd. and privately-held Spur Petroleum Ltd. continues to pay dividends, the top executives of both companies said during PrairieSky’s investor day in Toronto Wednesday.
May 18, 2023, 6 AM MDT
Trican Well Service Ltd. posted significantly improved results in the first quarter 2023 compared to Q1 2022, thanks to strong industry conditions and more moderate inflation rates that improved all major financial categories for the company.
May 16, 2023, 6 AM MDT
Crescent Point Energy Corp. plans to make hay with its acquisition of oil and liquids-rich Montney assets in Alberta from Spartan Delta Corp., which closed on May 10.
May 15, 2023, 8:19 AM MDT
Crescent Point Energy Corp. says its growing utilization of multilateral drilling on some of its Saskatchewan-based assets is paying dividends and extending the life of plays like the Viewfield Bakken, analysts on a Q1 results conference call heard Friday.
May 15, 2023, 6 AM MDT
Murphy Oil Corporation has seen positive results refracturing two older wells in the Karnes area of the Eagle Ford shale play and could launch a standalone refracturing program to extend production and increase ultimate recoveries, said Eric Hambly, executive VP of operations, during the company’s 2023 first quarter conference call.
May 15, 2023, 9:09 AM MDT
Nearly a decade after entering the Permian Basin, Ovintiv Inc. continues to find ways to improve well productivity and oil recovery, executive VP and chief operating officer Greg Givens told analysts at the company’s first quarter conference call.
May 12, 2023, 10:23 AM MDT
Peyto Exploration & Development Corp.’s Q1 production increased slightly to 102,918 boe/d versus 101,549 boe/d a year earlier as new volumes from the development program were partially offset by natural declines, resulting in a one per cent increase year-over-year.
May 11, 2023, 11:07 AM MDT
In the first quarter of 2023, PHX Energy Services Corp. spent $18.6 million in capital expenditures, of which $10 million was spent on growing the company’s fleet of drilling equipment, $4.8 million was spent to replace retired assets, and $3.8 million was spent to replace equipment lost downhole during drilling operations.
May 11, 2023, 9:55 AM MDT
Southeast Alberta, once the natural gas tank of the WCSB, is seeing new life as junior and intermediate operators target bypassed oil pools spread across the vast prairie landscape.
April 13, 2023, 12 AM MDT
ConocoPhillips has successfully completed its appraisal stage in the Montney and is moving to development.
April 12, 2023, 7:32 AM MDT
Kyle Boon, vice-president, operations, for Lycos Energy Inc., has been promoted to the position of chief operating officer, and Barret Henschel, operations manager, has been promoted to the position of vice-president, production.
April 3, 2023, 6:03 AM MDT
Staffing is an ongoing issue in the Canadian pressure pumping segment, where companies need workers with commercial driver’s licences and are therefore competing with other industries where those drivers could find work, says Waqar Syed, managing director, energy technology and services, head of research, ATB Capital Markets.
March 24, 2023, 6 AM MDT
The “big prize” for Canadian pressure pumping activity is the Montney, says Steve Glanville, president and chief executive officer, STEP Energy Services Ltd., and with the agreement between the B.C. government and Blueberry River First Nations (BRFN) hopefully resolved, and permits being issued, the jobs could become more plentiful soon.
March 23, 2023, 12 AM MDT
Tenaz Energy Corp. continues to enhance its Leduc-Woodbend project returns by improving knowledge of the Rex reservoir and depositional environment, extending horizontal well lengths, and continuously improving the frack stimulation design and execution.
March 22, 2023, 6:17 AM MDT
Saskatchewan’s heavy oilfields surrounding Lloydminster and Kindersley continue seeing incremental production growth as operators bring on new thermal wells, drill multilateral development wells, and expand into new areas.
March 16, 2023, 12 AM MDT
Production in the Viking and Shaunavon tight oil plays in western Saskatchewan is down 29 per cent and 27.5 per cent, respectively, from 2018 highs. Neither area has recovered from the pandemic of 2020, but the rate of decline is leveling off.
March 15, 2023, 12 AM MDT
Southeast Saskatchewan operators have shifted activity from unconventional targets in the Bakken/Torquay to the conventional Frobisher Beds as the use of extended reach horizontal drilling and multilateral well design increased well productivity.
March 14, 2023, 12 AM MDT
Saskatchewan’s oilpatch was hit hard by the COVID-19 pandemic and subsequent oil price crash in early 2020, with production declining by almost 70,000 bbls/d by year-end as wells were shut-in and field activity collapsed.
March 13, 2023, 12 AM MDT
February 28, 2023, 11:05 AM MST
“Game-changing” multi-lateral drilling technology is boosting Canadian Natural Resources Limited’s operational performance in its vast conventional heavy oil asset base, attendees of the company’s 2022 Institutional Investor Open House event heard last week.
December 7, 2022, 12 AM MST
Canadian Natural Resources Limited continues to fine-tune its Montney and Deep Basin programs, efforts which have led to reduced costs and increased productivity, according to the company’s chief operating officer, exploration and production.
December 6, 2022, 10:56 AM MST