On the heels of deals to bulk up its Montney asset base, Tourmaline Oil Corp. announced on Tuesday that is was deferring some planned Q1 spending due to lower commodity prices.
March 3, 2020, 4:01 PM MST
Among the risks facing Montney producers is the behemoth would-be LNG customer in China increasing its own domestic natural gas supply — something easier said than done, according to Aaron Engen vice-chair of BMO Capital Markets.
February 26, 2020, 8:16 AM MST
Oklahoma’s Anadarko Basin has been a challenging play, one that has sent some small explorers into bankruptcy and caused investment to flee. But by applying its extensive knowledge and experience to the basin’s Stack and Scoop fields, Ovintiv Inc. says it has now unlocked the acreage it acquired in the $5.5 billion acquisition of Newfield Exploration Co. in 2018.
January 30, 2020, 11:27 AM MST
Cold Bore Technology Inc. has finalized new deals with two leading energy producers based in the Permian Basin and completed installation of its SmartPAD completions operating system.
January 29, 2020, 8:20 AM MST
Birchcliff Energy Ltd. says its 2020 total finding and development (F&D) capital expenditures are expected to be in the range of $340-$360 million, up from $283 million last year.
January 23, 2020, 7:41 AM MST
Calgary-based Cold Bore Technology Inc. says that one of the largest oil producers in North Dakota’s Bakken formation has integrated the company’s proprietary SmartPAD technology.
January 22, 2020, 8:20 AM MST
Pipestone Energy Corp.’s 2020 budget has been set at $145-$155 million and the company says it aims to deliver significant year-over-year production growth while maintaining a strong balance sheet.
January 16, 2020, 9:16 AM MST
With the start of Pipestone South, NuVista Energy Ltd. has reported record production in the fourth quarter of 2019, up 16 per cent from the fourth quarter of 2018.
January 15, 2020, 8:37 AM MST
STEP Energy Services reports that earlier this quarter it performed its first STEP-IQ e-coil job in the U.S., for a Delaware Basin operator, reaching a depth of 19,030 feet (5,800 metres).
December 9, 2019, 9:03 AM MST
Halliburton Company will suspend its Cementing Product Service Line (PSL) in Western Canada at the end of this year, says a company spokesperson.
December 4, 2019, 11:24 AM MST
Precision Drilling Corporation has commercialized its automation services, rolling out its ‘Alpha’ technology brand, which includes the AlphaAutomation (previously referred to as Process Automation Control), AlphaApps and AlphaAnalytics core services.
November 19, 2019, 8:49 AM MST
Pipestone Energy Corp. is forecast to complete the previously disclosed scope of its 2019 capital program well under its capital guidance range of $145 to $155 million.
November 14, 2019, 9:08 AM MST
In the third quarter of 2019, Seven Generations Energy Ltd. brought its first Nest 3 development pad of the year onstream and condensate production was above expectations, its chief development officer said.
November 11, 2019, 7:44 AM MST
Cathedral Energy Services Ltd. commercialized technologies such as its FUSION dual-telemetry, measurement-while-drilling tool in the third quarter, while at the same time experiencing activity level declines in the U.S. market.
November 11, 2019, 9:46 AM MST
Pason Systems Inc. is continuing to scan the drilling, completions and power markets for attractive long-term growth opportunities on the heels of two recent acquisitions.
November 7, 2019, 11:11 AM MST
Encana Corporation continues to deliver strong results across all its operations with increased efficiencies driving down operating costs, company executives said Thursday.
November 1, 2019, 7:49 AM MDT
Cold Bore Technology Inc. reported results from a year-long partnership with a global energy producer in the Montney.
October 29, 2019, 8:58 AM MDT
Downhole technology used to stabilize the ubiquitous slugging conditions created when fluids turn the corner in horizontal wells is being deployed in every major basin in North America.
October 22, 2019, 8:33 AM MDT
Granite Oil Corp. is evaluating the potential of a recompletion program to add production and increase the overall oil recovery of legacy producing wells originally completed with longer frack interval spacing.
October 17, 2019, 9:37 AM MDT
Avoiding inter-well interference between parent wells and newly-drilled and fractured child wells is a vital issue for companies operating in contemporary unconventional resource plays such as the Duvernay, Montney and Permian.
October 15, 2019, 6 AM MDT
With a 25 million horsepower supply and a 15 million horsepower demand, the U.S. is “vastly oversupplied” in terms of the fracking equipment needed to complete work, says Ryan Carbrey. Fortunately, one factor that may bring some reprieve to beleaguered service and supply firms reeling from poor pricing is the limited lifespan of their equipment.
October 10, 2019, 9:19 AM MDT
Pason Systems Inc. is investing C$25 million to acquire a minority interest in Intelligent Wellhead Systems Inc. (IWS).
October 2, 2019, 6:52 PM MDT
Ensign Energy Services Inc.’s Edge AutoPilot could save thousands of dollars per day on a rig, says top brass, and it is something the company is field-testing and intends to deploy within mere months.
September 11, 2019, 10:04 AM MDT
STEP Energy Services Ltd. will continue “exploring alternatives” as industry consolidates and as the company strives to create more scale for its business in the United States.
September 10, 2019, 2:05 PM MDT
A research team led by University of Calgary seismologists has uncovered a novel way to predict earthquakes caused by hydraulic fracturing, possibly facilitating preventative measures or at least providing more time to prepare.
August 30, 2019, 6 AM MDT