Trican Well Service Ltd. has enjoyed a “really good start” to the second quarter, says Bradley Fedora, president and chief executive officer, as customers take advantage of good commodity prices and stable weather.
May 14, 2021, 9:03 AM MDT
Digitization is important for CES Energy Solutions Corp., says top brass, but such technological advancements cannot replace all the workers in the field.
May 14, 2021, 12 AM MDT
Peyto Exploration & Development Corp.’s technical team has recently conducted an internal evaluation of the company’s successful 2020 drilling program which yielded above average returns and record capital efficiency and a portion of that success was the result of longer horizontal laterals and improved stimulation intensity.
May 13, 2021, 11:14 AM MDT
Crew Energy Inc. continues to reduce its surface footprint by developing its resource through the drilling of longer extended reach horizontal (ERH) wells, the company noted in its Q1 report.
May 7, 2021, 6:10 AM MDT
Following the acquisition of Anegada Oil Corp., Tamarack Valley Energy Ltd. expects to spend $165 – $175 million for 2021, up from the previous estimate of $125 – $130 million.
May 5, 2021, 12 AM MDT
Ovintiv Inc.’s Montney production averaged 230,500 boe/d (24 per cent liquids) in the first quarter of 2021, up from 204,700 boe/d in Q1 2020.
April 29, 2021, 11:05 AM MDT
A technology that had its origins nearly a decade ago with a physics principle in the mind of its inventor could provide a more energy efficient and lower cost artificial lift pump for the oil and gas industry.
April 19, 2021, 7:07 AM MDT
Crescent Point Energy Corp. plans to drill its first Duvernay wells this summer, as the company starts the process of applying its operational execution and continuous improvement practices to the play.
April 7, 2021, 10:40 AM MDT
CES Energy Solutions Corp. is taking advantage of a current “perfect storm” as it tries to find young, technical petroleum engineers to help build out its Stimwrx Energy Services business line in the United States.
March 17, 2021, 8:48 AM MDT
Ensign Energy Services Inc. is seeing its customers focus predominantly on alternative fuel technologies as they strive for environmental, social and governance (ESG) improvements, says Nicole Romanow, head of investor relations.
March 5, 2021, 2:37 PM MST
The U.S. rig count is up one from last week to 403 with oil rigs up one to 310, gas rigs unchanged at 92, and miscellaneous rigs unchanged at one rig, according to Baker Hughes.
March 5, 2021, 11:07 AM MST
Precision Drilling Corporation completed four rig upgrades in the fourth quarter, including two for the Canadian market and two in the U.S., with the latter enabling a DJ Basin operator to reduce its environmental footprint and time on location, minimizing community impacts.
February 11, 2021, 7:06 AM MST
Despite the economic uncertainty due to COVID-19, Birchcliff Energy Ltd. says it was able to efficiently execute its capital program and achieve record low operating costs in 2020.
February 11, 2021, 12 AM MST
Precision Drilling Corporation intends to prioritize further market penetration of its Alpha digital technologies in 2021.
February 10, 2021, 9:39 AM MST
Crew Energy Inc.’s 1P and 2P reserves in 2020 remained stable year-over-year, as reserve additions in both categories offset the negative impact of weaker pricing following the onset of the COVID-19 pandemic.
February 8, 2021, 2:55 PM MST
STEP Energy Services Ltd. and Universal Chemical Solutions, Inc. (UCS) have entered into an agreement that will facilitate the delivery of post-production stimulation services to energy producers working in the Eagle Ford, Permian Basin, Niobrara-DJ Basin and Bakken formation.
February 5, 2021, 12 AM MST
The tiny northeastern Alberta town of Elk Point, with a population of 1,452, isn’t usually thought of as a technology development hub, but Colton Hoffman is hoping to make it the centre of technology that mitigates methane emissions from thousands of oil and gas wells — and potentially hundreds of thousands of wells worldwide.
January 22, 2021, 12 AM MST
The COVID-19 pandemic has reluctantly forced us to cancel the 2021 Daily Oil Bulletin Energy Excellence Awards, but that doesn’t mean we don’t want to learn about your successes in project execution, innovation and technology, as well as environmental excellence (click here for all of the 2020 winners).
December 9, 2020, 4:24 AM MST
One of the main horizontal directional drilling (HDD) challenges is underground uncertainty; a common solution is to drill technical boreholes to get a better understanding of the soil. However, according to one Avatar Program team’s presentation, such a method inevitably requires some assumptions and misses the “full picture” in the earth.
October 28, 2020, 8:24 AM MDT
Peyto Exploration & Development Corp. currently has four drilling rigs doing the job of three — operating intermittently in the Greater Sundance and Brazeau core areas. Those rigs could drill 40-per-cent more wells than is planned for 2020, and the company expects them to be at full utilization in 2021 with an expanded capital program.
August 13, 2020, 11:05 AM MDT
Paramount Resources Ltd. has realized significant cost savings in its capital program through its continuing focus on well design, increased efficiencies and lower vendor rates, while not compromising on completion effectiveness.
August 6, 2020, 8:33 AM MDT
Hexion Inc. and Wayfinder Corp. announced a “strategic partnership” that joins Hexion’s leading resin and chemical expertise with Wayfinder’s new state-of-the-art manufacturing facility and logistics network.
August 4, 2020, 9:30 AM MDT
Seven Generations Energy Ltd. is forecasting lower sustaining capital requirements going forward, predominately driven by enduring cost savings that are now part of its business model.
July 29, 2020, 11:10 AM MDT
Ovintiv Inc. recorded a second quarter net loss of $4.4 billion versus a profit of $336 million a year earlier as non-cash charges resulting from dramatically weak prices hammered the company’s bottom line.
July 29, 2020, 10:44 AM MDT
Calfrac Well Services Ltd. recently completed its first coiled tubing annular zipper fracturing operation.
July 29, 2020, 10:17 AM MDT