Ovintiv Inc. continues finding ways to get more for less out of its Permian assets, reporting an 18 per cent improvement in capital efficiency over its original 2023 guidance, chief operating officer Greg Givens told analysts at the company’s year-end conference call.
March 7, 2024, 12 AM MST
Increased well productivity, combined with gas market diversification, helped Tourmaline Oil Corp. deliver net earnings of slightly under $1.74 billion in 2023, despite low gas prices throughout the year.
March 7, 2024, 7:34 AM MST
In the first half of 2024, Surge Energy Inc. continues to execute an active drilling program in both the Sparky and SE Saskatchewan core areas, with 29.7 net wells budgeted to be drilled.
March 7, 2024, 5:23 AM MST
Yangarra Resources Ltd. continues to refine its drilling approach resulting in a dramatic reduction in drilling times and drilling costs.
March 7, 2024, 5:12 AM MST
Just over eight months since Baytex Energy Corp. completed its acquisition of Ranger Oil Corporation, the company reported in its Q4 2023 results call-in that the asset has added quality scale in the Eagle Ford, and made Baytex a more resilient and sustainable business, said president and CEO Eric Greager.
March 4, 2024, 6:32 AM MST
Crescent Point Energy Corp. continues delineating its recently acquired Duvernay and Montney land base while fine-tuning its drilling and completions strategies to deliver long-term sustainable production and free cash flow.
March 1, 2024, 9:24 AM MST
PHX Energy Services Corp. approved a preliminary 2024 capital expenditure program of $70 million. Of the 2023 capital expenditure budget, $5 million was not spent in 2023 and will be carried forward into 2024.
March 1, 2024, 5:45 AM MST
Whitecap Resources Inc. says it is very encouraged by the initial response of its pilot CO2 flood targeting the Frobisher formation in Saskatchewan, which lies beneath the existing Weyburn CO2 project directed at the Midale unit.
February 28, 2024, 4:56 AM MST
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
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