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
The three-dimensional, multi-layer ‘cube’ approach to increasing the number of horizontal wells from single pads is a form of development garnering increasing interest and investment in the Montney, several producers told the recent TD Energy Inc. virtual energy conference.
July 22, 2020, 6 AM MDT
Just imagine: There is a metal alloy consisting of magnesium and aluminium, combined and compressed with some other chemicals to form a solid substance, which conveniently dissolves once its downhole completions work is done.
July 22, 2020, 8:55 AM MDT
You’d think Source Energy Services Ltd., Canada’s largest frac sand provider, would have enough of a logistics challenge transporting its northern white sand about 2,100 kilometres by rail from the three mines it owns in Wisconsin.
July 22, 2020, 9:39 AM MDT
Canada’s oil and gas industry has been on a relentless pursuit of operational excellence for the last five years in response to lower oil and gas prices.
July 21, 2020, 6 AM MDT
Spacing wells vertically and horizontally in multi-well cubes certainly has benefits in terms of maximizing access to resources.
July 14, 2020, 12 AM MDT
Cold Bore Technology Inc. today outlined results from a partnership with Permian-based oil and gas producer, Hibernia Resources.
June 23, 2020, 9:35 AM MDT
Parsley Energy Inc. has digitized its entire completion operations with Cold Bore Technology Inc.’s SmartPAD operating system after recording an efficiency increase of 22 per cent through optimized operations in the first quarter.
June 16, 2020, 11:37 AM MDT
Today, we feature Steelhaus Technologies Inc., the champion in Exporting Excellence in the subcategory of Oilfield and Professional Services.
June 5, 2020, 6:26 AM MDT
Today, the Energy Excellence Awards features the Champion in Innovation & Technology Excellence in the subcategory of Drilling through Completions: Tourmaline Oil Corp.
May 21, 2020, 6 AM MDT
Today, the Energy Excellence Awards features the Champion in Innovation & Technology Excellence in the subcategory of Digitial Oilfield: Precision Drilling Corporation.
May 20, 2020, 6 AM MDT
Today, we feature the Energy Excellence Awards champion for Project Execution Excellence in the subcategory of Oil & Gas: Velvet Energy.
May 14, 2020, 6 AM MDT
Paramount Resources Ltd. has lowered its capital spending plan for 2020 to $165 million from the previous range of $185 million to $250 million.
May 13, 2020, 10:38 AM MDT
Ensign Energy Services Inc. anticipates 10 of its Canadian well-servicing rigs and their crews will work this summer and into the fall thanks to the federal government’s orphan well abandonment program.
May 12, 2020, 6 AM MDT
Ensign Energy Services Inc. has further reduced its 2020 capital budget to $50 million, which is down 50 per cent from the original $100 million budget. Management had initially reduced the budget for this year to $60 million in March due to the current oilfield services industry outlook.
May 11, 2020, 7:06 AM MDT
The second annual Energy Excellence Awards (EEAs) program, presented by the Daily Oil Bulletin, uniquely recognizes energy excellence and focuses on the advancement of collaboration within Canada’s energy industry. Today, we feature the best in Exporting Excellence in the subcategory of Oilfield and Professional Services.
May 6, 2020, 6 AM MDT
The second annual Energy Excellence Awards (EEAs) program, presented by the Daily Oil Bulletin, uniquely recognizes energy excellence and focuses on the advancement of collaboration within Canada’s energy industry. Today, we feature the best in Innovation and Technology Excellence in the subcategory of Digital Oilfield.
April 30, 2020, 6 AM MDT
The second annual Energy Excellence Awards (EEAs) program, presented by the Daily Oil Bulletin, uniquely recognizes energy excellence and focuses on the advancement of collaboration within Canada’s energy industry. Today, we feature the best in Innovation and Technology Excellence in the subcategory of Drilling through Completions.
April 29, 2020, 6 AM MDT
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