“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
Leading Montney operators are using a mix of completion technologies including sliding sleeve, ball & seat and plug & perf systems to maximize production and efficiency.
November 23, 2022, 9:30 AM MST
Pipestone Energy Corp. is increasing its capital expenditure guidance for 2022, from $225 - $235 million to an estimate of $240 million.
November 9, 2022, 7:48 AM MST
Precision Drilling launched the EverGreen™ Suite of Environmental Solutions to aid oil and gas companies in meeting their carbon reduction targets. The company's EverGreen Battery Energy Storage System (BESS) has gained strong customer adoption with six systems currently deployed and a steady growth of deployments planned for 2023.
November 7, 2022, 6 AM MST
Demand for high specification drilling rigs with well-trained crews and additional equipment capable of operating efficiently on multi-well pads is driving up day rates across North America, Precision Drilling Corporation president and CEO Kevin Neveu told analysts during the company’s third quarter conference call Thursday.
October 28, 2022, 10:27 AM MDT
Driving up drilling and completions productivity while ensuring it gets the best price for its almost 200,000 boe/d of production is Ovintiv Inc.’s near term focus in the Montney resource play, executives told analysts at the company’s Montney update this week.
September 22, 2022, 10:42 AM MDT
Alberta’s Duvernay resource play is already taking its place alongside the Montney as a key driver of Alberta’s energy economy — and it continues to attract operators capable of improving drilling and completions strategies while simultaneously strengthening their balance sheets.
September 22, 2022, 6 AM MDT
Getting new crew members ready to fill roles is taking longer than it used to, said the head of Trican Well Service Ltd.
August 10, 2022, 12 AM MDT
Tenaz Energy Corp. has boosted capital spending guidance from $5.8 to $8.0 million following the completion of wells in the Leduc-Woodbend, driven by longer well lengths with more frack stages, higher-than-budgeted inflation in services prices, and costs for open-hole sidetracking in one of the wells due to a stuck drill pipe event.
August 8, 2022, 5:55 AM MDT
Whitecap Resources Inc. posted major gains in funds flow during the second quarter of 2022.
July 29, 2022, 11:09 AM MDT
Operators continue to fine-tune their development strategies to improve productivity and drive efficiencies in all regions of the Duvernay shale play, a Canadian Society for Unconventional Resources (CSUR) workshop in Calgary heard recently.
June 23, 2022, 6 AM MDT
Higher oil and gas prices, coupled with new players with new development ideas, are driving renewed interest in the Duvernay shale.
June 22, 2022, 10:31 AM MDT
This month’s infographic looks at licensing, drilling and production trends in the Cardium to get a sense of operator intentions. It also reviews completions technologies, and future technologies and developments that could play a role in revitalizing the play.
May 24, 2022, 6 AM MDT
The supply of steel casing and tubular products required to drill wells has been a big issue identified by InPlay Oil Corp.
May 11, 2022, 7:38 AM MDT
Paramount Resources Ltd. says it has significant opportunities within its near-term identified development project inventory that could take the company to nearly 150,000 boe/d.
May 9, 2022, 7:54 AM MDT
The approach Kiwetinohk Energy Corp. is taking to its 2022 drilling program will look to cut capital costs per lateral metre.
March 28, 2022, 12 AM MDT
Birchcliff Energy Ltd.’s 2021 capital program was focused on the drilling of high-value, low-cost condensate-rich natural gas and light oil wells in Pouce Coupe and Gordondale.
February 9, 2022, 2:47 PM MST
Questerre Energy Corporation has commissioned a report on a new completion technique to replace conventional fracking with a new well stimulation technique.
February 1, 2022, 12 AM MST
Intelligent Wellhead Systems Inc. (IWS) has released its tenth-generation digital completion technology, inVision X.
December 6, 2021, 9:46 AM MST
Ovintiv Inc. views its 2021 development program as being highly repeatable in 2022 for the same amount of capital investment.
November 3, 2021, 11:24 AM MDT
Trican Well Service Ltd. remains keenly focused on retaining existing staff and attracting new talent as labour availability continues to be a top focus for all oilfield service providers, says management.
October 27, 2021, 8:25 AM MDT
Trican Well Service Ltd. has enjoyed a strong start to the fourth quarter, with a busy October, and the company anticipates steady activity right up to the holidays, says Bradley Fedora, president and chief executive officer.
October 27, 2021, 12:45 PM MDT
In its first comprehensive ESG report, Deep Basin natural gas producer Peyto Exploration & Development Corp. has set new short-term targets for environmental performance in its environment, social and governance reporting.
October 26, 2021, 6 AM MDT
During Q3 2021, third-party operators were active across Western Canada and on PrairieSky Royalty Ltd.’s royalty lands with 193 wells spud (98 per cent oil).
October 25, 2021, 3 PM MDT