Murphy Oil Corporation and Chevron Canada were early entrants into the Kaybob Duvernay, with both companies far up the learning curve in the play.
September 18, 2023, 12 AM MDT
Both Baytex Energy Corp. and Whitecap Resources Inc. are early in Duvernay development but are seeing promising results with appraisal wells drilled on their acreage.
September 15, 2023, 12 AM MDT
Paramount Resources Ltd. has a long history in the Kaybob area.
September 14, 2023, 6 AM MDT
A flurry of M&A activity the last three years has shifted the landscape in the Duvernay shale play in west-central Alberta, with new technical teams re-evaluating the resource and building on past efforts to create updated development schemes to economically recover the massive resource in place.
September 13, 2023, 9:26 AM MDT
While some U.S. unconventional oil basins may be in their later innings, with many operators gradually exhausting their existing Tier 1 drilling inventories, that doesn’t mean there aren’t decades of future growth left in these plays, Devon Energy Corporation president and chief executive officer Rick Muncrief told analysts during the company’s second quarter 2023 conference call.
August 24, 2023, 12 AM MDT
Oil and gas operators are putting capital back into the U.S. Rockies region to consolidate assets in existing developments and to expand into new areas.
August 23, 2023, 12 AM MDT
Permian operators are drilling and completing longer laterals than ever before, while reporting continued productivity improvements on a well-by-well and asset wide basis.
August 22, 2023, 12 AM MDT
Almost a decade of work understanding the intricacies of shale reservoirs is paying dividends for Occidental Petroleum Corporation in improved recoveries, higher well productivity, and lower costs, company president and chief executive officer Vicki Hollub told analysts on the company’s second quarter 2023 conference call.
August 21, 2023, 12 AM MDT
Ovintiv Inc. president and chief executive officer Brendan McCracken said the company continues to evaluate and is “engaged in” all West Coast LNG projects that are under construction or pre-final investment decision.
August 1, 2023, 7:32 AM MDT
June 2, 2023, 9:34 AM MDT
The outlook for Lycos Energy Inc. remains unchanged at $37.0 million of exploration and development expenditures to achieve annual average production guidance of 3,000 boe/d with anticipated fourth quarter production rates of 4,000 boe/d.
May 26, 2023, 6 AM MDT
Less than two years since its inception after spinning-out from Perpetual Energy Inc., Clearwater-focused Rubellite Energy Inc. continues to quickly advance its asset base and increase output in the heavy oil play.
May 25, 2023, 6 AM MDT
As a pioneer and continued leader in the hot Clearwater heavy oil play, privately-held Spur Petroleum Ltd. continues to push the boundaries and has ambitious growth plans, says president and CEO Ian Currie.
May 23, 2023, 6:31 AM MDT
The symbiotic Clearwater heavy oil coupling of PrairieSky Royalty Ltd. and privately-held Spur Petroleum Ltd. continues to pay dividends, the top executives of both companies said during PrairieSky’s investor day in Toronto Wednesday.
May 18, 2023, 6 AM MDT
Trican Well Service Ltd. posted significantly improved results in the first quarter 2023 compared to Q1 2022, thanks to strong industry conditions and more moderate inflation rates that improved all major financial categories for the company.
May 16, 2023, 6 AM MDT
Crescent Point Energy Corp. plans to make hay with its acquisition of oil and liquids-rich Montney assets in Alberta from Spartan Delta Corp., which closed on May 10.
May 15, 2023, 8:19 AM MDT
Crescent Point Energy Corp. says its growing utilization of multilateral drilling on some of its Saskatchewan-based assets is paying dividends and extending the life of plays like the Viewfield Bakken, analysts on a Q1 results conference call heard Friday.
May 15, 2023, 6 AM MDT
Murphy Oil Corporation has seen positive results refracturing two older wells in the Karnes area of the Eagle Ford shale play and could launch a standalone refracturing program to extend production and increase ultimate recoveries, said Eric Hambly, executive VP of operations, during the company’s 2023 first quarter conference call.
May 15, 2023, 9:09 AM MDT
Nearly a decade after entering the Permian Basin, Ovintiv Inc. continues to find ways to improve well productivity and oil recovery, executive VP and chief operating officer Greg Givens told analysts at the company’s first quarter conference call.
May 12, 2023, 10:23 AM MDT
Peyto Exploration & Development Corp.’s Q1 production increased slightly to 102,918 boe/d versus 101,549 boe/d a year earlier as new volumes from the development program were partially offset by natural declines, resulting in a one per cent increase year-over-year.
May 11, 2023, 11:07 AM MDT
In the first quarter of 2023, PHX Energy Services Corp. spent $18.6 million in capital expenditures, of which $10 million was spent on growing the company’s fleet of drilling equipment, $4.8 million was spent to replace retired assets, and $3.8 million was spent to replace equipment lost downhole during drilling operations.
May 11, 2023, 9:55 AM MDT
Southeast Alberta, once the natural gas tank of the WCSB, is seeing new life as junior and intermediate operators target bypassed oil pools spread across the vast prairie landscape.
April 13, 2023, 12 AM MDT
ConocoPhillips has successfully completed its appraisal stage in the Montney and is moving to development.
April 12, 2023, 7:32 AM MDT
Kyle Boon, vice-president, operations, for Lycos Energy Inc., has been promoted to the position of chief operating officer, and Barret Henschel, operations manager, has been promoted to the position of vice-president, production.
April 3, 2023, 6:03 AM MDT
Staffing is an ongoing issue in the Canadian pressure pumping segment, where companies need workers with commercial driver’s licences and are therefore competing with other industries where those drivers could find work, says Waqar Syed, managing director, energy technology and services, head of research, ATB Capital Markets.
March 24, 2023, 6 AM MDT
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