Drilling & Completions Tech

  • Whitecap’s Recent Pad Designs At Kakwa May Be Transferable To Future Montney, Duvernay Developments

    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’s Rokk Energy, Import Tool Corp. In ‘Collaboration Agreement’

    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

  • World’s ‘Most Advanced Land Rig’ Unveiled At Precision Drilling’s Q4 Call-In

    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

  • Creation Of Duvernay Energy A ‘Tremendous Opportunity,’ Says Athabasca CEO

    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 Lays Out Development Plans

    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

  • Multilateral Well Development Spreading Across WCSB

    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

  • Waterfloods Next Step In Clearwater Evolution

    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

  • Multilateral Well Designs Evolving In Clearwater

    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

  • New Discoveries Adding To Clearwater Oil Footprint

    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 In 2024 ‘Two Phase’ Capital Spending

    Tamarack Valley Energy Ltd.’s 2024 budget includes a “two phase” approach.

    December 6, 2023, 5:39 AM MST

  • Logan Energy Expansion: Company Has Added Acreage Since Operations Start-Up

    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 Brings On ‘Fishbone,’ Wells, Drills ‘Wine Rack’ Well

    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

  • CEO Interview: Surge Staying Loyal To Its Sparky Oil Play

    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 Lowers Drilling Costs; Evaluating Completions Techniques

    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

  • ExxonMobil Sees Potential One Billion Boe Resource Upside In Pioneer Deal

    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 Focused On Productivity Improvements In Saskatchewan And Central Alberta Core Areas

    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

  • Peace River Assets Will Drive Obsidian’s Production Growth To 2026

    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

  • Kaybob Duvernay Oil Operators In Full Field Development, While Exploration Expands To The North

    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

  • Baytex, Whitecap Moving Up Duvernay Learning Curve

    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, Kiwetinohk Building Long Term Development In Duvernay

    Paramount Resources Ltd. has a long history in the Kaybob area.

    September 14, 2023, 6 AM MDT

  • New Asset Owners And Technological Advances Driving Duvernay Economics

    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

  • Devon Finding Growth Opportunities In Maturing U.S. Unconventional Oil Basins

    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

  • U.S. Rockies Region Seeing Renewed Investment

    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 Pushing Out Lateral Lengths Chasing Capital Efficiencies

    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

  • Subsurface Work To Understand Shale Reservoirs Pays Off In Better Performance For Oxy

    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

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