Modern drilling and completions technologies have lifted the fortunes of Kaybob Duvernay operators, resulting in much higher activity and production.
March 25, 2024, 12 AM MDT
Crescent Point Energy Corp.’s low decline Saskatchewan oil assets are expected to deliver 53 per cent of corporate excess cash flow in 2024, despite representing only 27 per cent of the company’s production mix, chief operating officer Ryan Gritzfeldt said at its recent analyst day.
March 25, 2024, 8:34 AM MDT
Rokk Energy Technologies and Northern Smilodon Energy Inc. have entered into a strategic relationship that is focused on the commercial application of Rokk's Pad-Free advanced drilling and completion system.
March 25, 2024, 10:50 AM MDT
Crescent Point Energy Corp. is seeing productivity improvements using its own well construction designs on new pads drilled across its recently acquired Montney lands, its technical team told analysts at the company’s investor day on Tuesday.
March 22, 2024, 9:02 AM MDT
U.S. well servicing companies are rapidly retiring aging frack spreads and replacing them with state-of-the-art technologies designed to meet customer demand for increased fuel efficiency and lower emissions.
March 22, 2024, 12 AM MDT
A flurry of acquisitions the last three years has repositioned Crescent Point Energy Corp. as a major asset holder in the Duvernay and Montney resources plays.
March 21, 2024, 12 AM MDT
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
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