The active rate in Western Canada continued along a steady path in November, according to Rig Locator.
December 1, 2022, 12 AM MST
Suncor Energy Inc.’s 2023 capital guidance of $5.4-5.8 billion was calculated and determined under an expanded lens and by a partly re-tooled management team, the company’s interim president and CEO Kris Smith told an investors day event Tuesday.
November 30, 2022, 12:58 PM MST
Spartan Delta Corp. has started a formal process to evaluate strategic repositioning alternatives in an effort to enhance shareholder value.
November 30, 2022, 6:05 AM MST
Operators across Canada rig released 4,804 wells in the first 10 months of 2022, excluding experimental wells, a 30 per cent increase from 3,695 wells drilled in the comparable period last year.
November 25, 2022, 12 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 25, 2022 as reported this morning by Rig Locator.
November 25, 2022, 11:38 AM MST
Western Canada’s oil and gas sector is back on solid footing as higher prices have allowed operators to repair balance sheets and invest in new production, a panel of industry leaders told the audience at the at the Canadian Association of Energy Contractors (CAOEC) 2023 State of the Industry forecast event in Calgary.
November 24, 2022, 10:18 AM MST
In Q3 2022, Coelacanth Energy Inc. continued to plan for the development of its major projects at Two Rivers East and West, which includes materially expanding the infrastructure and preparing for pad development.
November 24, 2022, 8:04 AM MST
The U.S. rig count is up two from last week to 784 with oil rigs up four to 627, gas rigs down two to 155 and miscellaneous rigs unchanged at two.
November 24, 2022, 12 AM MST
First Helium Inc. reported the conversion of a previously abandoned wellbore to a water disposal well, along with necessary equipment installation and modifications to its Worsley oil battery, has been successfully completed.
November 24, 2022, 12 AM MST
CAOEC expects drilling activity to climb for 2023.
November 23, 2022, 9:03 AM MST
WesCan Energy Corp. has completed the equipping and tie-in of its recently drilled well at Provost, Alberta.
November 22, 2022, 8:37 AM MST
Operators across the country licensed 656 new wells in October, up from 537 a year ago, and the third month in a row in which permitting levels stayed above the 600-mark.
November 18, 2022, 12 AM MST
CES Energy Solutions Corp. has successfully navigated through the wild volatility in oilfield services markets emerging from the pandemic and is now set to reap the rewards, company executives told analysts at its third quarter 2022 conference call.
November 17, 2022, 8:24 AM MST
Kiwetinohk Energy Corp.’s Upstream division capital spending guidance range for the year has been reduced by $10 million, or 3.5 per cent, to a range of $265 - $280 million.
November 17, 2022, 12 AM MST
Hemisphere Energy Corporation’s funds flow from operations of $10.6 million in Q3 2022 was a 162 per cent increase over the comparable period in 2021.
November 17, 2022, 12 AM MST
With what it called a “constructive outlook for 2023,” the Cathedral Energy Services Ltd. board has approved a preliminary net capex budget of $35 million, which will enable advance orders of strategic equipment.
November 16, 2022, 12 AM MST
High Arctic Energy Services Inc. made a strategic shift in Q3 to capitalize on opportunities and focus on developments in its core market of Papua New Guinea while resetting its long-standing energy service presence in Canada.
November 15, 2022, 12 AM MST
Headwater Exploration Inc. announced the results of its two stratigraphic exploration test wells.
November 15, 2022, 7:17 AM MST
Vermilion Energy Inc. says the performance of its first Montney pad at Mica will provide information on the reservoir deliverability and assist in planning for future development as the company awaits resolution of the Blueberry River First Nations permitting for its British Columbia lands.
November 14, 2022, 10:15 AM MST
Total Energy Services Inc. posted strong Q3 results as continued improvement of North American and Australian industry conditions that were underpinned by relatively strong commodity prices backstopped record financial results.
November 14, 2022, 12 AM MST
Fresh off of a quarter that saw it post record quarterly results, Total Energy Services Inc. executives say current indications are that North American industry activity levels will continue to moderately increase as the winter drilling season continues to ramp-up.
November 14, 2022, 12 AM MST
Rubellite Energy Inc. plans to spend approximately $33.0 to $41.0 million to continue its two-rig drilling program through to the end of the first quarter of 2023 to drill, complete, equip and tie-in 17 (14.9 net) multilateral horizontal development/infill wells at Figure Lake and Marten Hills and to execute its four to six (3.0 to 4.0 net) well northern exploration program.
November 14, 2022, 12 AM MST
The U.S. rig count was up nine from the previous week to 779, Baker Hughes reported on Friday, with oil rigs up nine to 622, gas rigs unchanged at 155 and miscellaneous rigs unchanged at two.
November 14, 2022, 12 AM MST
Tenaz Energy Corp. announced a capital budget of $16 - $18 million for 2023.
November 14, 2022, 9:04 AM MST
Consistent with prior periods, Kakwa continued to account for 80 per cent of Questerre Energy Corporation’s corporate production.
November 14, 2022, 8:36 AM MST
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