Drilling

  • Rig Activity Continues On Steady State

    The active rate in Western Canada continued along a steady path in November, according to Rig Locator.

    December 1, 2022, 12 AM MST

  • Suncor’s 2023 Budget ‘Reflects A Thorough Review’ Of Assets, Performance Targets

    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 Launches ‘Strategic Repositioning Alternatives’ Process

    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

  • Western Canada’s Rig Release Count Improves Despite Declines In B.C.

    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

  • Weekly Rig Locator: 46% Of Drilling Rig Fleet At Work

    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

  • Good Times Back For Energy Industry, But Path Ahead Uncertain: CAOEC Panel

    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

  • Coelacanth Energy Continues Planning For Major Projects At Two Rivers

    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

  • Baker Hughes Rig Count: U.S. Up 2

    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 Completes Disposal Well Conversion

    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 Forecasts Boost In 2023 Drilling

    CAOEC expects drilling activity to climb for 2023. 

    November 23, 2022, 9:03 AM MST

  • WesCan Energy Announces Production Of New Well At Provost

    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

  • Well Licensing: For Third Month In A Row, More Than 600 New Wells Are Permitted

    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 In Harvest Mode

    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 Lowers Upstream Capex

    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 Output, Funds Flow Climb

    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

  • ‘Constructive’ Outlook For 2023, Says Cathedral, In Setting Capital Budget

    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

  • Q3 OFS Roundup: High Arctic, Stampede Drilling, Vertex

    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 Announces Results Of 2 Stratigraphic Exploration Test Wells

    Headwater Exploration Inc. announced the results of its two stratigraphic exploration test wells.

    November 15, 2022, 7:17 AM MST

  • Vermilion Says Performance Of First Mica Pad To Assist In Planning Future Development

    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 Reports Record Quarterly Results As Earnings And Cash Flow Spike

    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

  • Total Energy CEO ‘Bullish’ As Momentum Gained In Record-Setting Q3 Expected To Continue

    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 Outlines Spending Plan To Continue Two-Rig Program

    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

  • Baker Hughes Rig Count: U.S. Up 9

    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 Capital For 2023 Focusing On Leduc-Woodbend

    Tenaz Energy Corp. announced a capital budget of $16 - $18 million for 2023.

    November 14, 2022, 9:04 AM MST

  • Q3 Roundup: Questerre, Prairie Provident

    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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