Drilling

  • Licence Counts: July Marks Twelfth Month In A Row Without New Well Approvals In B.C.

    Operators across Canada licensed 539 new wells last month, up from 450 a year ago, although July marked the twelfth month in a row without any news wells approved in British Columbia.

    August 12, 2022, 12 AM MDT

  • Peyto ‘Trying To Keep Inflation Costs At Bay’

    Peyto Exploration & Development Corp.’s chief executive says the company continues to take steps to mitigate the impact of inflationary pressures that are being felt industry wide.

    August 12, 2022, 12 AM MDT

  • Kiwetinohk Sets Record For Quarterly Production In Q2, Adjusts Guidance

    Total production for Kiwetinohk Energy Corp. in the second quarter of 2022 exceeded what the company saw from the same time a year earlier by 56 per cent.

    August 12, 2022, 12 AM MDT

  • Vermilion Lifts Capital Spending Plan For 2022

    As a result of forest fire related downtime in France, offshore drilling delays in Australia, combined with inflationary pressure, Vermilion Energy Inc. is increasing its 2022 capital budget by $50 million to $550 million.

    August 12, 2022, 12 AM MDT

  • Vermilion ‘Integrates’ Leucrotta Assets

    Vermilion Energy Inc. has successfully integrated the Leucrotta assets and assembled a Mica asset team which is now focused on completing the six-well Montney pad that was drilled in Q2 2022.

    August 12, 2022, 4:17 AM MDT

  • Weekly Rig Locator: 45% Of Drilling Rig Fleet At Work

    Drilling rig activity in Western Canada and the Top 10 active operators as of Aug. 12, 2022 as reported this morning by Rig Locator.

    August 12, 2022, 11:26 AM MDT

  • Baker Hughes Rig Count: U.S. Down 1

    The U.S. rig count is down one from last week to 763 with oil rigs up three to 601, gas rigs down one to 160 and miscellaneous rigs down three to two.

    August 12, 2022, 11:06 AM MDT

  • InPlay Output Surges In Q2

    InPlay Oil Corp.’s production averaged 9,063 boe/d (57 per cent light crude oil and NGLs) in the second quarter of 2022, not including over 5,000 bbls of light crude oil inventory build (equal to over 55 bbls/d during the quarter) that was not sold due to difficulty trucking oil as a result of wet weather at the end of June.

    August 12, 2022, 12 AM MDT

  • Peyto Overcomes Wet Weather Challenges To Boost Q2 Output; Earnings Increase 641%

    Despite an extremely wet June that hampered operations, Peyto Exploration & Development Corp.’s Q2 output increased 17 per cent year-over-year as an increased capital expenditure program over the past year helped pad volumes.

    August 11, 2022, 11:19 AM MDT

  • Pieridae Lowers Production Outlook

    Reinjecting ethane into the gas stream limited reportable sales volumes for Pieridae Energy Limited last quarter and is a factor in the company revising its production guidance for the year.

    August 11, 2022, 7:16 AM MDT

  • Petrus Returned To The Field In Q2

    Petrus Resources Ltd.’s 2022 capital program resumed in the second quarter with two (1.6 net) operated wells spud and an additional three (0.15 net) non-operated wells spud in late June.

    August 11, 2022, 12 AM MDT

  • Bonterra Boosts Capital Spending Range

    Bonterra Energy Corp. increased its capital expenditure budget range to $70 million to $75 million, due to additional infrastructure costs and inflationary pressures.

    August 10, 2022, 3:14 PM MDT

  • Birchcliff Drilled 12 Wells In Q2, Completes Turnarounds

    Birchcliff Energy Ltd.’s F&D capital expenditures were $84.2 million in Q2 2022.

    August 10, 2022, 2:57 PM MDT

  • Rubellite Plans $24-$26 Million Second-Half Program

    During the second half of 2022, Rubellite Energy Inc. plans to spend approximately $24 to $26 million to continue its two-rig drilling program into the fourth quarter of 2022 to drill, complete, equip and tie-in 20 (17.2 net) multi-lateral horizontal wells planned in its three core operating areas at Ukalta, Figure Lake and Marten Hills.

    August 10, 2022, 3:26 PM MDT

  • Rubellite ‘Accelerated’ Q3 Capital Into Q2

    Rubellite Energy Inc.’s capital expenditures totaled $12.7 million in the second quarter of 2022 (Q1 2022 – $35.5 million).

    August 10, 2022, 3:34 PM MDT

  • Spartan Delta Boosts Capital Plan

    Spartan Delta Corp.'s board of directors has approved a $90 million increase to its 2022 capital program.

    August 10, 2022, 12 AM MDT

  • Spartan Delta Activity Focused On Montney For Q2

    Spartan Delta Corp.’s capital expenditures before A&D were $91 million for the three months ended June 30, 2022, of which approximately 90 per cent was spent in the Montney as activity slowed in the Deep Basin through spring breakup.

    August 10, 2022, 12 AM MDT

  • Freehold Reports Increased Drilling For Q2

    In total, 224 gross wells were drilled on Freehold Royalties Ltd. royalty lands in Q2-2022, a 146 per cent increase versus the same period in 2021.

    August 10, 2022, 12 AM MDT

  • Pipestone Energy Drills 6 Wells, Completes Step-Out

    During the second quarter, Pipestone Energy Corp. rig released six wells on the 2-32 pad, and four of a total six planned wells on the 14-19 pad.

    August 10, 2022, 8:05 AM MDT

  • TransGlobe Boosting Capital Spending

    In Canada, during the second quarter TransGlobe Energy Corporation successfully drilled three, 100 per cent working interest horizontal Cardium reservoir development wells (two, two-mile, and one, one-mile) in the South Harmattan area.

    August 10, 2022, 6:42 AM MDT

  • Ensign Sees Bump Up In Operating Days For Q2

    Ensign Energy Services Inc. recorded gains in both operating days and marketed rigs through its Canadian operations in the second quarter of 2022.

    August 9, 2022, 7:26 AM MDT

  • Crew Boosts Capital Spending Forecast

    Crew Energy Inc. now plans to invest between $130 and $140 million of net capital expenditures for 2022, resulting in average annual production guidance of 32,000 to 33,000 boe/d.

    August 9, 2022, 12 AM MDT

  • Crew’s Greater Septimus Activity Focused On 4-14 Pad; Expansion Of Infrastructure

    Second quarter capital expenditures for Crew Energy Inc. Greater Septimus focused on the equip and tie-in of the 4-14 pad during Q2/22, along with expansion of the infrastructure interconnectivity between Crew’s Septimus and West Septimus gas plants.

    August 9, 2022, 12 AM MDT

  • Oilsands CEOs Say Inflationary Impact ‘An Issue’ But Yet To Be Materially Felt

    The chief executives of Canada’s oilsands juggernauts say inflationary pressures are being felt but are limited in impact so far because their respective long-lead-time projects have required them to procure supplies and services prior to any major price spikes.

    August 8, 2022, 8:29 AM MDT

  • ARC: Kakwa Results Impress, Prepared To Move ‘Quickly’ On Attachie

    ARC Resources Ltd. has taken a world class asset with Kakwa and implemented its “operational excellence” to make it even more profitable, said president and chief executive officer Terry Anderson.

    August 8, 2022, 8:43 AM MDT

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