Drilling

  • Crescent Point Advancing Understanding Of Duvernay And Montney Acreage Potential

    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

  • Baytex Q4: Clearwater Production Outperforms Estimates

    Baytex Energy Corp.’s Clearwater assets were hitting the high end of its production range, the company announced during its fourth quarter 2023 call-in to investors.

    March 1, 2024, 10 AM MST

  • PHX Energy Lifts Capital Spending

    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

  • Weekly Western Canada Rig Activity Review

    Drilling rig activity in Western Canada and the Top 10 active operators as of March 1, 2024 as reported this morning by Rig Locator.

    March 1, 2024, 11:37 AM MST

  • Baker Hughes Rig Count: U.S. Up 3

    The U.S. rig count is up three from last week to 629 with oil rigs up three to 506, gas rigs down one to 119 and miscellaneous rigs up one to four.

    March 1, 2024, 11:06 AM MST

  • NuVista Updates Gold Creek Drilling Results, Announces Q4 Results

    NuVista Energy Ltd. says a six-well pad at Gold Creek that was brought onstream in the fourth quarter of 2023 continues to be a significant performance highlight.

    February 29, 2024, 10:04 AM MST

  • Crescent Point Builds Drilling Inventory, Adds Production In 2023

    Crescent Point Energy Corp. saw its production jump 20 per cent to average about 159,400 boe/d in 2023 with the addition of Spartan Delta Energy’s Montney assets in 2023.

    February 29, 2024, 7:56 AM MST

  • Western Energy’s Revenue Climbs

    Western Energy Services Corp.’s 2023 revenue increased by $33.2 million or 17 per cent, to $233.5 million.

    February 29, 2024, 12 AM MST

  • Whitecap Achieves ‘Exceptional’ Production Response For Pilot CO2 Flood Targeting Frobisher

    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

  • Obsidian Output At 36,500 Boe/d

    Development activity has increased Obsidian Energy Ltd.’s current production to over 36,500 boe/d, based on field estimates.

    February 28, 2024, 12 AM MST

  • Spartan Delta Continued Active Deep Basin Program For 2023

    In 2023, Spartan Delta Corp. successfully executed a $295.0 million capital program focusing on continued development across multiple horizons in the Deep Basin and completed a pre-disposition development program of its Gold Creek and Karr assets located in the Montney.

    February 27, 2024, 12 AM MST

  • New Alberta NGL Data Generates A More Complete Understanding Of Kaybob/Simonette Duvernay

    The just released Petrinex Alberta NGL production data has been integrated into geoLOGIC systems ltd.’s gDC and geoSCOUT, enabling users to define more accurately the fluid maturity windows, individual well performance, and individual operator performance in liquids-rich plays like the Kaybob/Simonette Duvernay.

    February 23, 2024, 8:16 AM MST

  • Weekly Western Canada Rig Activity Review

    Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 23, 2024 as reported this morning by Rig Locator.

    February 23, 2024, 11:36 AM MST

  • Baker Hughes Rig Count: U.S. Up 5

    The U.S. rig count is up five from last week to 626 with oil rigs up six to 503, gas rigs down one to 120 and miscellaneous rigs unchanged at three.

    February 23, 2024, 11:02 AM MST

  • Journey Reports Busy Winter Drilling Activity

    During the fourth quarter of 2023 and to date in 2024, Journey Energy Inc. has drilled 16.0 wells (13.1 net) in four of its core areas.

    February 23, 2024, 5:58 AM MST

  • Chesapeake To Cut Spending, Output As Natgas Prices Languish

    Given the persistent and increasing weakness in U.S. natural gas prices, Chesapeake Energy Corporation is pulling in the reins on 2024 capital spending and drilling and completion activity, says the company’s top executive.

    February 22, 2024, 12 AM MST

  • Kelt Lowers Capital Spending Outlook

    In response to lower forecasted natural gas prices, Kelt Exploration Ltd. has reduced its 2024 capital expenditure program to $325.0 million, down seven per cent from its previous budget of $350.0 million.

    February 22, 2024, 5:56 AM MST

  • Gear Maintains 2024 Spending Plan At $57-Million

    Gear Energy Ltd. maintained its 2024 capital and abandonment expenditures at $57 million

    February 22, 2024, 6 AM MST

  • Petrus Resources Maps Out 2024 Budget Plan

    Petrus Resources Ltd. plans 2024 capital spending of $40 million to $50 million, of which approximately 90 per cent will be allocated toward drilling new wells in its Ferrier and North Ferrier areas.

    February 22, 2024, 12 AM MST

  • Whitecap Lowers Capital Spending Outlook After Viking Acquisition

    Whitecap Resources Inc.’s 2024 capital budget is now expected to be $900 million to $1.1 billion, which is about $100 million lower than originally budgeted, to partially offset the cost of a Viking acquisition the company closed in the fourth quarter.

    February 21, 2024, 3:33 PM MST

  • Drilling Activity Rises In B.C. And Saskatchewan, But Slides In Alberta

    Drilling activity was busier this January in British Columbia and Saskatchewan, compared to a year ago, but there was a double-digit percentage decrease in Alberta’s well count and meterage tally.

    February 16, 2024, 12 AM MST

  • Weekly Western Canada Rig Activity Review

    Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 16, 2024, as reported this morning by Rig Locator.

    February 16, 2024, 11:42 AM MST

  • Baker Hughes Rig Count: U.S. Down 2

    The U.S. rig count is down two from last week to 621 with oil rigs down two to 497, gas rigs unchanged at 121 and miscellaneous rigs unchanged at three.

    February 16, 2024, 11:12 AM MST

  • Peyto’s Reserves Climb On Drilling Program, Repsol Acqusition

    Peyto Exploration & Development Corp. delivered strong reserves growth across all categories in 2023 from its successful drilling program and the strategic acquisition of Repsol Canada Energy Partnership.

    February 16, 2024, 6:28 AM MST

  • Birchcliff Delaying Drilling Some Wells Until Later Half Of Year

    Birchcliff Energy Ltd.’s F&D capital expenditures were $304.6 million in 2023, including $58.2 million in the fourth quarter.

    February 15, 2024, 6:40 AM MST

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