Stampede Drilling Inc. is on pace for another strong start to the year, as it has consistently run 16 out of its 19 rig fleet throughout the first few months of 2024.
March 18, 2024, 12 AM MDT
Rubellite Energy Inc. expects exploration and development capital spending to be approximately $12 - $13 million in the first quarter of 2024.
March 15, 2024, 12 AM MDT
Rubellite Energy Inc. rig released a total of 11 (11.0 net) wells in its two-rig, fourth quarter development drilling program at Figure Lake.
March 15, 2024, 9:08 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of March 15, 2024 as reported this morning by Rig Locator.
March 15, 2024, 11:36 AM MDT
The U.S. rig count is up seven from last week to 629 with oil rigs up six to 510, gas rigs up one to 116 and miscellaneous rigs unchanged at three.
March 15, 2024, 11:17 AM MDT
STEP Energy Services Ltd. says Canadian activity levels have been strong in Q1, particularly for the fracturing service line which is seeing high utilization across the six active crews.
March 13, 2024, 12 AM MDT
Despite continued weakness in North American natural gas prices, STEP Energy Services Ltd. has yet to see a material pull-back in E&P customers’ activity.
March 13, 2024, 6 AM MDT
Construction of Vermilion Energy Inc.’s 16,000 boe/d Mica Montney battery is progressing as planned and remains on schedule for a mid-year start-up, the company noted in Q4 and year-end results.
March 13, 2024, 6 AM MDT
With approximately 70 per cent of its production hedged at almost $4/mcf and some of the lowest costs in the industry, Peyto Exploration & Development Corp. has no current plans to cut its 2024 capital spending like other gas focused operators.
March 12, 2024, 12 AM MDT
Daniel Halyk, president and chief executive officer of Total Energy Services Inc., called 2023 a solid year for the company, with record cash flows.
March 12, 2024, 12 AM MDT
The pace of gas well licensing has declined across Western Canada compared to last year as producers review their capital spending plans along with the timing of drilling gas wells due to low prices.
March 11, 2024, 12 AM MDT
Asked about activity trends in its Canadian operations in 2024 in an atmosphere of increasingly volatile commodity pricing and modest capex cuts from some gas-focused producers, Daniel Halyk, president and chief executive officer of Total Energy Services Inc., said some users of their bigger rigs were shifting from gas to oil.
March 11, 2024, 12 AM MDT
Five months after closing its $699 million acquisition of Repsol Canada’s Deep Basin assets, Peyto Exploration & Development Corp. is busy drilling across the 455,000 net acres acquired in the deal, company president and chief executive officer JP Lachance told analysts at its 2023 fourth quarter and year-end conference call.
March 11, 2024, 9:49 AM MDT
Vermilion Energy Inc. is continuing to advance and expand its deep natural gas exploration plans in Germany and Croatia to add to European plays the company has held in The Netherlands for two decades.
March 8, 2024, 10:03 AM MST
Peyto Exploration & Development Corp. reported funds flow from operations of $670 million in 2023, the third highest in company history.
March 8, 2024, 9:39 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of March 8, 2024, as reported this morning by Rig Locator.
March 8, 2024, 11:40 AM MST
The U.S. rig count is down seven from last week to 622 with oil rigs down two to 504, gas rigs down four to 115 and miscellaneous rigs down one to three.
March 8, 2024, 11:15 AM MST
Crew Energy Inc. reported production of 30,178 boe/d in 2023, down slightly from 33,277 boe/d the previous year.
March 8, 2024, 4:59 AM MST
Headwater Exploration Inc. reported record production of 19,939 boe/d (93 per cent heavy oil), an increase of 28 per cent over 2022 fourth quarter production of 15,546 boe/d (87 per cent heavy oil).
March 8, 2024, 12 AM MST
While Tourmaline Oil Corp. is cutting its capital expenditures in 2024 and expects to keep natural gas production flat in response to low prices, it remains bullish the pull on natural gas from the startup of LNG Canada in 2025 will push prices higher.
March 7, 2024, 12:31 PM 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
Coelacanth Energy Inc. outlined a capital budget of up to $128 million to be invested in 2024 and Q1 2025.
March 7, 2024, 12 AM MST
Tourmaline Oil Corp. is cutting forecast capital spending from $2.35 billion to $2.13 billion in 2024 due to current low natural gas prices, the company said in its year-end 2023 earnings report.
March 6, 2024, 3:31 PM MST
Michael Belenkie, president and CEO of Advantage Energy Ltd., called the company’s 2023 results “exceptional” citing record production, record well results, and continued significant share buybacks, with the year ending well below the company’s net debt target.
March 6, 2024, 6 AM MST
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