Drilling rig activity in Western Canada and the Top 10 active operators as of March 31, 2023 as reported this morning by Rig Locator.
March 31, 2023, 11:39 AM MDT
The U.S. rig count is down three from last week to 755 with oil rigs down one to 592, gas rigs down two to 160 and miscellaneous rigs unchanged at three.
March 31, 2023, 11:11 AM MDT
The idea behind Precision Drilling Corporation’s EverGreen emissions-lowering products was allowed to grow organically for several years before the brand was created, as ideas developed around the question of how best to cut carbon emissions on rigs.
March 30, 2023, 12 AM MDT
Saturn Oil & Gas Inc. reported record production and matched corporate guidance with a fourth quarter 2022 average of 12,514 boe/d (96 per cent oil and NGL), compared to 7,279 boe/d (95 per cent oil and NGL) in the fourth quarter of 2021, an increase of 72 per cent.
March 30, 2023, 10:05 AM MDT
As the well count rises in the Clearwater heavy oil play in northern Alberta the long-term potential to increase and then maintain production for decades is becoming more apparent.
March 29, 2023, 6 AM MDT
Crescent Point Energy Corp. will use the knowledge gained developing its adjacent Kaybob Duvernay condensate play to improve operational performance and potentially grow its new Montney assets acquired from Spartan Delta Corp., company president and chief executive officer Craig Bryksa told analysts at a conference call this morning discussing the deal.
March 28, 2023, 9:45 AM MDT
While the current and persistent weakness in North American natural gas prices continues, top executives in both the western Canadian exploration and production (E&P) and service sector spaces remain confident on the outlook for the commodity.
March 27, 2023, 6 AM MDT
Operators drilled more wells in Alberta and Saskatchewan over the first two months of 2023, compared to the prior-year period, while rig release counts declined in British Columbia and Manitoba.
March 24, 2023, 9:55 AM MDT
There were 31 fewer rigs at work this morning in Western Canada compared to last Friday, as spring breakup takes hold across the basin.
March 24, 2023, 11:40 AM MDT
March 24, 2023, 11:24 AM MDT
High Arctic Energy Services Inc. announced the re-commencement of in-wellbore operations with Rig 103 in Papua New Guinea (PNG) as previously forecast.
March 24, 2023, 10:16 AM MDT
Last year saw “transformational” financial results for Pieridae Energy Limited, driven by strong gas and liquids pricing, the company's ability to control costs in an inflationary year, and a revitalized hedging program.
March 23, 2023, 6 AM MDT
Tenaz Energy Corp. continues to enhance its Leduc-Woodbend project returns by improving knowledge of the Rex reservoir and depositional environment, extending horizontal well lengths, and continuously improving the frack stimulation design and execution.
March 22, 2023, 6:17 AM MDT
As of March 7, 2023, 2,512 wells in the Western Canadian Sedimentary Basin are on confidential status. Within this category, the largest group of wells is located in the Clearwater formation with 461 wells. (The Montney follows in a close second with 392 wells.)
March 21, 2023, 9:30 AM MDT
A lack of investment in increasing oil and gas supply, combined with delays in building out renewable energy supply chains, are putting the world at risk of an energy crisis in the next decade, a panel of financial experts and oil and gas leaders said at the Society of Petroleum Engineers (SPE) Canadian Energy Technology Conference and Exhibition.
March 21, 2023, 12 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of March 17, 2023 as reported this morning by Rig Locator.
March 17, 2023, 11:33 AM MDT
The U.S. rig count is up eight from last week to 754 with oil rigs down one to 589, gas rigs up nine to 162 and miscellaneous rigs unchanged at three.
March 17, 2023, 11:03 AM MDT
Stampede Drilling Inc. is on pace with another strong start to the year with 17 out of its 19-rig fleet operational and fully crewed in the first quarter of 2023.
March 17, 2023, 12 AM MDT
Saskatchewan’s heavy oilfields surrounding Lloydminster and Kindersley continue seeing incremental production growth as operators bring on new thermal wells, drill multilateral development wells, and expand into new areas.
March 16, 2023, 12 AM MDT
As a result of the recent weakness and volatility in natural gas prices and the potential for weakness in summer natural gas prices, Birchcliff Energy Ltd. has decided to slow the rate of its 2023 capital program by moving the drilling of nine (9.0 net) wells to Q3 2023 that were originally scheduled to be drilled in Q2 2023.
March 16, 2023, 2:36 PM MDT
In early January, Petrus Resources Ltd. returned to drilling in Ferrier to kick off the 2023 capital program.
March 16, 2023, 5:41 AM MDT
Production in the Viking and Shaunavon tight oil plays in western Saskatchewan is down 29 per cent and 27.5 per cent, respectively, from 2018 highs. Neither area has recovered from the pandemic of 2020, but the rate of decline is leveling off.
March 15, 2023, 12 AM MDT
InPlay Oil Corp. reported record average annual production of 9,105 boe/d, up from 5,768 boe/d the previous year.
March 15, 2023, 6:39 AM MDT
Southeast Saskatchewan operators have shifted activity from unconventional targets in the Bakken/Torquay to the conventional Frobisher Beds as the use of extended reach horizontal drilling and multilateral well design increased well productivity.
March 14, 2023, 12 AM MDT
Producers across Canada licensed 542 wells in February — up from 341 in the year-prior period — with the rebound in new well permitting in British Columbia continuing last month.
March 14, 2023, 12 AM MDT