The B.C. government is introducing a new oil and gas royalty system.
May 19, 2022, 2:39 PM MDT
High Arctic Energy Services Inc. is seeing customer completion methodologies include more snubbing, which is something the industry had moved away from over the last few years, says chief executive officer Mike Maguire.
May 19, 2022, 12 AM MDT
Kiwetinohk Energy Corp. this morning outlined an acceleration and expansion of its 2022 upstream operational program, resulting in increased 2022 guidance.
May 18, 2022, 12 AM MDT
High Arctic Energy Services Inc. cannot keep up with Canadian service demand that exceeds the current crewing capacity, says management, and the company is taking measures in response, although sustained utilization and better compensation will be necessary to attract personnel into the industry.
May 17, 2022, 12 AM MDT
Kiwetinohk Energy Corp., which saw year-over-year production growth last quarter, is boosting its production guidance for the year.
May 17, 2022, 6:16 AM MDT
As a result of the strong economics of the recent drilling programs, Saturn Oil & Gas Inc. has increased its 2022 capital expenditures budget by $6 million with three additional wells to be drilled at the Oxbow asset and the drilling of three additional wells in the Viking asset.
May 16, 2022, 7:30 AM MDT
Cathedral Energy Services Ltd. saw increased demand for its services in Q1 2022 as higher commodity prices and improved cash-flow projections for oil and gas producers led to expanded drilling programs.
May 16, 2022, 9:40 AM MDT
Like virtually all of its western Canadian E&P brethren, Peyto Exploration & Development Corp. is increasingly feeling the pinch of inflationary pressures in most aspects of its operations.
May 13, 2022, 12 AM MDT
Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.
May 13, 2022, 10:02 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of May 13, 2022 as reported this morning by Rig Locator.
May 13, 2022, 11:34 AM MDT
The U.S. rig count is up nine from last week to 714 with oil rigs up six to 563, gas rigs up three to 149 and miscellaneous rigs unchanged at two.
May 13, 2022, 11:07 AM MDT
Essential Energy Services Ltd.’s Q1 revenue climbed to $37.7 million, 25 per cent higher than the same prior year quarter as a result of increased activity due to improved industry conditions.
May 13, 2022, 12 AM MDT
Stampede Drilling Inc.’s strong 2021 results continued into 2022, with all 10 of its marketable rigs being fully crewed and operational during the first quarter.
May 13, 2022, 12 AM MDT
An active capital program and robust liquids and natural gas prices backstopped Peyto Exploration & Development Corp.’s strong Q1 results as the company boosted output and financial metrics in the period.
May 12, 2022, 11:19 AM MDT
Crescent Point Energy Corp. has achieved better-than-expected production from its first fully operated pad in the Kaybob Duvernay, while also reducing drilling days and overall well costs compared to initial expectations.
May 12, 2022, 11:24 AM MDT
Vermilion Energy Inc. is seeing promising developments in Europe that could support its role in the region.
May 12, 2022, 1:23 PM MDT
Pieridae Energy Limited saw its net operating income (NOI) and adjusted funds flow from operations both rally over the first three months of 2022 compared to the same period a year earlier.
May 12, 2022, 3:56 PM MDT
Total Energy Services Inc. still has work to do across all its divisions to return the business to more sustainable margins, says executive management, especially given the current state of commodity prices.
May 12, 2022, 1:14 PM MDT
Funds flow from operations at Vermilion Energy Inc. in the first quarter of 2022 more than doubled from the same three-month stretch of 2021.
May 12, 2022, 4:55 AM MDT
Subsequent to the end of the first quarter, Rubellite Energy Inc. executed a definitive agreement for the previously announced Peavine transaction located in the vicinity of recent industry Clearwater drilling activity and southwest of Rubellite's existing option acreage at West Dawson in northern Alberta.
May 12, 2022, 5:25 AM MDT
Rubellite Energy Inc. has steadily executed its business plan, running a two-rig drilling program since late November.
May 12, 2022, 5:33 AM MDT
During the first quarter of 2022, Prairie Provident Resources Inc. spent $9.7 million of the previously announced full year $22 million capital program, including asset retirement obligation spending.
May 12, 2022, 6:20 AM MDT
Total Energy Services Inc. experienced strongly improved industry conditions in North America and Australia for Q1 2022 when compared to the same period last year, which is reflected in the company’s financial results.
May 12, 2022, 5:11 AM MDT
Headwater Exploration Inc.'s board of directors has approved an increase in the 2022 capital budget to $230 million from $145 million.
May 12, 2022, 3:11 PM MDT
Headwater Exploration Inc. has continued to be active with its land expansion strategy.
May 12, 2022, 3:25 PM MDT