Industry drilled 1,936 wells through the first five months of 2019, excluding experimental holes, off 28 per cent from 2,682 wells rig released in January-to-May 2018.
June 24, 2019, 6:41 AM MDT
Several companies announced upcoming drilling projects this week, including Bounty Developments Ltd., Cardinal Energy Ltd., Devon Canada Corporation, Murphy Oil Company Ltd. and West Lake Energy Corp.
June 21, 2019, 11:22 AM MDT
Capital investment markets in Western Canada’s oil and gas space have shifted dramatically over the last five years, with the number of small-cap E&P companies dropping by about half, says Tyler Bradley.
June 20, 2019, 10:35 AM MDT
While Duvernay development has progressed at a slower pace relative to other large North American resource plays, it’s come a long way since the first big land sale rush a decade ago as companies continue to lower costs and perfect drilling and completion techniques.
June 17, 2019, 9:40 AM MDT
Although well results in the emerging East Duvernay “remain highly variable,” top quartile wells drilled in 2018 are “encouraging” with an average initial production (IP30) oil rate of 580 bbls/d, says Peters & Co. Limited in an update on the play released June 13.
June 17, 2019, 9:28 AM MDT
While staying somewhat below the radar screen, junior producer Journey Energy Inc. has secured a land position in the hot East Duvernay shale play that the company’s CEO and president says could hold as much as 150 million (gross) bbls and lead to 20 years or more of ongoing production.
June 17, 2019, 10:32 AM MDT
Operators licensed 743 new wells across the country last month, down 14 per cent from 864 wells granted authorization in May 2018, with permitting down in all four western provinces compared to a year ago.
June 14, 2019, 8:40 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 14, 2019, as reported this morning by Rig Locator.
June 14, 2019, 11:22 AM MDT
Several companies announced upcoming drilling projects this week, including Crew Energy Inc., Desltastream Energy Corporation, Longshore Resources Ltd., Royal Dutch Shell plc and Vesta Energy Ltd.
June 14, 2019, 10:36 AM MDT
The U.S. rig count is down six rigs from last week to 969, with oil rigs down one to 788, gas rigs down five to 181, and miscellaneous rigs unchanged at zero.
June 14, 2019, 11:15 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 13, 2019, as reported this morning by Rig Locator.
June 13, 2019, 11:49 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 12, 2019, as reported this morning by Rig Locator.
June 12, 2019, 11:34 AM MDT
June 12, 2019, 7:42 AM MDT
Pulse Oil Corp. says that an enhanced oil recovery study of the Bigoray Nisku D & E pinnacle reefs has resulted in a significantly higher forecast for potential recoveries.
June 11, 2019, 8:54 AM MDT
Arrow Exploration Corp. says it is pleased with the test results of the Rio Cravo Este-1 (RCE-1) exploration well located on the Tapir Block in the Llanos Basin of Colombia.
June 10, 2019, 10:03 AM MDT
Parex Resources Inc. says it expects to produce the Guadalupe formation in the Andina Norte-1 exploration well, where it recently conducted a test.
June 10, 2019, 10:20 AM MDT
Several companies announced upcoming drilling projects this week, including Chevron Canada Resources Limited, InPlay Oil Corp., Prairie Thunder Resources Ltd., Suncor Energy Inc. and Torxen Resources Ltd.
June 7, 2019, 10:51 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 7, 2019, as reported this morning by Rig Locator.
June 7, 2019, 11:17 AM MDT
The U.S. rig count is down nine rigs from last week to 975, with oil rigs down 11 to 789, gas rigs up two to 186, and miscellaneous rigs unchanged at zero, Baker Hughes said in its weekly report.
June 7, 2019, 11:11 AM MDT
Obsidian Energy Ltd. is continuing to focus on the Cardium with a recent deal to sell its stake in the Peace River Oil Partnership (PROP) while actively marketing its Alberta Viking assets.
June 6, 2019, 8:55 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 6, 2019, as reported this morning by Rig Locator.
June 6, 2019, 11:40 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 4, 2019, as reported this morning by Rig Locator.
June 4, 2019, 11:38 AM MDT
The active rate in Western Canada is still tracking below the last couple of years, although the gulf has narrowed through the spring breakup period — in particular activity has picked up in Alberta and Saskatchewan during the week.
May 31, 2019, 9:57 AM MDT
Several companies announced upcoming drilling projects this week, including Baytex Energy Corp., Fire Sky Energy Inc., Husky Energy Inc., Perpetual Energy Inc. and Spur Petroleum Ltd.
May 31, 2019, 10:01 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of May 31, 2019, as reported this morning by Rig Locator.
May 31, 2019, 11:19 AM MDT