Producers drilled 538 wells in August, including experimental holes, down 11 per cent from 607 wells rig released a year ago.
September 25, 2023, 6:32 AM MDT
Resolute Resources Ltd. says that the rig, Stampede #14, was rig released from the 5-25-83-24W5 drill pad upon completion of the drilling of the RESOLUTERESLTD HZ ANTHONY 7-24-83-24 well.
September 25, 2023, 12 AM MDT
September 25, 2023, 10:39 AM MDT
Obsidian Energy Ltd.’s Peace River assets are front-and-centre in the company’s new three-year plan and will provide the lion’s share of production growth during the period, president and CEO Stephen Loukas says.
September 22, 2023, 12 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of Sept. 22, 2023 as reported this morning by Rig Locator.
September 22, 2023, 11:38 AM MDT
The U.S. rig count is down 11 from last week to 630 with oil rigs down eight to 507, gas rigs down 3 to 118 and miscellaneous rigs unchanged at five.
September 22, 2023, 11:08 AM MDT
ROK Resources Inc. completed phase one of its Southeast Saskatchewan drilling program, consisting of five gross (4.9 net) operated wells.
September 20, 2023, 12 AM MDT
September 20, 2023, 9:13 AM MDT
In light of WTI oil price volatility that has prevailed through 2023, along with Saturn Oil & Gas Inc. commitment to optimize returns on invested capital, the company has elected to reduce capital expenditures for 2023 and will also be commencing the winter drilling program later in the year than originally anticipated.
September 20, 2023, 9:49 AM MDT
Murphy Oil Corporation and Chevron Canada were early entrants into the Kaybob Duvernay, with both companies far up the learning curve in the play.
September 18, 2023, 12 AM MDT
Both Baytex Energy Corp. and Whitecap Resources Inc. are early in Duvernay development but are seeing promising results with appraisal wells drilled on their acreage.
September 15, 2023, 12 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of Sept. 15, 2023 as reported this morning by Rig Locator.
September 15, 2023, 11:47 AM MDT
The U.S. rig count is up nine from last week to 641 with oil rigs up two to 515, gas rigs up eight to 121 and miscellaneous rigs down one to five.
September 15, 2023, 11:10 AM MDT
September 15, 2023, 11:16 AM MDT
Paramount Resources Ltd. has a long history in the Kaybob area.
September 14, 2023, 6 AM MDT
A flurry of M&A activity the last three years has shifted the landscape in the Duvernay shale play in west-central Alberta, with new technical teams re-evaluating the resource and building on past efforts to create updated development schemes to economically recover the massive resource in place.
September 13, 2023, 9:26 AM MDT
In 2022, there were a total of 6,926 wells that were spudded across British Columbia, Alberta and Saskatchewan with the Licensed Substance as gas or oil. Of these wells, 3,037 were put on production by year-end.
September 13, 2023, 9:30 AM MDT
Digital innovation in oil and gas has experienced a remarkable surge in well construction advancements, demanding new techniques and competencies for field crews working on land rigs.
September 13, 2023, 6 AM MDT
When Leucrotta Exploration Inc.’s 300 Montney sections were essentially split in half when it was purchased by Vermilion Energy Inc. for $477 million in May 2022, 81,000 acres went to Vermilion, and the rest was used to create Coelacanth Energy Inc.
September 12, 2023, 6:53 AM MDT
Digital innovation in oil and gas has experienced a remarkable surge in well construction advancements, demanding new techniques and competencies for field crews working on land rigs.
September 12, 2023, 6 AM MDT
Prospera Energy Inc. has completed the drilling of four horizontal wells of the 10 well multi-pad infill drill program.
September 12, 2023, 6:36 AM MDT
Crescent Point Energy Corp. is forecasting annual production of 145,000 to 151,000 boe/d in 2024 based on development capital expenditures of $1.05 to $1.15 billion.
September 11, 2023, 5:15 AM MDT
Digital innovation in oil and gas has experienced a remarkable surge in well construction advancements, demanding new techniques and competencies for field crews working on land rigs.
September 11, 2023, 7:31 AM MDT
Rubellite Energy Inc. has rig released total of five (5.0 net) multilateral horizontal wells at Figure Lake during the third quarter to date on the new pad located at 15-24-63-18W4 with a total of eight (8.0 net) wells planned.
September 11, 2023, 6:24 AM MDT
Operators across the country licensed 531 wells last month compared to 629 wells authorized in August 2022 — the third straight month of year-over-year declines in permitting.
September 8, 2023, 10:52 AM MDT
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