Paramount Resources Ltd. has expanded its core Montney land position in the Grande Prairie Region through the addition of 10 net sections of new land at Karr and Wapiti.
November 2, 2023, 6:49 AM MDT
Members of the Canadian Association of Energy Contractors (CAOEC) booked 46,178 operating days in the first nine months of 2023, up two per cent from 45,214 operating days in the comparable period last year, Rig Locator records show.
November 2, 2023, 12 AM MDT
STEP Energy Services Ltd.’s Canadian fracturing service line generated $127.4 million in revenue on 308,000 tonnes of proppant pumped, the best third quarter in the company’s history.
November 2, 2023, 12 AM MDT
AKITA Drilling Ltd.’s net income increased to $3.88 million in the third quarter of 2023, up from $2.66 million during the same period of 2022.
November 2, 2023, 12 AM MDT
Timing for the first two wells on Onion Lake Thermal’s Pad L is exceeding expectations, said International Petroleum Corporation’s (IPC) top executive.
November 1, 2023, 12 AM MDT
Tourmaline Oil Corp.'s board of directors has approved a full year 2024 EP capital budget of $2.15 billion, reflecting a 14-15 rig program and including $225 million associated with the Bonavista Energy Corporation assets.
November 1, 2023, 3:30 PM MDT
Topaz Energy Corp. posted strong Q3 results and has announced a small Clearwater royalty and infrastructure acquisition, further building on its exposure to the growing heavy oil play.
October 31, 2023, 9:05 AM MDT
The Canadian oil and gas market remains uniquely strong, said Kevin Neveu, president and CEO of Precision Drilling Corporation.
October 31, 2023, 12 AM MDT
In September, Obsidian Energy Ltd. unveiled an ambitious three-year growth plan under the leadership of its president and CEO, Stephen Loukas — a seasoned executive with a unique background as a partner and portfolio manager with FrontFour Capital Group.
October 30, 2023, 12 AM MDT
Tourmaline Oil Corp. was the top operator across the basin during the first nine months of 2023 based on metres drilled, including experimental/test wells.
October 30, 2023, 12 AM MDT
Precision Drilling Corporation’s president and CEO Kevin Neveu went into detail about the company’s capital spending budget and how it related to increased customer-funded rig upgrades and moves at its third quarter results call-in.
October 30, 2023, 12 AM MDT
Across Canada, excluding experimental wells, a total of 4,028 wells were drilled in the first nine months of 2023, down two per cent from 4,115 wells rig released in January-September 2022, despite a year-over-year boost in drilling activity in British Columbia.
October 27, 2023, 12 AM MDT
Whitecap Resources Inc. expects to spend over $100 million annually the next three years building infrastructure as it grows Montney and Duvernay production from 70,000 to 110,000 boe/d by the end of 2027, president and chief executive officer Grant Fagerheim said at the company’s third quarter 2023 conference call.
October 27, 2023, 12 AM MDT
Whitecap Resources Inc. is using a variety of techniques including extended reach horizontal wells, multilateral wells, and open hole completions to improve productivity at its light oil assets stretching from southeast Saskatchewan to central Alberta, its East Division vice-president Chris Bullin said at the company’s third quarter 2023 conference call and 2024 budget forecast.
October 27, 2023, 7:48 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of Oct. 27, 2023 as reported this morning by Rig Locator.
October 27, 2023, 11:32 AM MDT
The U.S. rig count is up one from last week to 625 with oil rigs up two to 504, gas rigs down one to 117 and miscellaneous rigs unchanged at four.
October 27, 2023, 11:08 AM MDT
Clearview Resources Ltd.’s first drill in five years at 15-25-43-05W5 in the Wilson Creek area was successfully completed in September, placing 1,587 tonnes of sand in 106 discrete intervals distributed throughout the nearly 3,000 meter horizontal section in the Cardium formation.
October 27, 2023, 12 AM MDT
Precision Drilling Corporation has boosted its capital spending budget in response to increased customer-funded rig upgrades and to facilitate the strategic purchase of certain long-lead items.
October 26, 2023, 12 AM MDT
Increased output from its Clearwater and Charlie Lake assets helped Tamarack Valley Energy Ltd. deliver Q3 production of 68,597 boe/d, the highest quarterly production in company's history and a 58 per cent year-over-year increase.
October 26, 2023, 10:33 AM MDT
PrairieSky Royalty Ltd. reported 246 wells spud on its royalty properties in Q3, including 238 oil wells with activity focused in the Clearwater, Mannville Stack and Viking plays.
October 26, 2023, 12 AM MDT
As a result of the reduced industry activity in the third quarter of 2023 caused by lower commodity prices in the first eight months of the year, Western Energy Services Corp. has reduced its capital budget for 2023 to $25 million, which represents a decrease of $5 million from Western's previous capital budget of $30 million.
October 24, 2023, 3:27 PM MDT
Coelacanth Energy Inc. has completed two wells at Two Rivers West and has finished the drilling of a five-well pad at Two Rivers East.
October 23, 2023, 6 AM MDT
Rubellite Energy Inc. has entered into a definitive purchase and sale agreement to acquire additional Clearwater assets within the Figure Lake and Edwand areas as well as undeveloped land in the Nixon area of northeast Alberta.
October 20, 2023, 12 AM MDT
The potential to grow production and generate short-cycle opportunities to take advantage of commodity price fluctuations has attracted several new operators to the Montney.
October 18, 2023, 6 AM MDT
Mid-sized Montney operators continue finding opportunities to cut costs and improve well productivity, while building Tier 1 drilling inventory to fill processing capacity for the long-term.
October 17, 2023, 6 AM MDT
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