Ovintiv Inc. president and chief executive officer Brendan McCracken said the company continues to evaluate and is “engaged in” all West Coast LNG projects that are under construction or pre-final investment decision.
August 1, 2023, 7:32 AM MDT
Canadian Natural Resources Limited was the top operator across the basin over the first half of 2023 based on metres rig released, including experimental/test wells.
July 31, 2023, 8:22 AM MDT
Precision Drilling Corporation’s CEO Kevin Neveu said Canada’s oil and gas drilling sector has been transformed in recent years, with the company’s second quarter results reflecting this.
July 31, 2023, 10:27 AM MDT
With its new Ranger Oil Corporation acquisition in the Eagle Ford Basin scaling up its operating capacity since June, Baytex Energy Corp. announced production during the second quarter of 2023 of 89,800 boe/d — 86 per cent oil and NGLs.
July 31, 2023, 12 AM MDT
Freehold Royalties Ltd. continues to see strong third-party development on the company’s lands, with the quality of its North American royalty portfolio driving this performance, said the company.
July 31, 2023, 5:49 AM MDT
Demand for Precision Drilling Corporation’s rigs in Canada was higher than expected in the second quarter, and margin increases in the U.S. and Canada followed.
July 28, 2023, 1:17 PM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of July 28, 2023 as reported this morning by Rig Locator.
July 28, 2023, 11:18 AM MDT
The U.S. rig count is down five from last week to 664, with oil rigs down one to 529, gas rigs down three to 128 and miscellaneous rigs down one to seven.
July 28, 2023, 11:09 AM MDT
Stampede Drilling Inc. revenue was $13.24 million, up 59 per cent compared to the corresponding 2022 period.
July 28, 2023, 12 AM MDT
CWC Energy Services Corp. reported quarterly revenue of $34.5 million, a decrease of $8.2 million compared to a record $42.7 million in Q2 2022.
July 28, 2023, 12 AM MDT
Cardinal Energy Ltd.’s average production volumes of 21,047 boe/d were negatively impacted by approximately 700 boe/d due to short-term shut-in production associated with forest fires in northern Alberta in the second quarter.
July 28, 2023, 12 AM MDT
Precision Drilling Corporation’s Canadian fleet is in high demand with 58 rigs running, including all of its Super Triples and pad capable Super Singles.
July 27, 2023, 4:56 AM MDT
Gear Energy Ltd. lowered its planned 2023 capital expenditures by an additional $8 million to $50 million.
July 27, 2023, 12 AM MDT
Gear Energy Ltd.’s production for the second quarter of 2023 was 5,742 boe/d, a one per cent decrease over the 5,777 boe reported in the second quarter of 2022.
July 27, 2023, 12 AM MDT
Yangarra Resources Ltd. drilled six wells and completed five wells during the quarter.
July 27, 2023, 5:07 AM MDT
Whitecap Resources Inc. benefitted from strong realized crude oil prices and higher production in the second quarter, generating $415 million of funds flow and $197 million of free funds flow after $218 million of capital expenditures.
July 27, 2023, 7:29 AM MDT
Whitecap Resources Inc. expects to ramp up activity in its Montney and Duvernay resource play assets over the next five years as it raises overall production to 200,000 boe/d, company president and chief executive officer Grant Fagerheim told analysts at its 2023 second quarter conference call.
July 27, 2023, 10:41 AM MDT
Tamarack Valley Energy Ltd. significantly expanded its Clearwater and Charlie Lake infrastructure footprint in the first half of the year, which will help the company reduce its cost structure and enhance free funds flow generation going forward.
July 27, 2023, 11:05 AM MDT
Ovintiv Inc. has lowered the high end of its capital guidance range.
July 27, 2023, 3:24 PM MDT
Crescent Point Energy Corp. has turned its technical team loose on the Gold Creek Montney assets acquired from Spartan Delta Corp. earlier this year and is already seeing positive trends in well costs and incremental productivity increases, chief operating officer Ryan Gritzfeldt told analysts at the company’s second quarter 2023 conference call Wednesday morning.
July 26, 2023, 1:34 PM MDT
Western Energy Services Corp.’s second quarter revenue increased by $12.4 million or 40 per cent, to $43.0 million in 2023, as compared to $30.6 million in the second quarter of 2022.
July 26, 2023, 6:27 AM MDT
Frack sand prices have risen steadily in recent quarters and are likely to remain strong for proppant-intensive plays such as the Montney, Duvernay and even the Deep Basin, says Rystad Energy AS senior analyst Mark Quesada.
July 25, 2023, 6:56 AM MDT
Producers rig released 2,540 wells across Canada in the first half of 2023, excluding experimental holes, a six per cent increase from 2,387 wells drilled in January-June 2022.
July 25, 2023, 12 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of July 21, 2023 as reported this morning by Rig Locator.
July 21, 2023, 11:21 AM MDT
The U.S. rig count is down six from last week to 669 with oil rigs down seven to 530, gas rigs down two to 131 and miscellaneous rigs up three to eight.
July 21, 2023, 11:03 AM MDT
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