Drilling

  • NuVista Shifting Capital To Maintain Rig Schedule

    NuVista Energy Ltd.  is shifting a small amount of 2022 capital spending into the fourth quarter of 2021 in order to maintain a smooth, unbroken three-rig drilling schedule and to optimize value.

    November 10, 2021, 6:56 AM MST

  • NuVista ‘Smoothening’ Rig Schedule

    The world is in an inflationary environment right now, noted NuVista Energy Ltd., and the control of costs and assurance of reliable supply of people and equipment is of high importance.

    November 10, 2021, 7:22 AM MST

  • Rubellite Outlines Q4 Spending Plan

    Rubellite Energy Inc.’s board of directors has approved fourth quarter 2021 capital expenditures of $16 to $18 million, an increase of $6 to $8 million from previous guidance released Sept. 7, 2021.

    November 10, 2021, 7:59 AM MST

  • Record Output For InPlay

    InPlay Oil Corp.’s production for the third quarter of 2021 set another quarterly record for the company averaging 6,011 boe/d (64 per cent light oil & NGLs).

    November 10, 2021, 8:14 AM MST

  • Bonterra Output Up For Q3

    Bonterra Energy Corp. averaged 12,542 boe/d of production in Q3 2021, 25 per cent higher than in Q3 2020, and 12,389 boe/d in the first nine months of 2021, a 15 per cent increase over the comparative period the prior year.

    November 10, 2021, 8:49 AM MST

  • Journey Plans On Returning To The Field Early In 2022

    Journey Energy Inc. plans on returning to the field in early 2022 and this should increase both production and the oil weighting to pre-pandemic levels over time.

    November 10, 2021, 9:18 AM MST

  • AKITA Sees Financial Improvement As Demand For OFS Increases

    AKITA Drilling Ltd.’s operating days increased to 1,169 in the third quarter of 2021 compared to 531 in the third quarter of 2020.

    November 10, 2021, 12 AM MST

  • Abu Dhabi's ADNOC Drilling Reports Rise Of Almost 50% In Q3 Profit

    November 10, 2021, 12 AM MST

  • Rig Locator: Active Rate Continues Steady 35% Clip

    Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 9, 2021 as reported this morning by Rig Locator.

    November 9, 2021, 11:36 AM MST

  • Total Energy Services Increases 2021 Capex; Company Reports Improved Q3 Results

    Total Energy Services Inc. has increased its 2021 capital expenditure budget to $33.2 million (up by $6.5 million) in response to increasing demand for drilling rigs and compression rental equipment.

    November 9, 2021, 10:34 AM MST

  • Equipment/Labour Restraints And Inflationary Pressures To Hit Energy Sector; Total Is Ready

    Total Energy Services Inc. is seeing inflationary pressures across all its business segments, says the company’s president and CEO, as he expects Canada’s energy sector will show its “true capacity” in terms of equipment and personnel this winter season.

    November 9, 2021, 3:14 PM MST

  • Deep Basin Delivers Asset Level Free Funds Flow Growth For Spartan Delta

    The Deep Basin assets continue to deliver asset level free funds flow growth for Spartan Delta Corp. due to low capital efficiencies, owned and operated infrastructure yielding low operating costs, and strengthening commodity prices.

    November 9, 2021, 6:11 AM MST

  • Rig Locator: 35% Of Drilling Rig Fleet At Work

    Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 8, 2021 as reported this morning by Rig Locator.

    November 8, 2021, 11:31 AM MST

  • Ensign Expects Busy Winter For Canadian Operations; Sees Strong Q3 Results In Canada

    Ensign Energy Services Inc. is pushing its Canadian clients to keep drilling programs running through Christmas this year, as the company expects to be operating around 50 rigs by year-end 2021, peaking at 60 in the new year, and management wants to hang onto its crews through this period of increasing activity.

    November 8, 2021, 3:51 PM MST

  • Obsidian’s Second Half Program ‘Advanced Substantially’

    Obsidian Energy Ltd.’s second half development program “advanced substantially” with the drilling of 11 wells (10.2 net) and three gross/net wells brought on production in the quarter.

    November 8, 2021, 6:19 AM MST

  • Baker Hughes Rig Count: U.S. Up 6

    The U.S. rig count is up six from last week to 550 with oil rigs up six to 450, gas rigs unchanged at 100, and miscellaneous rigs unchanged at zero.

    November 5, 2021, 11:03 AM MDT

  • ARC Outlines 2022 Capital Budget Of $1.2-1.3B

    ARC Resources Ltd. outlined a preliminary 2022 capital budget of $1.2 to $1.3 billion that is expected to deliver average production in the range of 335,000 to 350,000 boe/d.

    November 5, 2021, 12 AM MDT

  • ARC Drilled 41 Wells, Completed 31, In Q3

    ARC Resources Ltd. invested $268 million during the third quarter of 2021 to drill 41 wells and complete 31 wells.

    November 5, 2021, 12 AM MDT

  • Enerplus Outlines 2022 Spending Plans, Updates 2021 Outlook

    Enerplus Corporation’s expected 2022 capital spending is $500 million, representing a reinvestment rate of 44 per cent based on current forward strip commodity prices.

    November 5, 2021, 12 AM MDT

  • Enerplus Posts Net Income In Q3, Higher Funds Flow

    Enerplus Corporation reported net income of $112 million in the third quarter, reversing from a loss of $112.75 million the previous year.

    November 5, 2021, 12 AM MDT

  • Cardinal Lays Out 2022 Capital Program

    Cardinal Energy Ltd. expects a 2022 $70 to $80 million capital program which includes drilling and completion of 18 wells.

    November 5, 2021, 12 AM MDT

  • Pine Cliff Boosts 2021 Capital Spending Outlook

    Pine Cliff Energy Ltd.’s board of directors has approved a $8.5 million increase in the 2021 capital budget to $21.5 million.

    November 5, 2021, 4:59 AM MDT

  • Crew Output Climbs In Q3

    Crew Energy Inc. reported 23,659 boe/d (142.0 mmcfe) of average production in Q3/21, a 17 per cent increase over Q3/20 and 13 per cent above the midpoint of production guidance range of 20,000 to 22,000 boe/d.

    November 5, 2021, 6:16 AM MDT

  • Activity Focus: Crew Operations & Area Overview In Northeast B.C.

    Here’s an overview of Crew Energy Inc.’s activity in northeast B.C. in the third quarter.

    November 5, 2021, 6:28 AM MDT

  • Pason Expects A Slow, Steady Increase In North America Drilling Over Next Few Years, Says CEO

    Higher oil and gas prices have put drilling crews back to work across North America but don’t expect a rapid increase in activity in the next few years, Pason Systems Inc. president and chief executive officer Jon Faber told analysts at the company’s third quarter conference call Thursday morning.

    November 4, 2021, 1:04 PM MDT

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