Whitecap Resources Inc. says it is very encouraged by the initial response of its pilot CO2 flood targeting the Frobisher formation in Saskatchewan, which lies beneath the existing Weyburn CO2 project directed at the Midale unit.
February 28, 2024, 4:56 AM MST
Development activity has increased Obsidian Energy Ltd.’s current production to over 36,500 boe/d, based on field estimates.
February 28, 2024, 12 AM MST
In 2023, Spartan Delta Corp. successfully executed a $295.0 million capital program focusing on continued development across multiple horizons in the Deep Basin and completed a pre-disposition development program of its Gold Creek and Karr assets located in the Montney.
February 27, 2024, 12 AM MST
The just released Petrinex Alberta NGL production data has been integrated into geoLOGIC systems ltd.’s gDC and geoSCOUT, enabling users to define more accurately the fluid maturity windows, individual well performance, and individual operator performance in liquids-rich plays like the Kaybob/Simonette Duvernay.
February 23, 2024, 8:16 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 23, 2024 as reported this morning by Rig Locator.
February 23, 2024, 11:36 AM MST
The U.S. rig count is up five from last week to 626 with oil rigs up six to 503, gas rigs down one to 120 and miscellaneous rigs unchanged at three.
February 23, 2024, 11:02 AM MST
During the fourth quarter of 2023 and to date in 2024, Journey Energy Inc. has drilled 16.0 wells (13.1 net) in four of its core areas.
February 23, 2024, 5:58 AM MST
Given the persistent and increasing weakness in U.S. natural gas prices, Chesapeake Energy Corporation is pulling in the reins on 2024 capital spending and drilling and completion activity, says the company’s top executive.
February 22, 2024, 12 AM MST
In response to lower forecasted natural gas prices, Kelt Exploration Ltd. has reduced its 2024 capital expenditure program to $325.0 million, down seven per cent from its previous budget of $350.0 million.
February 22, 2024, 5:56 AM MST
Gear Energy Ltd. maintained its 2024 capital and abandonment expenditures at $57 million
February 22, 2024, 6 AM MST
Petrus Resources Ltd. plans 2024 capital spending of $40 million to $50 million, of which approximately 90 per cent will be allocated toward drilling new wells in its Ferrier and North Ferrier areas.
February 22, 2024, 12 AM MST
Whitecap Resources Inc.’s 2024 capital budget is now expected to be $900 million to $1.1 billion, which is about $100 million lower than originally budgeted, to partially offset the cost of a Viking acquisition the company closed in the fourth quarter.
February 21, 2024, 3:33 PM MST
Drilling activity was busier this January in British Columbia and Saskatchewan, compared to a year ago, but there was a double-digit percentage decrease in Alberta’s well count and meterage tally.
February 16, 2024, 12 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 16, 2024, as reported this morning by Rig Locator.
February 16, 2024, 11:42 AM MST
The U.S. rig count is down two from last week to 621 with oil rigs down two to 497, gas rigs unchanged at 121 and miscellaneous rigs unchanged at three.
February 16, 2024, 11:12 AM MST
Peyto Exploration & Development Corp. delivered strong reserves growth across all categories in 2023 from its successful drilling program and the strategic acquisition of Repsol Canada Energy Partnership.
February 16, 2024, 6:28 AM MST
Birchcliff Energy Ltd.’s F&D capital expenditures were $304.6 million in 2023, including $58.2 million in the fourth quarter.
February 15, 2024, 6:40 AM MST
Birchcliff Energy Ltd. reported flat production in 2023, but low natural gas prices negatively impacted financial performance.
February 15, 2024, 6:44 AM MST
ConocoPhillips’s top management justified various 2024 strategies during its Q4 conference call by stating the condition for modest growth will be met through staying “steady, stable, and focused on efficiency.”
February 14, 2024, 12 AM MST
Bonterra Energy Corp. has continued to advance development of its significant Montney discovery at Valhalla following the drilling of first test well in Q3 2023 at 04-03-074-6W6, located on a block of 100 per cent owned lands covering 45 sections.
February 14, 2024, 5:39 AM MST
PrairieSky Royalty Ltd. expects that with incremental Duvernay leasing it will see long-term light oil royalty production growth to “complement the increase” in heavy oil from the company’s Clearwater and Mannville Stack oil plays, says Andrew Phillips, president and CEO.
February 13, 2024, 8:24 AM MST
Cardinal Energy Ltd. has entered into an agreement for the engineering, fabrication and field construction of the central processing facility at its Reford thermal project in Saskatchewan, including the first SAGD well pad.
February 13, 2024, 12 AM MST
February 13, 2024, 12 AM MST
Operators across Canada licensed 721 wells in January, down from 833 a year ago, as a decline in permitting in Alberta offset slight increases in Saskatchewan and Manitoba counts.
February 9, 2024, 12 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 9, 2024 as reported this morning by Rig Locator.
February 9, 2024, 11:37 AM MST
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