The U.S. rig count is up four from last week to 623 with oil rigs unchanged at 499, gas rigs up four to 121 and miscellaneous rigs unchanged at three.
February 9, 2024, 11:15 AM MST
Precision Drilling Corporation announced strong financial and operations results, with expectations of continued growth for 2024.
February 9, 2024, 12 AM MST
ARC Resources Ltd. generated record annual production in 2023 averaging 351,954 boe/d in 2023, up from 345,613 boe/d in 2022.
February 9, 2024, 7:45 AM MST
Crew Energy Inc.’s approved 2024 budget includes net capital expenditures of $165 to $185 million and incorporates a conservative drilling and completions program as well as $60 to $70 million in strategic electrification and infrastructure expansion projects.
February 9, 2024, 6 AM MST
Precision Drilling Corporation’s president and CEO Kevin Neveu said during its fourth quarter 2023 investor’s phone-in on Tuesday that the company had commissioned its 30th Super Triple rig upgrade in Canada earlier this quarter.
February 7, 2024, 6:51 AM MST
During Precision Drilling Corporation’s Q4 2023 results call-in, president and CEO Kevin Neveu gave an overview of how he saw Canadian drilling and well services responding to developing Canadian oil and gas market needs, with a strong operational and financial performance throughout 2023 continuing momentum into 2024.
February 7, 2024, 1:56 PM MST
With commodities prices currently testing bottom-decile levels due to North American supply growth and an exceptionally warm winter, Advantage Energy Ltd. is pursuing meaningful reductions to its capital program.
February 7, 2024, 12 AM MST
Athabasca Oil Corporation has closed its agreements with Cenovus Energy Inc. to create Duvernay Energy Corporation.
February 7, 2024, 7:27 AM MST
Precision Drilling Corporation has set 2024 capital spending at $195 million.
February 6, 2024, 12 AM MST
Saturn Oil & Gas Inc. outlined a fully funded development capital budget of approximately $146 million, representing 47 per cent of midpoint expected 2024 adjusted funds flow, which will be directed towards the company's deep portfolio of light oil weighted development opportunities in Saskatchewan and Alberta.
February 6, 2024, 8:04 AM MST
Highwood Asset Management Ltd. provided an operational update, including a 1,000 bbl/d light oil well with its inaugural stage frack wells at Wilson Creek, and to reiterate its 2024 guidance.
February 6, 2024, 6 AM MST
Canadian operators drilled 3,724 oil and bitumen wells in 2023, down 10 per cent from 4,152 wells in 2022 as activity declined as prices retreated from 2022 highs driven by the conflict in Ukraine.
February 5, 2024, 6 AM MST
Precision Drilling Corporation was the top drilling contractor during 2023, based on wells rig released and meterage, followed by Ensign Drilling Inc.
February 2, 2024, 12 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 2, 2024 as reported this morning by Rig Locator.
February 2, 2024, 11:35 AM MST
The U.S. rig count is down two from last week to 619 with oil rigs unchanged at 499, gas rigs down two to 117 and miscellaneous rigs unchanged at three.
February 2, 2024, 11:04 AM MST
Lycos Energy Inc. plans capital expenditures of $61.0 million for 2024, which includes the drilling of approximately 28 (27.2 net).
February 2, 2024, 12 AM MST
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued Significant Discovery Licence 1060 to Equinor Canada Ltd. and is announcing the related volume estimate for the Cambriol G-92 discovery.
February 2, 2024, 10:06 AM MST
The active rate in Western Canada was steady in the 60 per cent range during January, above last year’s rate, although there were a number of deleted rigs at the end of 2023.
February 1, 2024, 7:45 AM MST
Tourmaline Oil Corp. was the top operator in 2023, excluding experimental/test wells, based on metres drilled.
January 30, 2024, 6 AM MST
A new well completion design and real-time frack optimization resulted in improved Montney well productivity for Murphy Oil Corporation in 2023, Eric Hambly, executive vice-president of operations, told analysts at the company’s third quarter conference call.
January 29, 2024, 9:17 AM MST
InPlay Oil Corp. has set a 2024 capital program of $64–$67 million.
January 29, 2024, 8:58 AM MST
InPlay Oil Corp.’s fourth quarter 2023 capital program consisted of drilling two (1.6 net) ERH wells in Willesden Green that were brought on production in November.
January 29, 2024, 9:07 AM MST
Obsidian Energy Ltd.’s $345-$355 million capital plan for 2024 is focused on the continued development and exploration/appraisal of its Bluesky and Clearwater heavy oil assets in Peace River, as well as light oil development in Willesden Green/Pembina in central Alberta.
January 26, 2024, 12 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Jan. 26, 2024 as reported this morning by Rig Locator.
January 26, 2024, 11:29 AM MST
The U.S. rig count is up one from last week to 621 with oil rigs up two to 499, gas rigs down one to 119 and miscellaneous rigs unchanged at three.
January 26, 2024, 11:06 AM MST
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