Environmental Remediation

  • Bonterra Production Climbed In 2021

    Bonterra Energy Corp.’s output averaged 12,747 boe/d in 2021, a 21 per cent increase over 2020.

    March 10, 2022, 6:03 AM MST

  • Active 2021 For Surge Carries Over Into 2022

    In 2021, Surge Energy Inc. drilled a total of 48.0 net wells with a 100 per cent success rate, spending a total of $103.8 million for expenditures on property, plant, and equipment.

    March 10, 2022, 12:30 PM MST

  • Record Funds Flow For Pine Cliff

    Pine Cliff Energy Ltd.’s adjusted funds flow of $26.3 million generated during the fourth quarter of 2021 and $59.1 million for 2021 were the highest quarterly and annual adjusted funds flow for the company since inception.

    March 9, 2022, 12 AM MST

  • SECURE Energy Sees Growth Potential In Environmental Services Space

    Helping oil and gas producers manage environmental, social and governance (ESG) risks is a growing opportunity for SECURE Energy Services Inc., company president and chief executive officer Rene Amirault said during the company’s 2021 fourth quarter and year-end conference call on Thursday.

    March 4, 2022, 7:49 AM MST

  • Crescent Point Achieves Operational Momentum In Kaybob Duvernay

    Crescent Point Energy Corp. says it continues to gain operational momentum in its Kaybob Duvernay play, realizing ongoing operational efficiencies and cost reductions.

    March 3, 2022, 11:32 AM MST

  • ‘Strong’ Q1 So Far For CWC

    CWC Energy Services Corp. is currently experiencing a strong Q1 2022 with both activity and pricing increasing for both the drilling rig and service rig segments.

    March 2, 2022, 5:06 PM MST

  • Paramount Lifts Dividend

    Paramount Resources Ltd.’s board of directors has approved an increase in the company's regular monthly dividend to eight from six cents per common share.

    March 2, 2022, 6:07 AM MST

  • Obsidian Reports 85% Increase In Funds Flow In 2021

    Obsidian Energy Ltd. reported a $100-million increase in funds flow from operations (FFO) in 2021 compared to the prior year.

    February 28, 2022, 12 AM MST

  • Alberta Budget: Odds And Ends

    Here are some other details of note from the Alberta budget tabled this afternoon.

    February 24, 2022, 3:22 PM MST

  • Gear Funds Flow Surges

    Gear Energy Ltd. was able to boost funds flow for both the Q4 and year-end 2021 periods.

    February 16, 2022, 3:24 PM MST

  • Precision Continues To Work On Better Pricing; Company Grapples With Labour Issues

    Labour inflation is “here and real,” says Kevin Neveu, president and chief executive officer of Precision Drilling Corporation, but so is service price inflation.

    February 11, 2022, 12 AM MST

  • Bonterra Output Climbed For 2021; Company Reports Reserves

    Bonterra Energy Corp. averaged approximately 12,747 boe/d of production in 2021, representing a 21 per cent increase over 2020 and in-line with the stated guidance range of 12,800 to 13,200 boe/d.

    February 10, 2022, 3:21 PM MST

  • Pine Cliff Outlines 2022 Spending Plan

    Pine Cliff Energy Ltd.’s board of directors has approved a 2022 capital budget of $25.5 million to be fully funded from adjusted funds flow.

    February 9, 2022, 12 AM MST

  • Canada Watchdog Says Funds For Inactive Oil Well Clean-Up May Fall Short

    January 25, 2022, 12 PM MST

  • Obsidian Outlines Decommissioning Work For 2022

    Early in 2022, Obsidian Energy Ltd. received an additional $2 million of Alberta Site Rehabilitation Program (SRP) support with the expansion of Period 5, bringing total support from the ASRP to over $37 million (on a gross basis) of grants and allocations.

    January 24, 2022, 6:30 AM MST

  • Birchcliff Outlines Emissions Reduction Initiatives

    Birchcliff Energy Ltd. will direct $1.5 million towards various emissions reduction initiatives in 2022, in an effort to continue reducing its overall carbon footprint.

    January 19, 2022, 2:35 PM MST

  • OGC Competes Survey Of Decommissioned Wells

    The BC Oil and Gas Commission (OGC) recently completed an aerial survey of 144 decommissioned gas wells located between Fort St. John and the Milligan Hills area, in the traditional territories of the Blueberry River First Nations, Doig River First Nation, West Moberly First Nations and Prophet River First Nation.

    January 17, 2022, 2:55 PM MST

  • Obsidian Continued With Well Abandonment Efforts In Q4

    Obsidian Energy Ltd. says that with additional support from the Alberta Site Rehabilitation Program (SRP) received through Periods 7 and 8 allocation, total support from the ASRP increased to over $35 million of grants and allocations.

    January 6, 2022, 6:16 AM MST

  • U.S. Says More Than Half Of States Will Seek Oil Well Cleanup Funds

    January 5, 2022, 10:45 AM MST

  • $55 Million Allocated In Third And Final Phase Of Sask. Inactive Well Program

    The Saskatchewan government announced the third and final phase of the Accelerated Site Closure Program (ASCP), with the allocation of an additional $55 million in funding to eligible companies.

    December 20, 2021, 1:19 PM MST

  • Bonterra Outlines 2022 Spending Plan

    Bonterra Energy Corp. outlined 2022 capital guidance ranging from $55 to $65 million, which incorporates measured capital allocation with the optionality to adjust spending dependent on the strength of the commodity markets as recovery from the COVID-19 pandemic continues.

    December 16, 2021, 5:24 AM MST

  • Saturn Provided With More Site Clean-Up Funding

    Saturn Oil & Gas Inc. has been awarded an additional $2.1 million of Accelerated Site Closure Program (ASCP) funding from the Saskatchewan provincial government.

    December 7, 2021, 7:52 AM MST

  • Service Companies Boosting Capex Forecasts; Well Rehabilitation Programs Offer OFS Supports

    The Petroleum Services Association of Canada (PSAC) recently lifted its 2021 forecast to a yearly total of 4,650 wells drilled, based on improved activity in the second half of the year.

    December 1, 2021, 9:35 AM MST

  • AER Releases Directive On Licensee Life Cycle Management

    The Alberta Energy Regulator (AER) has finalized new requirements to manage oil and gas liability.

    December 1, 2021, 8:30 AM MST

  • Baytex Energy Sets 2022 Capital Budget Of $400 To $450 Million

    Baytex Energy Corp. has outlined a 2022 capital budget of $400 to $450 million, which is designed to generate average annual production of 80,000 to 83,000 boe/d.

    December 1, 2021, 3:39 PM MST

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