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 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
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 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 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
Here are some other details of note from the Alberta budget tabled this afternoon.
February 24, 2022, 3:22 PM MST
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
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 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 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
January 25, 2022, 12 PM MST
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 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
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 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
January 5, 2022, 10:45 AM MST
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 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 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
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
The Alberta Energy Regulator (AER) has finalized new requirements to manage oil and gas liability.
December 1, 2021, 8:30 AM MST
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
Perpetual Energy Inc. continues its environmental, social, and corporate governance (ESG) focus, with total abandonment and reclamation expenditures of up to $2.3 million planned in 2021, with an estimated $1.2 million to be funded through Alberta's Site Rehabilitation Program (SRP).
November 12, 2021, 6:06 AM MST
During the nine months ended Sept. 30, 2021, Prairie Provident Resources Inc. actively reduced its decommissioning liabilities with a combination of $1.8 million of funding from Alberta’s Site Rehabilitation Program (SRP) and $700,000 of internal funding.
November 11, 2021, 4:56 AM MST
Bonterra Energy Corp. continues to reduce its decommissioning liabilities with support of the Alberta Site Rehabilitation Program (SRP).
November 10, 2021, 8:56 AM MST
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